Economy Archives - Wontumi Online

28 Nov

NDC’s Impact On The Economy Had Never Been Felt Since 1992 – Richard Ahiagbah

wontumionlineFeatured, News, TrendingEconomy, NDC, Richard Ahiagbah

The New Patriotic Party (NPP) has challenged the opposition National Democratic Congress (NDC) to provide tangible evidence of their economic achievements since 1992. According to the Communications Director for the party, Richard Ahiagbah, the NDC's impact on the economy has been non-existent since the country's return to democratic rule. Ahiagbah's statement comes on the heels of the NDC's recent attempts to criticize the NPP's economic management. However, the NPP has argued that the NDC's inability to communicate the causes of Ghana's economic challenges is evidence that the country would have been worse off under their leadership. The NPP has also…

26 Jun

Mahama’s Management Of The Cedi Is The Worst Ghana Has Ever Experienced- Dr. Domfe

wontumionlineFeatured, News, TrendingDr. Domfe, Economy, NPP & NDC

A senior research fellow at the University of Ghana, Legon, Dr. George Domfe, has stated that Mahama's management of the cedi is the worst Ghana has ever experienced. Speaking to Gordon Asare Bediako on Movement In The Morning on Movement TV, he compared the economic performance of the current government under President Nana Addo to that of former President John Dramani Mahama. He noted that aside from inflation, which stands at 23.1% compared to Mahama's 15.4%, and the policy rate, which is 29% compared to Mahama's 25.5%, all other economic indicators under Nana Addo's administration are better than those recorded…

21 Jun

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

wontumionlineBusinessEconomy, 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

wontumionlineBusinessCEDI, 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…

18 Oct

The Whole World Is Yet To Recover From COVID-19 But Ghana Is Doing Well- Kusi Boafo

wontumionlineFeatured, News, TrendingCOVID-19, Economy, Recovery

The Chief Executive Officer of Public Sector Reforms, Kusi Boafo has asserted that every economy across the world is yet to recover from the impact of COVID-19. He noted that even the giant economies in the world have still not recovered from COVID-19. This is an indication that Ghana is doing well in terms of management of the economy. He spoke on Movement In The Morning show on Movement TV/ Wontumi Radio with Kwaku Dawuro. "Giant economies like South Korea are predicting 2025 to recover from the negative effect of COVID-19 on their economy. However, in Ghana, our economy has…

20 Sep

Ghana’s Economy Hits Brakes: Q2 Of 2023 Growth Rate Slows To 3.2%

wontumionlineBusinessDDEP, Economy, GDP, Ofori Atta

The latest GDP figures released by the Ghana Statistical Service have highlighted a decline in the growth of the Ghanaian economy, particularly in the industrial sector, which continues to face challenges. During the second quarter of 2023, the economy expanded at a rate of 3.2%, a figure notably smaller than the previous year’s performance (3.5%). Several key subsectors, including construction, electricity, and manufacturing, all experienced contractions during this period, contributing to the overall economic slowdown. Statistical Service also revised the growth rate for the first quarter of 2023, adjusting it from the earlier reported 4.2% down to 3.3%. In the…

12 Aug

Dr. Bawumia Hasn’t Lost His Focus; Economy Goes With Digitalization- Vicky Owusu-Ansah Responds To Critics

wontumionlineFeatured, News, Trendingdigitalization, Dr. Bawumia, Economy

Chairperson for the New Patriotic Party (NPP), for Canada branch, Vicky Owusu-Ansah has responded to those who0 say the Vice President has deviated from his mandate as an economist to a digitalization. She said that the economy works hand in hand with digitalization and there's no way a country could improve upon its economy without digitalization. Indicating that it helps fights corruption, which in turn helps save the country some money. "It's just like the Ghana card.... there were a lot of stiff rejection from some section of Ghanaians who may not know the essence and benefit of that card. …

09 Aug

NPP Has Not Mismanaged The Economy- Comm. Officer NPP Finland Branch

wontumionlineFeatured, News, TrendingCOVID-19, Economy, Kwame Bamforo

Communications officer for New Patriotic Party (NPP), in Finland, Kwame Bamforo has emphatically stated that the ruling New Patriotic Party (NPP) has not mismanaged the Ghanaian economy as the opposition National Democratic Congress (NDC) want Ghanaians to believe. According to him, Ghana’s economy was hit hard by the effect of the COVID-19 pandemic and the Russian/Ukraine war likewise other European countries. However, despite the dire effect of the pandemic and the war, the NPP Government has been able to do a lot for the citizenry and there’s the need for government to propagate its good works for Ghanaians to appreciate…

08 Aug

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

wontumionlineBusinessEconomy, 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…

15 Jun

Ghanaians Will Reward NPP For The Yeoman’s Job By Voting For Us In 2024- Philip Yeboah

wontumionlineFeatured, News, TrendingEconomy, elections 2024, NPP

An aspiring Parliamentary candidate for New Juabeng constituency on the ticket of the New Patriotic Party (NPP) Philip Twum Yeboah has said he is much convinced that the NPP’s dream of breaking-the-8-year jinx will come to pass. Speaking in an interview with Kwaku Dawuro on Movement In The Morning Show on Movement TV, Philip Yeboah explained that upon all the challenges and hardship Ghana is faced with as a country, the government has been able defy all odds and has worked assiduously to salvage the situation and continue with its developmental projects- which every Ghanaian could testify to. he commended…