Member of Parliament for Yapei Kusawgu, John Jinapor has said COVID-19 is not the cause of Ghana's ailing economy.
He said even the cedi had begun to depreciate way before the COVID-19 outbreak.
Speaking on Accra-based Metro TV today, he indicated that even in 2019 the cedi had depreciated badly.
He noted that all was not well with the economy as government...
The President of the Republic, Nana Addo Dankwa Akufo-Addo, on Tuesday, 5th July 2022, cut the sod for the commencement of work on the construction of the five hundred-million-euro (€500 million) Manso-Huni Valley section of the Western Railway.
Describing it as the highest single investment for rail development since Ghana gained independence, President Akufo-Addo indicated that the project is expected...
Assin Central lawmaker, Kennedy Agyapong has expressed disappointment in the decision by the New Patriotic Party (NPP) government to go to the International Monetary Fund (IMF) for support.
He said this decision will make breaking the 8-year cycle by the party tough.
In his view, this is like handing over power to the National Democratic Congress (NDC) without a contest because...
A Deputy Minister of Finance, Mr John Kumah has said an International Monetary Fund (IMF) programme will help the country to come out from the economic challenges faster.
He said the government hopes that the programme will benefit the country.
“Our objective as government is to restore confidence in the economy and rebound it from the difficulty, from the challenges, not...
Nana Osei Bonsu, the CEO of the Private Enterprise Federation (PEF) has said there is nothing wrong with Ghana seeking support from the International Monetary Fund (IMF) to put the economy back on track.
Speaking to Kwaku Nhyira-Addo on The Asaase Breakfast Show on Friday (1 July), Osei Bonsu said going for an IMF programme is not shameful.
“We definitely have...
President of the Artisanal Palm Oil Millers and Outgrowers Association of Ghana, Mr.Paul-Kwabena-Amaning, has opined that going to the International Monetary Fund (IMF) has never solved our Economic challenges hence government should take advantage of the palm oil industry to invest in palm oil production for manufacturing and export to generate revenue to save the Ghanaian economy.
He stressed that...
Deputy Ranking Member on the Finance Committee of Parliament, Isaac Adongo says the decision by the government to engage the IMF for support led by Finance Minister Ken Ofori-Atta smacks of hypocrisy of the highest order.
According to him, the move is meaningless and will not yield the expected result if led by the same people who spoke against going...
Ghana has officially contacted the International Monetary Fund to seek financial support.
In a statement, President Akufo-Addo, said he had authorized Finance Minister Ken Ofori-Atta to commence formal engagements with the International Monetary Fund (IMF), inviting the Fund to support an economic program put together by the Government of Ghana.
The statement added that this followed a telephone conversation between the...
Former President John Dramani Mahama is asking the Akufo-Addo government to seek a bailout from the International Monetary Fund (IMF) before things get our of hand.
“Due to the nature and depth of our economic problems, this government virtually has no other sustainable option,” Mr. Mahama said at the launch of a think tank known as Think Progress Ghana.
Any IMF...
Kaakyire Kwame Fosu, better known in Showbiz as KK Fosu, has revealed his political ambitions after his soon-to-come retirement from music.
He made this revelation in a radio conversation on the Accra-based Hitz FM with Andy Dosty, monitored by this portal.
Though he kept his political affiliation secret in this particular interview, he revealed that his political longing started three years...
