After the Finance minister’s presentation on the national budget a few weeks ago, the most popular phrase you hear from the media commentators, economist, policy analyst, politicians, is that, government must be fiscally discipline or fiscally responsible. A lot of people share this conventional view and sometimes I ask people, what exactly they mean by … Read more
After the Finance minister’s presentation on the national budget a few weeks ago, the most popular phrase you hear from the media commentators, economist, policy analyst, politicians, is that, government must be fiscally discipline or fiscally responsible. A lot of people share this conventional view and sometimes I ask people, what exactly they mean by … Read more
Ghana IMF deal has proven to be one of the stumbling blocks on the new govt’s path towards achieving her major goal of transforming the country’s economy. The government of Ghana, under the leadership of former President John Mahama, signed a nine hundred and eighteen million US Dollar ($918m) deal with the International Monetary Fund … Read more
The dust has hardly settled on the 7 December election and already a much hackneyed phrase used whenever there has been a shift of political power has started to appear in our political discourse – “empty coffers”. Governments taking over from another either through a coup d’etat or peaceful transition will always claim they met … Read more
The Bank of Ghana has told Citi Business News it will strictly abide by any agreement reached by the government and the International Monetary Fund (IMF) on the financing of government’s budget deficit. It follows a review of the extended credit facility by the IMF and government, in February. Governor Dr. Abdul Nashiru Issahaku believes … Read more
Your job is revered but unenviable. The task ahead of you is daunting because you have inherited a slow moving, indebted and jobless economy. In October 2013, the UK-based Economist Intelligence Unit (EIU) described Ghana’s fiscal state as a “mess”. Rating agencies agreed and responded with Ghana’s sovereign credit downgrades. It has since become “messier” … Read more
Professor Felix Asante, Director of the Institute of Statistical, Social and Economic Research (ISSER) has indicated that signs on the wall points to the fact that the Ghanaian economy is not robust, as the Finance Minister wants Ghanaians to believe. He said it would not be totally true for anyone to argue that the country’s … Read more
An Economist with the Institute of Statistical, Social and Economic Research, (ISSER), Professor Robert Darko Osei, is cautioning of a further increase in interest and inflation rates over a further delay in the release of the IMF bailout cash. He argued that, government’s decision to borrow more to meet expenditure like wages in an election … Read more