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.
Bawumia was the Chairman of the Ghana National Economic Management Committee but he says that he was the Drivers Mate. How can a driver's mate do this when he claims he never had the chance to implement anything in government because the powers that be did not allow him. Yet he wants to claim credit for any good things that he never did yet will refuse to accept responsibility for any failure in their government. How stupid does this man think we are? You took the cedi from 4 to 17 and still had the audacity to tell us the rate of depreciation at that time was better than the previous NDC administration. What at all does this man take us for? Does he think we're stupid or what? Someone should tell this man that we haven't forgotten about the DDEP haircuts and surely we shall punish the npp again come 2028.
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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prophet mohammed was a sick dog 2 months ago
Say no to islam and convert to a real religion.
Allah is satanic scum and qur'an is toilet paper................Search online for ways to move away from evil islam. You can join ex-muslim groups online and be safe... ... read full comment
Say no to islam and convert to a real religion.
Allah is satanic scum and qur'an is toilet paper................Search online for ways to move away from evil islam. You can join ex-muslim groups online and be safe................you are not alone.
Indeed, Allah is with the patient. Qur’an - 2:153 2 months ago
O Allah, grant us patience like the Prophet ﷺ. Keep us firm upon the truth. Unite the hearts of the Muslims. Protect our brothers and sisters around the world. Grant victory to the oppressed.
O Allah, grant us patience like the Prophet ﷺ. Keep us firm upon the truth. Unite the hearts of the Muslims. Protect our brothers and sisters around the world. Grant victory to the oppressed.
Frank Agyena-Karikari 2 months ago
Hahahaha. Bawumia is the DONT TOUCH ME washing soap and NSOKODUA chewing stick of all Ghanaians. Hahahaha. I remember those SCARCITY DAYS oo Julor Jeremiah Rawlings when there was the situation where people had to queue to bu ... read full comment
Hahahaha. Bawumia is the DONT TOUCH ME washing soap and NSOKODUA chewing stick of all Ghanaians. Hahahaha. I remember those SCARCITY DAYS oo Julor Jeremiah Rawlings when there was the situation where people had to queue to buy everything, including even uncooked Kenkey, Keta Schoolboys fish and Ewura Afua fish to prepare them at home for the Family Dinner. Yes, those days, children and their families are once a day. Yes, students at the Boarding and Lodging Schools ate Pinto Beans and cooked Cassava for Lunch or Supper. Those were the Evil days of Julor Jeremiah Rawlings’ Reign of Terror. Everywhere people went to, they had to walk. There was no Fuel for vehicles to transport people.? Walked from Koforidua to Suhum a couple of times, and from Nsawam to Accra on two occasions. There were no alternatives. You have to find any secluded place to spend the night if caught by the Curfew. These are some of the reasons I have never been someone who liked Rawhide Rawshit Rawlings. The situation in the early days of that nonsensical AFRC was just like the Situation in Afghanistan. The only difference is that in Ghana, there were not that many murders and restrictions. Yes, we lived in Hell on Earth. And that monster was given a State Burial. Let him enjoy in Hell now that his wife has joined him.
K Poku-London-UK 2 months ago
There should NOT be a President from the North of Ghana after President Mahama. Enough is Enough. Southerners stop being afraid to tell the TRUTH. There should be equity and fairness. Replace Bawumia. Bawumia is a LIAR . Do y ... read full comment
There should NOT be a President from the North of Ghana after President Mahama. Enough is Enough. Southerners stop being afraid to tell the TRUTH. There should be equity and fairness. Replace Bawumia. Bawumia is a LIAR . Do you see ALL the Northerners supporting Bawumia. How many votes does the NPP get from the Northern Regions of Ghana?????????????????????????????????????????
Looting Brigade Thieves 2 months ago
If the 8 years' akyempanzee rule made it possible indeed. For judges to be procured to handle mafia cases of interest. Then Ghana is at self-destruct thresholds
If the 8 years' akyempanzee rule made it possible indeed. For judges to be procured to handle mafia cases of interest. Then Ghana is at self-destruct thresholds
Looting Brigade Thieves 2 months ago
Then truly, Torkornoo descended too low. Then the motherland indeed shaved too close, to the likes of Haiti. As in Tom Tom Makut. Eihh, akuffo-addo & bawumia !
Then truly, Torkornoo descended too low. Then the motherland indeed shaved too close, to the likes of Haiti. As in Tom Tom Makut. Eihh, akuffo-addo & bawumia !
Frank Agyena-Karikari 2 months ago
But during Akuffo Addo’s tenure, Judges were not abdicated from home during Curfew Hours and murdered. Such wickedness and atrocities took place under JULOR Jeremiah Rawlings. That evil Anlo Ewe Bastard and the son of a pro ... read full comment
But during Akuffo Addo’s tenure, Judges were not abdicated from home during Curfew Hours and murdered. Such wickedness and atrocities took place under JULOR Jeremiah Rawlings. That evil Anlo Ewe Bastard and the son of a prostitute.Who is his father and how did his mother become pregnant? Prostituting. That is why his Scottish father disowned him and even refused to meet him when he secretly went to London to look for his father. I think that that is enough disgrace to him and a bitter humiliation.
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.
Bawumia was the Chairman of the Ghana National Economic Management Committee but he says that he was the Drivers Mate. How can a driver's mate do this when he claims he never had the chance to implement anything in government because the powers that be did not allow him. Yet he wants to claim credit for any good things that he never did yet will refuse to accept responsibility for any failure in their government. How stupid does this man think we are? You took the cedi from 4 to 17 and still had the audacity to tell us the rate of depreciation at that time was better than the previous NDC administration. What at all does this man take us for? Does he think we're stupid or what? Someone should tell this man that we haven't forgotten about the DDEP haircuts and surely we shall punish the npp again come 2028.
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.
=-=====------
==-=-=-=-
SURVIVAL. 2 months ago
You fools think northerners are the only people in mother Ghana,for Mahama to leave the scene and then bring another northerner?This will be an insult to the Southerners.This Bawumia couldn't controlled Ken Ofori-Attah,how ca ... read full comment
You fools think northerners are the only people in mother Ghana,for Mahama to leave the scene and then bring another northerner?This will be an insult to the Southerners.This Bawumia couldn't controlled Ken Ofori-Attah,how can he controlled the whole Ghana?
Kay 2 months ago
Always spewing nonsense......Dis Alhasssan Tampuli guy paaaaa...
Always spewing nonsense......Dis Alhasssan Tampuli guy paaaaa...
OPPONG 2 months ago
THIS STUPID USELESS FOOL CALLED BAWUMIA. THIS STINKING SMELLING TANNI ABOA WHO COULD ONLY SECURE 41 PERCENT. HE HAD ZERO VOYES IN 32 POLLING STATIONS IN THE NORTH. HE LOST IN ALL ZONGOS AND MUSLIM COMMUNITIES ALL OVER GHANA E ... read full comment
THIS STUPID USELESS FOOL CALLED BAWUMIA. THIS STINKING SMELLING TANNI ABOA WHO COULD ONLY SECURE 41 PERCENT. HE HAD ZERO VOYES IN 32 POLLING STATIONS IN THE NORTH. HE LOST IN ALL ZONGOS AND MUSLIM COMMUNITIES ALL OVER GHANA EXCEPT WINNEBA. THIS FLIMSY USELESS ECONOMIST CALLED BAWUMIA. HE PROMOTES TRIBAL POLITICS IN THE NORTH AND COM3S TO THE SOUTH AND ASKS FOR UNITY
DELEGATES,WHAT DID YOU GAIN BY VOTING FOR BAWUMIA AND AKUFFO ADDO. THEY HAVE STOLEN SO MUCH MONEY AND OUR INYELLIGENCE HAS SHOWN HE IS READY TO PAY DELEGATES TWO THOUSAND DOLLARS EACH
DELEGATES, BAWUMIA IS NOT A LEADER. WHERE ARE HIS ECONOMIC LECTURES. IF THE FUNDAMENTALS ARE WEAK ,THE 3XCHANGE RATE WOULD EXPOSE YOU. WHEN THIS IMBECILE BAWUMIA WAD MADE THE HEAD OF THE ECONOMIC MANAGEMENT TEAM, WHAT WAS THE EXCHANGE RATE. HE IS AN IDIOT. ONLY CORRUPT AND CRIMINALS SUPPORT BAWUMIA. THOSE WHO HAVE STOLEN MONEY WITH THE HOPE THAT ,WHEN HE MISTAKENLY BECOMES PRESIDENT, THEY CAN ENJOY THEIR STOLEN MONEY. DELEGATES, I KNOW YOU ARE WISER AND MORE INTELLIGENT THAN BAWUMIA AND HIS CORRUPT SUPPORTERS. YOU WILL NEVER VOTE FOR HIM. HE CAN NEVER WIN POWER FOR NPP. YOUR CHILDREN HAD TO PAY BRIBES BETWEEN 20,000 AND 30,000 TO GET JOBS IN THE SECURITY SERVICES. YOU PAID,BUT YOUR CHILDREN DID. NOT GET THE JOBS. NO GHANAIAN WHO IS SANE WOULD VOTE FOR A STUPID AND INCOMPETENT PERSON LIKE BAWUMIA. HE IS A PATHOLOGICAL LIAR,AN IDIOT AND HAS NO LEADERSHIP QUALITIES. TODAY, HE RUNS AWAY WHEN HE HEARS EVEN
Jkmee 2 months ago
NPP nanaborrowmia thinks Ghanaians are fools. After JDM the presidency must come from the South. If it happens that NDC goes for the notherner Ghanaians will go for NDC again
NPP nanaborrowmia thinks Ghanaians are fools. After JDM the presidency must come from the South. If it happens that NDC goes for the notherner Ghanaians will go for NDC again
Ataa Obeng site 19 Tema 2 months ago
Hahahaha, Bawumia is your E- LEVY which constructed all the roads in Ghana
Hahahaha, Bawumia is your E- LEVY which constructed all the roads in Ghana
Truth 2 months ago
@Survival let us stop tribal politics and bigotry.
Ghana is made up of a COAT OF MANY COLOURS.
If we come together in our many colours we build our nation together with our diverse potentials as people with one destiny. In ... read full comment
@Survival let us stop tribal politics and bigotry.
Ghana is made up of a COAT OF MANY COLOURS.
If we come together in our many colours we build our nation together with our diverse potentials as people with one destiny. In this lies our strength to make an envious place to live and thrive.
So there is no need whipping tribal sentiments which will only divide us rather than bringing us together.
K Poku-London-UK 2 months ago
There should NOT be a President from the North of Ghana after President Mahama. Enough is Enough. Southerners stop being afraid to tell the TRUTH. There should be equity and fairness. Replace Bawumia. Bawumia is a LIAR . Do y ... read full comment
There should NOT be a President from the North of Ghana after President Mahama. Enough is Enough. Southerners stop being afraid to tell the TRUTH. There should be equity and fairness. Replace Bawumia. Bawumia is a LIAR . Do you see ALL the Northerners supporting Bawumia. How many votes does the NPP get from the Northern Regions of Ghana??????????????????????
Ujah 2 months ago
Looking at the products npp is bringing to sell at the Ghanaian market, they are going to stay in poverty for a long time.
The name orange to pound fufu alone is enough for no Ghanaian to pull his or her wallet.
Looking at the products npp is bringing to sell at the Ghanaian market, they are going to stay in poverty for a long time.
The name orange to pound fufu alone is enough for no Ghanaian to pull his or her wallet.
Justrac Africa Ltd 2 months ago
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. rewewe ... read full comment
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. rewewee
Jim 2 months ago
Unfortunately, that could not wash your dirty political lined stained by the corrupt Akkufo-Addo government, neither was it able to clean the shit-hole mouths of the likes of Napo, Abronye and the rest of them, leading to the ... read full comment
Unfortunately, that could not wash your dirty political lined stained by the corrupt Akkufo-Addo government, neither was it able to clean the shit-hole mouths of the likes of Napo, Abronye and the rest of them, leading to the shameful defeat of the party in the 2024 elections. It looks like there is no sensible person in the NPP to advise on how the party people speak in public. Bawumia is a defeated candidate, a rejected item that should be put away for a refreshed candidate.
No, he is your Ak3shaa, nmoa!
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
Say no to islam and convert to a real religion.
Allah is satanic scum and qur'an is toilet paper................Search online for ways to move away from evil islam. You can join ex-muslim groups online and be safe... ...
read full comment
O Allah, grant us patience like the Prophet ﷺ. Keep us firm upon the truth. Unite the hearts of the Muslims. Protect our brothers and sisters around the world. Grant victory to the oppressed.
Hahahaha. Bawumia is the DONT TOUCH ME washing soap and NSOKODUA chewing stick of all Ghanaians. Hahahaha. I remember those SCARCITY DAYS oo Julor Jeremiah Rawlings when there was the situation where people had to queue to bu ...
read full comment
There should NOT be a President from the North of Ghana after President Mahama. Enough is Enough. Southerners stop being afraid to tell the TRUTH. There should be equity and fairness. Replace Bawumia. Bawumia is a LIAR . Do y ...
read full comment
If the 8 years' akyempanzee rule made it possible indeed. For judges to be procured to handle mafia cases of interest. Then Ghana is at self-destruct thresholds
Then truly, Torkornoo descended too low. Then the motherland indeed shaved too close, to the likes of Haiti. As in Tom Tom Makut. Eihh, akuffo-addo & bawumia !
But during Akuffo Addo’s tenure, Judges were not abdicated from home during Curfew Hours and murdered. Such wickedness and atrocities took place under JULOR Jeremiah Rawlings. That evil Anlo Ewe Bastard and the son of a pro ...
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
You fools think northerners are the only people in mother Ghana,for Mahama to leave the scene and then bring another northerner?This will be an insult to the Southerners.This Bawumia couldn't controlled Ken Ofori-Attah,how ca ...
read full comment
Always spewing nonsense......Dis Alhasssan Tampuli guy paaaaa...
THIS STUPID USELESS FOOL CALLED BAWUMIA. THIS STINKING SMELLING TANNI ABOA WHO COULD ONLY SECURE 41 PERCENT. HE HAD ZERO VOYES IN 32 POLLING STATIONS IN THE NORTH. HE LOST IN ALL ZONGOS AND MUSLIM COMMUNITIES ALL OVER GHANA E ...
read full comment
NPP nanaborrowmia thinks Ghanaians are fools. After JDM the presidency must come from the South. If it happens that NDC goes for the notherner Ghanaians will go for NDC again
Hahahaha, Bawumia is your E- LEVY which constructed all the roads in Ghana
@Survival let us stop tribal politics and bigotry.
Ghana is made up of a COAT OF MANY COLOURS.
If we come together in our many colours we build our nation together with our diverse potentials as people with one destiny. In ...
read full comment
There should NOT be a President from the North of Ghana after President Mahama. Enough is Enough. Southerners stop being afraid to tell the TRUTH. There should be equity and fairness. Replace Bawumia. Bawumia is a LIAR . Do y ...
read full comment
Looking at the products npp is bringing to sell at the Ghanaian market, they are going to stay in poverty for a long time.
The name orange to pound fufu alone is enough for no Ghanaian to pull his or her wallet.
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. rewewe ...
read full comment
Unfortunately, that could not wash your dirty political lined stained by the corrupt Akkufo-Addo government, neither was it able to clean the shit-hole mouths of the likes of Napo, Abronye and the rest of them, leading to the ...
read full comment