For a while, it appeared the motherland had nowhere to go but keep sinking post-December 7, 2016. Profligately constructed billboards, costly enough to drill a number of boreholes to provide potable water or chalk to schools for years, seemed to be pointing at a motherland going nowhere. Our motherland is saddled with debt contracted to … Read more
The General Secretary of the National Democratic Congress (NDC), Johnson Asiedu Nketia, has labelled Dr. Mahamudu Bawumia, vice presidential candidate of the opposition New Patriotic Party (NPP), as a “Trojan horse” heading for a disgraceful elimination by his own party after being “misused”. The scribe described the economist, who has been jabbing the ruling party … Read more
The main opposition New Patriotic Party (NPP) is painting Ghana as a country in crisis so as to win the 7 December polls, President John Mahama has said. “If somebody says the country is going back, then I can’t understand. I can’t think far. I can’t think madness. But I know that it is propaganda … Read more
President John Dramani Mahama took his campaign to his alma mater, the University of Ghana, where he told Ghanaian students that he stood for the truth. In a speech laced with political, economic and educational issues, the President also sought to attack “the lies” directed at him from his opponents, and went further to provide … Read more
Russia is betting oil prices will stay low for a long time. President Vladimir Putin’s government has just set a draft budget for the next three years based on the assumption Russia will be able to sell its oil for $40 a barrel. That’s $10 below current world prices. Russia is the second biggest oil … Read more
Dr Mahamadu Bawumia, an economist, has challenged recent assertions by President John Mahama and Finance Minister Seth Terkper that international ratings agency Moody’s upgraded Ghana recently. The former Central Bank Deputy Governor, speaking at the launch of the manifesto of the New Patriotic Party (NPP) over the weekend at the Trade Fair in Accra, said: … Read more
President John Mahama has urged Ghanaians to disregard what he described as the opposition New Patriotic Party’s (NPP) fear-mongering about the state of the economy. The NPP has on several political platforms declared that Ghana is in a state of crisis under the John Mahama-led administration therefore the need to vote for change. But addressing … Read more
The Director in-charge of fundraising for the New Patriotic Party (NPP) 2016 presidential campaign, Ken Ofori-Atta, has backed the party’s proposal to cut down taxes on businesses when voted into power. The investment banker and co-founder of Databank, believes government’s decision to impose harsh taxes on a few Ghanaians is only a lazy approach to … Read more
Ghana has witnessed significant economic decline over the past five years with weak real Gross Domestic Growth (GDP), Dr Eric Osei-Assibey, an economist, has stated. Making a presentation on the theme, ‘Current state of Ghana’s economy: Impact of the ECF Programme with the IMF’ on Tuesday in Accra at an Institute of Economic Affairs (IEA) … Read more
The plans and policies outlined by the main opposition New Patriotic Party (NPP) in its 2016 manifesto will destroy Ghana if the party is voted into power in the 7 December 2016 elections, President John Mahama has said. For this reason, he has told party supporters at a rally in Afienya in the Ningo Prampram … Read more
The war of words over the economy between President John Mahama and the New Patriotic Party (NPP) Running Mate, Dr. Mahamudu Bawumia, has continued with the President this time questioning Dr. Bawumia’s economic credentials. Referencing the NPP Running Mate’s claims that international credit rating agency, Moody’s, did not upgrade the rating of Ghana’s economy, President … Read more
An Economist, Dr. John Gatsi, says he sees nothing wrong with the challenge thrown at the Vice Presidential Candidate of the opposition New Patriotic Party (NPP), Dr. Mahamadu Bawumia, by President Mahama on a campaign platform, to disclose the cost of the cedi redenomination exercise undertaken in 2007. President Mahama during a rally in the … Read more
Ghana’s debt to GDP ratio could hit the 70 percent threshold if the base rate for calculating the figure, is adjusted to reflect current growth targets. This is the indication from economist, Dr. Eric Osei Assibey. Crossing the 70 percent mark is also likely to affect Ghana’s international credit rating. “The projection was about 4.9 … Read more
Ghana’s current policy rate set by the Bank of Ghana is 26 per cent. Such a rate may be considered to be too high given the current state of the economy, with economic growth for 2015 recorded at four per cent. At 26 per cent, the interest rate is ranked the third highest in the … Read more
In the war between humanity and disease, perhaps the greatest victory of recent years took place in Africa. At the turn of the millennium, serious analysts expected HIV/AIDS to kill up to half the people in some southern African countries. But then the price of anti-retroviral drugs fell from $10,000 a year to as little … Read more
A renowned economist has indicated that the New Patriotic Party’s (NPP’s) key policies on the economy are good but they may suffer implementation challenges. The largest opposition party launched its manifesto Sunday outlining key policy ideas to tackle what it describes as ailing economy under the governing national democratic congress. The NPP manifesto hopes transform … Read more
The Minister of Employment and Labour Relations Haruna Iddrisu is questioning the intellectual honesty of vice presidential candidate of the New Patriotic Party (NPP) Dr Mahamudu Bawumia on a promise he made on behalf of his party to build 600 new Senior High Schools (SHSs). He indicate that the promise which was disclosed during a … Read more
President Mahama writes: My manifesto is all about putting people first By President John Mahama My brothers and sisters, In the course of our daily routine, we often get caught up in details that ceaselessly ask for our attention. We forget the big picture; we forget to ask ourselves the questions that really matter. For … Read more
President John Mahama has said his government is on the right track, saying: “Take a look at this: In 2012, we were 53rd in the world when it comes to our country’s capacity to retain talent; today, in 2016, we are 48th. More and more talented people choose to remain and work in Ghana, instead … Read more
The recent affirmation of the Government of Ghana’s issuer and senior unsecured rating at B3 and change in the country’s economic outlook to stable from negative by international rating agency, Moody’s, is, indeed, an upgrade worth celebrating by the managers of the economy, Economist Dr John Gatsi has said. “The fact is that you were … Read more