The time has come. The NPP manifesto launch is on. Several hundreds of party supporters have defied the stormy morning rains and have made their way to the Trade Fair Centre. All who matter in the NPP, except of course the suspended three and top national executives, Paul Afoko, Kwabena Agyepong and Sammy Crabbe have … Read more
The running mate for the New Patriotic Party, Dr Mahamudu Bawumia has said Moody’s recent review of the economic outlook of Ghana should not be misconstrued as an upgrade. Rather, he said the revision of the country’s outlook from B-negative to B-stable was only a review of the country’s economic outlook and not an upgrade. … Read more
President John Dramani Mahama has urged Ghanaians to reject the “propaganda” by his opponents that the economy is in crisis. In a brief assessment of the health of the economy while addressing staff and students of the University of Energy and Natural Resources (UENR) in Sunyani yesterday, he said: “The economy is healthy, and so … Read more
The International Monetary Fund (IMF) has stated that Ghana was making progress in its economic management but cautioned that the country will have to ride on a bumpy path to economic recovery. Assistant Director and Head of Fiscal Policy and Surveillance Division of the IMF, Ms Catherine Pattillo said the fiscal consolidation remains on track … Read more
President John Mahama has expressed worry at what he says is the perpetual wish for crisis unto the country by the opposition New Patriotic Party flagbearer Nana Akufo-Addo. According to the President, the NPP appears to enjoy propagating bad news about the country regardless of the actual state of affairs in the West African nation. … Read more
The lenses of Nana Akufo-Addo, flag bearer of the main opposition New Patriotic Party (NPP), see economic crisis where none exists, President John Mahama. In an address at the University of Energy and Natural Resources on day-four of his campaign tour, Mr Mahama wondered why Mr Akufo-Addo will keep harping on the “propaganda” that Ghana’s … Read more
President John Mahama says the constant refrain by his political opponents that his government has plunged the economy into a crisis is nothing but vile propaganda. Mahama said it is only the opposition that can see a crisis, with his government’s management of the economy, endorsed as prudent by the international community. The president who … Read more
The Bank of Ghana (BoG) has announced plans to renounce its ownership of two banks in the country. Currently, the BoG, holds 44.06 and 48.17 per cent shares in National Investment Bank (NIB) and Agricultural Development Band (ADB) respectively. The Ghanaian Times reports that M. Millison Narh, the first Deputy Governor of BoG disclosed this … Read more
President John Mahama says the upgrading of Ghana’s economy by Moody’s shows that the managers of the economy are doing the right thing. According to him, “Ghana is rising, Ghana is doing well”. President Mahama was speaking at the VIP Lounge at the Kotoka International Airport in Accra on Wednesday night on his return from … Read more
President John Mahama has stated that the recent upgrade from negative to stable by International rating firm, Moody’s is an indication that his government is “doing something right.” Addressing journalists at the Kotoka International Airport upon his return from France Wednesday evening, President Mahama said “In my absence we were pleased to hear that Moody’s … Read more
The International Monetary Fund (IMF) board has approved Ghana’s third review under the Extended Credit Facility (ECF). The nod was given yesterday [Wednesday]. Ghana last week provided in full data requested by the Fund to enable it meet and make a decision on the country’s ECF program. Among the data requested by the Fund was … Read more
President John Mahama is upbeat about the country’s economy after Moody’s Investors Service, a UK-based rating agency reviewed Ghana’s economy to a a B3 rating this week. According to him, the feat reflects the gains that Ghana is making which signals a positive outlook for the economy. He said across the world,Ghana has been acknowledged … Read more
Finance Minister Seth Terkper says the favorable assessment of Ghana’s creditworthiness by some rating agencies shows that government is on track in stabilizing the economy. Rating Agencies, Moody’s and FITCH have all given government a favorable assessment of its ability to pay back on time funds borrowed on the international market. Moodys in a statement … Read more
Rating agency, Moody’s has reviewed Ghana’s issuer outlook from negative to stable, maintaining the rating at B3. The key drivers for the review, according to the rating agency, is the country’s significant fiscal deficit reduction and institutional reform implementation over the past year under the umbrella of the 3-year IMF programme starting April 2015. According … Read more
Lagos (AFP) – After two bruising quarters marked by attacks on oil pipelines in the Niger delta and ballooning inflation, Nigeria is expected on Wednesday to announce it is officially in recession. The news shouldn’t come as a surprise. Sales of oil at a high price had made Nigeria the biggest economy in Africa. But … Read more
Nana Akufo-Addo, the New Patriotic Party (NPP) 2012 Presidential candidate has lamented the leadership crisis in Ghana and accused President John Mahama’s government of sending the nation backwards. Addressing the monthly public meeting of the UK Branch of the New Patriotic Party’s last Sunday in Wood Green, London, the man vying to lead the New … Read more