Economy Archives - Page 2 of 4

08 Jun

Let’s All Assist Gov’t To Bring Back The Economy To Normalcy- Lawyer Andy Appiah Appeal To Ghanaians

wontumionlineFeatured, News, TrendingEconomy, Lawyer Andy Appiah Kubi

The Member of Parliament for Asante Akim-North, Lawyer Andy Appiah Kobi has urged Ghanaians to assist the government bring back the economy to normalcy. He explained that this has become necessary because the ravaging effect of the global crisis which the government of Ghana cannot be blamed for because every country across the world is feeling a brunt of the consequences. Speaking on Movement In The Morning Show on Movement TV and Wontumi Radio, he said that the chronic condition we are facing as a country is not peculiar to us only, everyone is facing same including the economic giants…

08 May

Akufo-Addo, Bawumia Led Gov’t The Best The Country Has Produced- Fransoa

wontumionlineFeatured, News, TrendingEconomy, fransoa, NPP government

A member of the New Patriotic Party (NPP)'s communications team, Francis Annor Boateng, has said that Nana Addo's and Dr. Bawumia's led government is one the best this country has ever produced so far in the 4th republic. He explains that despite the fact that the country is gravely affected by the global crisis, it has continued to live and delivered up to expectation. "President Akufo-Addo and Dr. Mahamudu Bawumia have been unlucky, as the world was hit with global crisis (COVID-19, Russia-Ukraine war). Even despite the calamities, they have worked assiduously to ensure that Ghanaians are not going through…

28 Apr

The Impact Of Covid-19 And Russia-Ukraine War Can Never Be Underestimated- Julius Gyimah

wontumionlineFeatured, News, TrendingEconomy, Julius Gyimah, NPP

An Economic & Fiscal Policy Analyst, Julius Gyimah, has stated that the impact of COVID-19 and Russian-Ukraine war should ever be underestimated. Noting that prior to COVID-19, Ghana was recording a single digit inflation. However, as of March the inflation stands at 41.1%-questioning how we got here if not for COVID-19 and the war. According to him, this is as a result of the challenges that government is faced with. However, he was quick to add that the Finance ministry are working assiduously to make sure that we can restore our economy so that the balance of payment issues which…

22 Apr

Flee From Ghana If NDC Is Voted Into Power- Dasebre Agyei Dwamena Advises Ghanaians

wontumionlineFeatured, News, TrendingDasebre, Economy, NDC

Broadcast Journalist, Dasebre Agyei-Dwamena, has said that there's no way Ghana could ever prosper, if former President Mahama is voted into power. According to him, if Ghanaians ever vote former President Mahama into power, the country will be faced with retrogression. The progress made so far, as far as the Ghanaian economy is concerned will be in vain. Speaking during the newspaper review on Movement in the morning show on Movement TV/ Wontumi Radio in Accra, he revealed that in an unlikely event that former President Mahama comes back to power, there's no way he(Dasebre) will ever cast ballot in…

19 Apr

Economy Expands By 3.1% In 2022 – GSS

wontumionlineBusinessEconomy, GSS, Industry

Provisional estimates from the Ghana Statistical Service indicates that Ghana’s economy expanded by 3.1% in 2022, 0.6% lower than 3.7% forecast by the government. This is below Ghana’s average Gross Domestic Product (GDP) growth rate of 5.0% pre-Covid-19. It beat most analysts forecast as the African Development Bank in January 2023 had projected that Ghana’s economy grew by 3.6% in 2022. In 2021, post Covid-19, the economy grew by 0.9%. According to the GSS, Industry recorded a GDP growth rate of 0.9%. But the Manufacturing sub-sector (-2.5%), Electricity (-3.3%), Water and Sewerage (-4.9%) and Construction (-4.0%) sub-sectors contracted. In that…

12 Apr

John Mahama Is Empty And Lacks Ideas On How To Manage The Economy- Krobea Asante (VIDEO)

wontumionlineFeatured, News, TrendingEconomy, George Krobea Asante, John Mahama

A Deputy communications Director of the ruling New Patriotic Party (NPP) George Krobea Asante, has asked Ghanaians not to take Former President John Dramani Mahama, serious since according to him, he has no vision for the country. According to him, John Mahama is only good at promoting violence, which is not only bad to his personality but the nation as a whole. Krobea Asante noted that the presumptive leader of the National Democratic Congress (NDC), Mr. Mahama cannot be trusted because his past record has shown that he is empty of ideas. Speaking on Movement in the Morning show on…

05 Apr

World Bank Lowers Ghana’s Growth Rate To Below 2% In 2023

wontumionlineBusinessApril 2023 Africa Pulse Report, Economy, Ghana, world bank

The World Bank has lowered Ghana’s growth rate to under 2.0% in 2023, placing it at the 29th position in Sub-Saharan Africa, its April 2023 Africa Pulse Report has revealed. This is lower than the 2.7% it earlier projected. According to the Bretton Wood institution, the expected low growth rate in the country is due to deleterious global shocks and heightened macroeconomic instability. “In Ghana, more timely data highlight the weakness of economic activity amid the deleterious global shocks and heightened macroeconomic instability”. It further said government consumption has declined on the back of high debt service and restricted access to…

16 Mar

Ghanaians Are Lucky To Have A Gov’t That Is Capable Of Providing Solutions- George Oduro

wontumionlineFeatured, News, TrendingEconomy, George Oduro

Former Member of Parliament (MP) and former Agriculture Minister, George Oduro has noted that the Gold for oil policy has brought relief to Ghanaians, as fuel prices have begun dropping. Speaking on Movement in the morning show on Movement TV/ Wontumi Radio, Goerge Oduro explained that the NPP government realized that fuel price is a contributor to the economic hardship we are faced with as a country, and hence the reason for the introduction of the Gold for oil policy. "The essence of the deal has begun reflecting at the fuel pumps. This speaks volume of the kind of government…

28 Feb

Economy To Rebound To 5% Bracket From 2024 – S&P

wontumionlineBusinessEconomy, GDP, GDP per capita, Ghana

Ghana’s economy is expected to rebound to the 5% bracket from 2024. According to ratings agency, S&P, the economy will expand by 5.1% in 2024 and further to 5.4% and 5.5% in 2025 and 2026 respectively. The rating agency, however, affirmed its 3.0% Gross Domestic Product growth rate for Ghana in 2023, slightly higher than the government’s forecast of 2.8%. For the size of the economy, S&P projected about $68 billion in 2023, same as 2022. The size of the economy is also estimated at $67 billion in 2024 and 2025 respectively. From a high of $79 billion dollars in…

21 Feb

Good Governance Has Suppressed Economic Hardship Despite The Global Hardship- Gideon Boako

wontumionlineFeatured, News, Trendingeconomic hardship, Economy, free shs, Gideon Boako, Movement In The Morning

Economic advisor and spokesperson for the vice President, Gideon Boako, has applauded the the New Patriotic Party for their good governance, as it has gone a long way to suppress hardship in the economy despite the global hardship. Speaking in an interview with Kwaku Dawuro, on Movement In The Morning, on Movement TV/Wontumi radio, Mr Boako said that in reference to how the current ruling government has been able to curb persistent, unpredictable power outage and improved the lives of citizens. He stated that '' Let's see it this way, whether a government will come up with a strategic plan…