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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Catfish 1 month ago
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K Poku-London-UK 1 month ago
I do NOT support the NPP or the NDC. I have NEVER voted in Ghana. But the Attorney General-AG is the LAWYER for every Ghanaian. The Ghana Electorate voted massively for the NDC in Dec 2024 and their MANIFESTO commitment was O ... read full comment
I do NOT support the NPP or the NDC. I have NEVER voted in Ghana. But the Attorney General-AG is the LAWYER for every Ghanaian. The Ghana Electorate voted massively for the NDC in Dec 2024 and their MANIFESTO commitment was ORAL.
Dr Bawumia, pls aren't you embarrassed by revelations at the PAC on revelations of crime committed by the very people u and Akuffo Addo appointed to run affairs of this country?. What record are u going to defend. I have lost respect for you. A muslim without intergrity.
The Attorney General as the LAWYER for ALL GHANAIANS are DUTY BOUND to inform Ghanaians about the TRUTH. The A-G is doing his duty and informing the Ghana Electorate the work he is doing.
The NPP borrowed over $1.5 trillion US DOLLARS and Looted and Looted them All.
Ghana could NOT pay its international loans and interests in 2022. Ghana defaulted on its international loans and interest commitments. That was WHY Akuffo Addo-THE THIEF, Ken Oforo Atta-THE THIEF, Dr Economic Messiah BAWUMIA-Chairman of the GHANA ECONOMIC MANAGEMENT COMMITTEE, Dr OSAFO Marfo etc took Ghana again to the IMF/World Bank cup in hand TO BEG for a bailout. One of the conditions of the IMF/World Bank bailout negotiation was that-Ghana IS BANNED FROM THE INTERNATIONAL FINANCIAL MARKETS/CAPITAL MARKETS until 2026 or after-until our micro-economic situation is improved. GHANA IS A FAILED STATE. Akuffo Addo Government was borrowing from the THIRD ECONOMY-OR BLACK MARKET ECONOMY PAYING HIGHER SHORT TERM INTEREST PAYMENTS-LIKE YOU BORROW $3 million and you pay back $5.5 million within 4 weeks etc etc.
These NPP crooks STOLE AND STOLE AND STOLE WITHOUT CONSCIENCE. VERY SAD-THE NPP CROOKS ARE NOT PATRIOTIC- THEY HATED GHANA.=========================================
JESUS IS GOD 1 month 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)..jsjsj
The dead goat through the gathering at Senkyi 1 month ago
We don't not have short memories?
We don't not have short memories?
Kwasi Addai 1 month ago
Bawumia is too stupid to be a President. He can be the presidential candidate for the Nkwaseafo People's Party, after all, NPP members are known to be stupid. Only nation wreckers, thieves and liars. ORAL is catching up with ... read full comment
Bawumia is too stupid to be a President. He can be the presidential candidate for the Nkwaseafo People's Party, after all, NPP members are known to be stupid. Only nation wreckers, thieves and liars. ORAL is catching up with them one-by-one. All wise Ghanaians are waiting for the disintegration of the NPP from 31.01.2026.
Nana 1 month ago
Dr Bawumia is still popular than President Mahama. The Total votes of Mahama in 2020 & 2024 were the same, and there was no way NDC could have won.The bad behaviour of some NPP elements provoked that apathy.
Dr Bawumia is still popular than President Mahama. The Total votes of Mahama in 2020 & 2024 were the same, and there was no way NDC could have won.The bad behaviour of some NPP elements provoked that apathy.
Wow 1 month ago
Risk bringing corrupt and jonky Bawumia, and we shall teach you guys a big Lesson 2028 and Beyond.
Risk bringing corrupt and jonky Bawumia, and we shall teach you guys a big Lesson 2028 and Beyond.
SP 1 month ago
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FTT 1 month ago
DR BAWUMIA is the people's choice
DR BAWUMIA is the people's choice
Rejects Anything Has To Do With Npp 1 month ago
Non Of Their Socalled Npp Candidates Have The Morals Qualifications They Are Remnants Of Corrupts Unpatiotic Nepotic Visionless Lawless Crazie ,France Agent Saboteur Akuffo Addo, Ken Ofori Attah,Bawumia ,Regime Of Crimina ... read full comment
Non Of Their Socalled Npp Candidates Have The Morals Qualifications They Are Remnants Of Corrupts Unpatiotic Nepotic Visionless Lawless Crazie ,France Agent Saboteur Akuffo Addo, Ken Ofori Attah,Bawumia ,Regime Of Criminalism Ever Commited in Our History REJECTS. THESE NPP CRIMINALS THEY HAVE ABSOLUTELY NOTHING GOOD ZERO VISIONS FOR OUR COUNTRY SOCIO ECONOMIC POLITICAL DEVOLOPMENTS
DINA 1 month ago
KEERP DREAMING,BAWUMIA WILL LOSE
KEERP DREAMING,BAWUMIA WILL LOSE
Justrac Africa Ltd 1 month ago
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Jim 1 month ago
Why is Bawumia going round the country campaigning as if the election is tomorrow? Now his wife has also joined the campaign bandwagon. Bawumia enjoys these fake adorations and praises forgetting that he is indirectly paying ... read full comment
Why is Bawumia going round the country campaigning as if the election is tomorrow? Now his wife has also joined the campaign bandwagon. Bawumia enjoys these fake adorations and praises forgetting that he is indirectly paying for such praises. That makes him appear like a political buffoon, being deceived for his money and not his quality as a presidential material. He experienced these similar praises and large crouds during his earlier political campaign, and Ghanaians gave the verdict with his abysmal performance and disgrace. So why does he believe such praises are worth fighting for again? He will learn after his next political defeat.
OGyam 1 month ago
@Westren North Fools,Bawumia and his sidekock Wontumi have destroyed the two mjor river Rivers Tano and Bia that has sustained the people of Sefwi for generations through galamsey. And, here we are with some fools within the ... read full comment
@Westren North Fools,Bawumia and his sidekock Wontumi have destroyed the two mjor river Rivers Tano and Bia that has sustained the people of Sefwi for generations through galamsey. And, here we are with some fools within the Western North clapping their hands and cheering for the same thief such as Bawumia to come back a ply more misery upon them. Do those who belong to the corrupt party called NPP in Ghana actually think or they are conditioned not to? Just look at the state of River Bia and Tano, once mighty and fast flowing rivers now reduced to mere poisoned puddles making life hell for most Sefwi people who depend on those rivers. And, some idiots amongst them are clamouring for the return of Bawumia and Wontumi via their surrogate thief such as William Benjamin Assuah. NPP is a corrupt party that will never,ever bring any improvement to the Western North. Reject them outright.
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
Buy your catfish Juveniles from us with as little as 2 cedis per fish to start your business and also get free guidance and training to help you succeed, we also have fish feed and tanks available on sale. 0265583388
####~ ...
read full comment
I do NOT support the NPP or the NDC. I have NEVER voted in Ghana. But the Attorney General-AG is the LAWYER for every Ghanaian. The Ghana Electorate voted massively for the NDC in Dec 2024 and their MANIFESTO commitment was O ...
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
We don't not have short memories?
Bawumia is too stupid to be a President. He can be the presidential candidate for the Nkwaseafo People's Party, after all, NPP members are known to be stupid. Only nation wreckers, thieves and liars. ORAL is catching up with ...
read full comment
Dr Bawumia is still popular than President Mahama. The Total votes of Mahama in 2020 & 2024 were the same, and there was no way NDC could have won.The bad behaviour of some NPP elements provoked that apathy.
Risk bringing corrupt and jonky Bawumia, and we shall teach you guys a big Lesson 2028 and Beyond.
**Get more likes,views,reach and engagements for all your recent posts on Facebook, Instagram, Tiktok, YouTube etc...We will also boost your page for more followers and subscribers: 0244605868
DR BAWUMIA is the people's choice
Non Of Their Socalled Npp Candidates Have The Morals Qualifications They Are Remnants Of Corrupts Unpatiotic Nepotic Visionless Lawless Crazie ,France Agent Saboteur Akuffo Addo, Ken Ofori Attah,Bawumia ,Regime Of Crimina ...
read full comment
KEERP DREAMING,BAWUMIA WILL LOSE
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. hgjghj ...
read full comment
Why is Bawumia going round the country campaigning as if the election is tomorrow? Now his wife has also joined the campaign bandwagon. Bawumia enjoys these fake adorations and praises forgetting that he is indirectly paying ...
read full comment
@Westren North Fools,Bawumia and his sidekock Wontumi have destroyed the two mjor river Rivers Tano and Bia that has sustained the people of Sefwi for generations through galamsey. And, here we are with some fools within the ...
read full comment