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JESUS IS GOD 2 months ago
Jesus Christ loves you and wants to save you from sin and its consequences. He died on the cross for your sins, was buried, and rose again on the third day. Believe in Him, accept His gift of forgiveness, and receive eternal ... read full comment
Jesus Christ loves you and wants to save you from sin and its consequences. He died on the cross for your sins, was buried, and rose again on the third day. Believe in Him, accept His gift of forgiveness, and receive eternal life! (John 3:16)..nvccf
K Poku-London-UK 2 months ago
Who took Ghana to the IMF in 2022? It was Dr Messiah Bawumia and Ken Ofori Atta- cum Akuffo Addo- The NPP Economic Messiah-Dr Bawumia. Ghana has been to the IMF 18 times- Ghana has spend 40 years under the IMF conditions out ... read full comment
Who took Ghana to the IMF in 2022? It was Dr Messiah Bawumia and Ken Ofori Atta- cum Akuffo Addo- The NPP Economic Messiah-Dr Bawumia. Ghana has been to the IMF 18 times- Ghana has spend 40 years under the IMF conditions out of its 68 years history-Ghana IS A FAILED STATE.
The World Bank has pushed back against the erstwhile Akufo-Addo administration’s long-held narrative that Ghana’s 2022 economic collapse was the result of global turmoil, the COVID-19 pandemic and the Russia-Ukraine war.
It insisted that the economic meltdown was “homegrown”.
In its latest 2025 Policy Notes on Ghana, the Bank made clear that while the COVID-19 pandemic and Russia’s invasion of Ukraine worsened the situation, they were not the root cause.
“The deterioration of global conditions… was not the cause of the 2022 macroeconomic crisis; rather, it merely exposed an economy already beset with deep structural vulnerabilities and precarious macroeconomic conditions,” the report said.
The government has frequently blamed external shocks for the collapse, which saw inflation spiral, the cedi plummet, and the country default on its debt.
But the World Bank said years of weak governance, fiscal indiscipline, and stalled reforms were the real culprits of Ghana's "dark days".
Interbank Market: Cedi trades at GH¢12.35 to $1
The bank also argued that the easy access to international credit and expectations of resource windfalls encouraged short-term political decisions at the expense of long-term stability.
The report noted that the cycle of expansionary spending followed by painful corrections, one that has forced Ghana into 17 IMF programs over the past 68 years, is damaging.
“Sudden macroeconomic stops and crises have led the country to request a record number of IMF programs, remaining under active IMF support for 40 out of its 68 years of history,” the Bank said.
The report also noted that more than 800,000 people were pushed into poverty in the aftermath of the 2022 crisis, with per capita incomes stuck at around US$2,200 for over a decade.
Today, more than a quarter of Ghanaians live below the poverty line, it noted.
Looking ahead, the Bank also raised alarms about Ghana’s fiscal management in the 2024 election year.
It flagged unbudgeted spending commitments of roughly US$4.8 billion, equivalent to 5.7% of GDP, much of it accumulated outside official financial systems.
“Spending indiscipline poses a critical challenge…undermining efforts to maintain fiscal discipline and compromising long-term sustainability,” the report cautioned.
Also, the energy sector arrears still cost around 2% of GDP annually, while COCOBOD’s debts reached US$1.8 billion in 2024, with interventions distorting markets and hurting farmers.
The bank warned that Ghana now stands at a critical crossroads, and temporary fixes will not be enough.
“There is an urgent need to signal a clear break from the past and a commitment to change… Success will ultimately be measured by the ability of the government to regain the trust of its citizens.”
Its recommendations are focused on restoring fiscal discipline, broadening the tax base, reforming state-owned enterprises, and enhancing governance.
Without decisive reforms, the World Bank cautions, Ghana risks remaining trapped in its cycle of crisis and bailouts for decades to come.
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Achakanapaya 2 months ago
What is this Idiot talking?
Npp is just a shameless criminal organization. Nation wreckers.
What is this Idiot talking?
Npp is just a shameless criminal organization. Nation wreckers.
Aba Sam 2 months ago
About 70 lawyers for what? How many of them will speak?
About 70 lawyers for what? How many of them will speak?
FOOL 2 months ago
Foolish cow like you. When that senseless monkey Dame was abusing his office and skewing to jail Ato Forson at all costs, did you voice out this aspect of denigrating the AGs office? Fool like you.
Foolish cow like you. When that senseless monkey Dame was abusing his office and skewing to jail Ato Forson at all costs, did you voice out this aspect of denigrating the AGs office? Fool like you.
Truth Table 2 months ago
ONLY Jesus saves.
Believe in Him and enjoy eternal life....
ONLY Jesus saves.
Believe in Him and enjoy eternal life....
Lance 2 months ago
The npp are good talkers. But they do not act as they say. Look at how Godfred Dame denigrated the office with pure politics. Dame demonstrated that he had no fear of God in him.
The npp are good talkers. But they do not act as they say. Look at how Godfred Dame denigrated the office with pure politics. Dame demonstrated that he had no fear of God in him.
Kwame Peter 2 months ago
Counsel,the ambulance fraud case is not finished, so are the Saglemi, bank frauds,crime has no expiry.
Counsel,the ambulance fraud case is not finished, so are the Saglemi, bank frauds,crime has no expiry.
Kojo Sromani 2 months ago
Day dreaming. They had 8 years but could not do anything because there was nothing for them to get any conviction. Oh yes, crime has no expiry date, but the NPP should never think of tasting power again in the next generation ... read full comment
Day dreaming. They had 8 years but could not do anything because there was nothing for them to get any conviction. Oh yes, crime has no expiry date, but the NPP should never think of tasting power again in the next generation.
Kwame Obeng 2 months ago
Dame can be accompanied by 1000 lawyers, the investigation will go on ..
Dame can be accompanied by 1000 lawyers, the investigation will go on ..
Now Now 2 months ago
Opuni was not denigrated
Apply to the Supreme Court for the CID to stay action till Gertrude Araba Esaaba Sackey Torkornoo is reinstated as a Supreme Court Judge
Opuni was not denigrated
Apply to the Supreme Court for the CID to stay action till Gertrude Araba Esaaba Sackey Torkornoo is reinstated as a Supreme Court Judge
Bbk 2 months ago
What has investigating an alleged crime to do with denigrating the office of AG? These npp guys are shut something.
What has investigating an alleged crime to do with denigrating the office of AG? These npp guys are shut something.
Justice One 2 months ago
Agreed with you Gary. In same way the occupier of the AG office should also be above reproach. When was the last time an accused person on trial accused an AG of asking him or her to fabricate evidence. Mind you this was prov ... read full comment
Agreed with you Gary. In same way the occupier of the AG office should also be above reproach. When was the last time an accused person on trial accused an AG of asking him or her to fabricate evidence. Mind you this was proven in the High court and the evidence admitted in the records.
LONGJOHN 2 months ago
WHEN YOUR GOVERNMENT WAS DOING ALL SORTS OF ACROBATICS TO TURN THE LAW YOU DIDN'T SAY THIS RIGHT?
WHEN YOUR GOVERNMENT WAS DOING ALL SORTS OF ACROBATICS TO TURN THE LAW YOU DIDN'T SAY THIS RIGHT?
Kwasi 2 months ago
This thief has the effrontery to level these baseless effusions
This thief has the effrontery to level these baseless effusions
Zakarakis 2 months ago
This man has spoken as if he were HIGH on RED. So because Dame an ordinary human being like any Ghanaian has been invited by EOCO, suddenly the AG's office is being denigrated????
This man has spoken as if he were HIGH on RED. So because Dame an ordinary human being like any Ghanaian has been invited by EOCO, suddenly the AG's office is being denigrated????
Asonaba kofi 2 months ago
The office was denigrated by the ex attorney general by his actions and inactions. All his dealings were suspect. Visiting judges involved in active cases at home, having judges transferred because he wanted favours but didn' ... read full comment
The office was denigrated by the ex attorney general by his actions and inactions. All his dealings were suspect. Visiting judges involved in active cases at home, having judges transferred because he wanted favours but didn't get and to crown it all coaching an accused to help him jail an innocent man. He denigrated the office big time!!
Kumah 2 months ago
These NPP idiots think awe are stupid. That office was already denigrated during Godfred’s time in office.
These NPP idiots think awe are stupid. That office was already denigrated during Godfred’s time in office.
Peter 2 months ago
If it is hallowed office, the put the morally right people there.
If it is hallowed office, the put the morally right people there.
Nana K 2 months ago
A bunch of petty thieves
A bunch of petty thieves
Tornado 2 months ago
You should not forget he tried to trial Quayson every passing day using his power as the Attorney General.
Power corrupts, and absolute power corrupts absolutely. Even if you don't sleep with your wife, it will be grounds t ... read full comment
You should not forget he tried to trial Quayson every passing day using his power as the Attorney General.
Power corrupts, and absolute power corrupts absolutely. Even if you don't sleep with your wife, it will be grounds to trial you of corruption.
I hope you're detained for a week to see sense.
The next time around if you get power, you use the proper law and commonsense to dictate judiciously.
A word to the wise is enough.
We help secure your perimeter with modern ELECTRIC FENCE SYSTEMS that supports alarm system and backup battery system. We sell and install ELECTRIC FENCE SYSTEMS & CCTV CAMERAS. Call/WhatsApp: 0501796870 for more info. 7YJUH8 ...
read full comment
Jesus Christ loves you and wants to save you from sin and its consequences. He died on the cross for your sins, was buried, and rose again on the third day. Believe in Him, accept His gift of forgiveness, and receive eternal ...
read full comment
Who took Ghana to the IMF in 2022? It was Dr Messiah Bawumia and Ken Ofori Atta- cum Akuffo Addo- The NPP Economic Messiah-Dr Bawumia. Ghana has been to the IMF 18 times- Ghana has spend 40 years under the IMF conditions out ...
read full comment
What is this Idiot talking?
Npp is just a shameless criminal organization. Nation wreckers.
About 70 lawyers for what? How many of them will speak?
Foolish cow like you. When that senseless monkey Dame was abusing his office and skewing to jail Ato Forson at all costs, did you voice out this aspect of denigrating the AGs office? Fool like you.
ONLY Jesus saves.
Believe in Him and enjoy eternal life....
The npp are good talkers. But they do not act as they say. Look at how Godfred Dame denigrated the office with pure politics. Dame demonstrated that he had no fear of God in him.
Counsel,the ambulance fraud case is not finished, so are the Saglemi, bank frauds,crime has no expiry.
Day dreaming. They had 8 years but could not do anything because there was nothing for them to get any conviction. Oh yes, crime has no expiry date, but the NPP should never think of tasting power again in the next generation ...
read full comment
Dame can be accompanied by 1000 lawyers, the investigation will go on ..
Opuni was not denigrated
Apply to the Supreme Court for the CID to stay action till Gertrude Araba Esaaba Sackey Torkornoo is reinstated as a Supreme Court Judge
What has investigating an alleged crime to do with denigrating the office of AG? These npp guys are shut something.
Agreed with you Gary. In same way the occupier of the AG office should also be above reproach. When was the last time an accused person on trial accused an AG of asking him or her to fabricate evidence. Mind you this was prov ...
read full comment
WHEN YOUR GOVERNMENT WAS DOING ALL SORTS OF ACROBATICS TO TURN THE LAW YOU DIDN'T SAY THIS RIGHT?
This thief has the effrontery to level these baseless effusions
This man has spoken as if he were HIGH on RED. So because Dame an ordinary human being like any Ghanaian has been invited by EOCO, suddenly the AG's office is being denigrated????
The office was denigrated by the ex attorney general by his actions and inactions. All his dealings were suspect. Visiting judges involved in active cases at home, having judges transferred because he wanted favours but didn' ...
read full comment
These NPP idiots think awe are stupid. That office was already denigrated during Godfred’s time in office.
If it is hallowed office, the put the morally right people there.
A bunch of petty thieves
You should not forget he tried to trial Quayson every passing day using his power as the Attorney General.
Power corrupts, and absolute power corrupts absolutely. Even if you don't sleep with your wife, it will be grounds t ...
read full comment