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)..jdnd.
K Poku-London-UK 1 month 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.
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Andropov 1 month ago
Aye ka. Just plead guilty, get jailed quickly and finish the 50 year sentence early. You are a terrible thief
Aye ka. Just plead guilty, get jailed quickly and finish the 50 year sentence early. You are a terrible thief
@Andropov. A Big "No" to 50 1 month ago
50 years is too small. Their sentence must be 88 years each. So that 'Mighty 88' can hit the streets. Why their highly Revered Crown Figure 8-breaking-8, was misused.
50 years is too small. Their sentence must be 88 years each. So that 'Mighty 88' can hit the streets. Why their highly Revered Crown Figure 8-breaking-8, was misused.
socates 1 month ago
How is the Govement going to collect these huge sums of money from these criminals pen and paper unless by the barrel of a gun
How is the Govement going to collect these huge sums of money from these criminals pen and paper unless by the barrel of a gun
Donatus 1 month ago
Majority of Ghanaians are either Christian or Muslem. Just look at all the accused persons, Christians and Muslims. Big disappointment. Ban them or allow them?
Majority of Ghanaians are either Christian or Muslem. Just look at all the accused persons, Christians and Muslims. Big disappointment. Ban them or allow them?
Kwame Angel 1 month ago
Let's bring back the death penalty.
Let's bring back the death penalty.
Jay Swiss 1 month ago
Please don’t jail them! Seize their assets and whatever, leave them empty handed and let them work for the state in a farm or sweep our streets until they are pensioned. This is will be the best way of treating criminals of ... read full comment
Please don’t jail them! Seize their assets and whatever, leave them empty handed and let them work for the state in a farm or sweep our streets until they are pensioned. This is will be the best way of treating criminals of this nature.
kulbogo 1 month ago
With all these number of disgraces that this guy is going through. sometimes is it even worthy it for one to assume leadership position, To lead is to serve people with dignity n humility,
With all these number of disgraces that this guy is going through. sometimes is it even worthy it for one to assume leadership position, To lead is to serve people with dignity n humility,
K Poku-London-UK 1 month 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.
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John Akoglo 1 month ago
Fine gentleman but a criminal thief.Theteno way to find the mind expressions on the face.A stunch follower of Dr Bawumia
Fine gentleman but a criminal thief.Theteno way to find the mind expressions on the face.A stunch follower of Dr Bawumia
Jay Swiss 1 month ago
Are they arrested? What are you waiting for? You have the evidence, so let’s see action now. No tactics please! You went for Wotumi, Boahene and Dr. Sledge immediately why not these guys now? These guys are criminals. Why a ... read full comment
Are they arrested? What are you waiting for? You have the evidence, so let’s see action now. No tactics please! You went for Wotumi, Boahene and Dr. Sledge immediately why not these guys now? These guys are criminals. Why are they still not arrested? Is it because they’re unarmed criminals or what?
Joy 1 month ago
Nana addo is as thief as his appointees
Nana addo is as thief as his appointees
Ethics Dilemma 1 month ago
Where is the 24 hours economy? Not 24 charges ecology gymnastics gyimii to hoodwink the hungry Ghanaians. Apuuuuu
Where is the 24 hours economy? Not 24 charges ecology gymnastics gyimii to hoodwink the hungry Ghanaians. Apuuuuu
Ethics Dilemma 1 month ago
Everybody is a thief in Ghana - when they haven’t caught you, praise your ‘God’ and come here to run your mouth. Which party had power in Ghana and didn’t steal? Maybe Dr Liman. The rest are clever thieves they use p ... read full comment
Everybody is a thief in Ghana - when they haven’t caught you, praise your ‘God’ and come here to run your mouth. Which party had power in Ghana and didn’t steal? Maybe Dr Liman. The rest are clever thieves they use people like these idiots ( standing accuse over-here), even their brothers could amass wealth overnight- but they are too clever to be caught. The political parties are in bed with each other so that the main players (ex presidents and their kins) will always go Scot free - then their veranda boys - the idiots will face the music- oh what our world full of deception! Oh Lord Jesus, thy Kingdom come. Thy will be done in Ghana (discernment to all corners of earth) as it’s in Heaven- Amen!!!!
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
Aye ka. Just plead guilty, get jailed quickly and finish the 50 year sentence early. You are a terrible thief
50 years is too small. Their sentence must be 88 years each. So that 'Mighty 88' can hit the streets. Why their highly Revered Crown Figure 8-breaking-8, was misused.
How is the Govement going to collect these huge sums of money from these criminals pen and paper unless by the barrel of a gun
Majority of Ghanaians are either Christian or Muslem. Just look at all the accused persons, Christians and Muslims. Big disappointment. Ban them or allow them?
Let's bring back the death penalty.
Please don’t jail them! Seize their assets and whatever, leave them empty handed and let them work for the state in a farm or sweep our streets until they are pensioned. This is will be the best way of treating criminals of ...
read full comment
With all these number of disgraces that this guy is going through. sometimes is it even worthy it for one to assume leadership position, To lead is to serve people with dignity n humility,
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
Fine gentleman but a criminal thief.Theteno way to find the mind expressions on the face.A stunch follower of Dr Bawumia
Are they arrested? What are you waiting for? You have the evidence, so let’s see action now. No tactics please! You went for Wotumi, Boahene and Dr. Sledge immediately why not these guys now? These guys are criminals. Why a ...
read full comment
Nana addo is as thief as his appointees
Where is the 24 hours economy? Not 24 charges ecology gymnastics gyimii to hoodwink the hungry Ghanaians. Apuuuuu
Everybody is a thief in Ghana - when they haven’t caught you, praise your ‘God’ and come here to run your mouth. Which party had power in Ghana and didn’t steal? Maybe Dr Liman. The rest are clever thieves they use p ...
read full comment