economy Archives - Wontumi Online

21 Jun

GDP Growth: Ghana’s Economy Regaining Momentum; It’s On A Steady Rebound – Ahiagbah

Wontumi1Businesseconomy, GDP, Richard Ahiagbah

The Director of Communications for the New Patriotic Party (NPP) Richard Ahiagbah has said that Ghana’s economy is regaining its strength as seen in the growth of the Gross Domestic Product (GDP). The GDP in volume terms was estimated to have increased by 4.7 % in quarter 1 (January to March) of 2024 compared to the same period in 2023, the Ghana Statistical Service (GSS) has announced. When seasonally adjusted, Ghana real GDP increased to 1.2% in quarter one (January to March) of 2024; a 0.2 percentage point higher than what was recorded in quarter four (October to December) of…

06 Jun

EIU Predicts Persistent Stronger US Dollar; One Dollar Equals GH¢14.90

Wontumi1BusinessCEDI, dollar, economy, EIU

The US dollar remains close to an all-time high in real effective terms. According to the Economist Intelligence Unit, the remarkable resilience of the greenback is a reflection on the strength of the US economy, which has defied high interest rates and market predictions (a record-long period of yield curve inversion indicates so far unmet expectations of a major slowdown). “High US policy rates and, more recently, investor repositioning in anticipation of a later start to US monetary easing have provided a large degree of support for the currency. However, the dollar has rarely been so strong relative to interest-rate…

26 Jan

“2024 Election is crucial for NPP and Nation” – Dr Bawumia

Evans ManassehNewsBawumia, economy, NPP, Primaries

Flagbearer of the New Patriotic Party, Dr Mahamudu Bawumia, has urged all parliamentary aspirants in Saturday’s elections to ensure that the party comes out of the process more strengthened and united, as that is what will give the party victory in the 2024 elections. In his goodwill message to the aspirants, Dr Bawumia said only a united party can ensure success at the polls in 2024. He said, “election of December 2024 is crucial for our party and nation,” stressing that “the NPP needs to come out of this process strengthened, united, and ready to deliver victory in 2024”. Dr Bawumia…

22 Jan

IMF Hails Ghana’s Economic Recovery

Evans ManassehNewseconomy, Ghana, IMF

The International Monetary Fund (IMF) has lauded Ghana’s performance under the Fund’s programme with huge confidence that the country’s economy is recovering beyond expectation. It said all quantitative performance criteria for the first review and almost all indicative targets and structural benchmarks were met under the programme. This followed the Executive Board Conclusion of the 2023 Article IV Consultation with Ghana and First Review under the Extended Credit Facility Arrangement in which the country is expected to receive a $3 billion balance of payment support from the Bretton Woods Institution. IMF noted that Ghana’s ambitious structural fiscal reforms are bolstering…

08 Aug

Ghana’s Economy Faces Huge Risks In The Short Term – Analyst

Wontumi1Businesseconomy, Finance minister, Joe Jackson, Ken Ofori Ata

The Ghanaian economy faces huge risks in the short term, a financial analyst, Joe Jackson, has observed. This is despite the assurance by Finance Minister Ken Ofori-Atta that the corner has turned relative to the economic challenges. “The Ghanaian economy faces huge risks in the short term,” he tweed while rejecting Mr Ofori-Atta’s claim of turning the corner. He added “Protect yourself by 1. Reduce expenses – cut unnecessary spending 2. Hold on to your job and income 3. Find alternative sources of income 4. Keep saving 5. Avoid taking on debt.” Mr Ofori-Atta has however insisted that the government…

22 Dec

Economic Recovery: “Indeed We Have The Men”- NPP

wontumionline.comNewseconomy, NDC, NPP

The New Patriotic Party(NPP) have said that they didn't cast dust into the eyes of Ghanaians when they said they have the men to recover the economy. According to NPP Deputy General Secretary, Haruna Mohammed the achievements of the NPP are a clear indication of their statement. In an interview on Wontumi TV Morning Show on December 22, Haruna Mohammed urged Ghanaians to remember the transformation they have brought to the economy. He recalled the NDC said they have "chewed the meat and had left with bones" so the NPP can not implement the free Senior High School. "But President…

03 Dec

(PICTURES) Ghana- Korea Pledge To Strengthen Bilateral, Economic Relations

wontumionline.comBusiness, NewsBilateral, Bn, economy, Ghana, Korea

The Republic of Ghana and Asia giant, the Republic of Korea, who established diplomatic relations as far back as 1978, have pledged to step up those relations and to take bilateral and economic arrangements between them to the next level. The two countries made the pledge when President Akufo-Addo and the Prime Minister of the Republic of Korea, Han Duck–Soo, met at the Jubilee House on Friday 2 December 2022, as part of the Korean leader’s three-day state visit to Ghana. Addressing Prime Minister Duck-Soo and his delegation, President Akufo-Addo observed that he is a big admirer of the development…

30 Oct

Our Economy Is In Difficulty, Nana Addo Cries

wontumionline.comNewseconomy, nana addo

Our Economy Is In Difficulty, Nana Addo Cries President of the Republic, Nana Akufo-Addo has wept that the country's economy is dire state. Akufo- Addo said the country is in crisis following the difficulty of the economy. Addressing the Nation on Sunday,30/10/2022 on effort the governmrnt is making to bring relief to Ghanaians , he said due to the economic hardship, the budget for 2022 has been thrown out of gear. He bemoaned that the hardship has put pressure on families and bussinessmen. President Akufo-Addo appealed to Ghanaians to support him take Ghana out of the hardship. "Neverthless, my ambition…

17 Aug

Chairman Wontumi Scrutinizes Old Video Of John Mahama ‘Crying’ About His Turbulent Economic Performance (VIDEO)

Kakra NunuNewsChairman Wontumi, economy, John Mahama

The Ashanti Regional Chairman for the New Patriotic Party, Mr. Bernard Antwi-Boasiako has brought back an old video of former President John Mahama where he is seen lamenting about how global trends had affected the economy he was handling. In the video shared by Mr. Bernard Antwi-Boasiako popularly known as Chairman Wontumi, former President John Mahama is heard saying that today’s world has become “complex” and “unpredictable”. The video starts with a remark Mr. Mahama made in 2012 where he is heard pleading with Ghanaians have patience about the way his government is handling the economy. He urged Ghanaians not…

13 Mar

Economy, Technology and Energy : Razak Kojo Opoku Writes

wontumionline.comArticleseconomy, Technology and Energy : Razak Kojo Opoku Writes*

*Economy, Technology and Energy : Razak Kojo Opoku Writes* To the minds of some members and sympathizers of the National Democratic Congress(NDC) when they hear technology (digitalization and digitization), it means the usage of computers, machines etc. However, in the modern contemporary economies, when economists talk about technology (digitalization and digitization) they are thinking of more broadly or widely ways of doing new things to add market value, monetization, checking corruption (including misappropriation, misapplication, waste of resources etc.), improving efficiency of the provision of goods and services, as well as ensuring the proper integration that will ensure the smooth…