The general feeling is that the Minister passed his first test given the replication of major campaign promises in the budget. The structure of the budget itself didn’t change much from the previous and the minister and his economic team employed great skill not to stray significantly from economic targets set by the previous government … Read more
Yesterday, Ghana’s Finance Minister, Mr. Ken Ofori- Atta presented his maiden budget to Parliament. The minister christened his budget ‘’ Asempa Budget’’ in the Twi language, loosely translated as ‘’Good news Budget’’. The general feeling is that the Minister passed his first test given the replication of major campaign promises in the budget. The structure … Read more
The International Monetary Fund (IMF) is hopeful about Ghana’s return to economic prosperity as the government maintains strict fiscal discipline ahead of the presidential and parliamentary elections in December. With less than two months to the December polls, the IMF says economic recovery appears attainable, as the government has stayed within spending limits and managed … Read more
The size of the Ghanaian economy (including oil) shrunk from US$38.5 billion recorded in 2014 to US$36.7 billion in 2015, a difference of $1.8billion, the Ghana Statistical Service (GSS) has disclosed. The GSS further stated that Ghana’s economy grew by 2.5 per cent during the second quarter of 2016 compared with 3.8 per cent registered … Read more
Groupe Nduom (GN) Research has added its voice to expert views on the Ghanaian economy, describing it as one in distress. It said Ghana’s economy has been on a persistent decline over the past four years, coupled with its vulnerability to external shocks. According to its half-year review of the economy, GN Research noted for … Read more