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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. 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 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.
=-=====------
==================================
Kweku Tsin 1 month ago
Odwan, Kwasia, loyalty should be to GHANA, NOT PARTY.
Odwan, Kwasia, loyalty should be to GHANA, NOT PARTY.
Rocket 1 month ago
Wo maame twɛ. He's speaking to his party members. Aboafunu
Wo maame twɛ. He's speaking to his party members. Aboafunu
Alfred 1 month ago
This Adomako Kissi is an idiot. No wonder Jerry Ahmed snatched his Weija Gbawe seat. He speaks like a fool
This Adomako Kissi is an idiot. No wonder Jerry Ahmed snatched his Weija Gbawe seat. He speaks like a fool
Dr Mumbi Seraki 1 month ago
Hello youth of Ghana. You can take your own life with medicine......for instance 15 paracetamol at once. Or combine medicine and akpeteshie or weedicide.
Hello youth of Ghana. You can take your own life with medicine......for instance 15 paracetamol at once. Or combine medicine and akpeteshie or weedicide.
K Poku-London-UK 1 month ago
The TRUTH hurts. That is THE SILENT TRUTH. ASHANTIS WILL NOT VOTE FOR BAWUMIA. Even USA vote on tribal lines. White men and most especially white women refused to vote for Kamala Harris because she is black and Indian heritag ... read full comment
The TRUTH hurts. That is THE SILENT TRUTH. ASHANTIS WILL NOT VOTE FOR BAWUMIA. Even USA vote on tribal lines. White men and most especially white women refused to vote for Kamala Harris because she is black and Indian heritage. The USA whites voted for Trump even though they knew that Donald Trump is a racist and a bigot. We all vote on tribal lines and so be warned the SILENT MAJORITY SHOULD NOT BE IGNORED. DR Adutwum is the best person. In the USA-the Democratic Party gave Kamala Harris one chance and she LOST to Donald Trump very badly and so the DEMOCRATIC PARTY are looking for a new CANDIDATE. Kamala Harris has moved and she now wants to be the Governor of the State of Carlifornia. Bawumia was given the same chance as Kamala Harris and he BLEW IT. Because Bawumia was part of the corrupt NPP Akuffo Addo government- Bawumia was the Vice President- Chairman of the National Economic Management Committee and he failed with the collapse of the Ghana economy, hardships everywhere, pensioners money stolen by force etc etc. Bawumia IS A FAILED ECONOMIC MESSIAH. Bawumia to go to WALEWALE like Kamala Harris as Vice President of the USA-gone to Carlifornia. Bawumia-you are a LIAR, you are corrupt as Akuffo Addo.
Excuse me- Bawumia HAD THE chance- He was the Vice President for 8 years but he performed VERY POORLY. NDC Mahama won 57% and Bawumia 43%. The North opf Ghana Regions DID NOT VOTE FOR HIM. The reason why Bawumia had the chance in 2024 was the Akuffo Addo bribing Chairman Wontumi with JUICY CONTRACTS, 450 Million US dollars free loan from AXIM bank, Roads Contract etc-then Wontumi being a fool ditched ALAN KYEREMATEN with the Akuffo Addo Akyem Abuakwa plan-BREAK THE 8 YEARS- It did NOT work. NPP lost in HISTORICAL TERMS. Bawumia IS A COLLATERAL DAMAGE- HE is A MAMPRUSI AND THE BAWKU CONFLICT IS BETWEEN THE MANPRUSIS AND THE KUSASIS- BAWUMIA IS A THREAT TO GHANA NATIONAL SECURITY. BAWUMIA IS ALSO A MUSLIM. THEN DR ADUTWUM IS THE NEXT BEST ALTERNATIVE
===================
Steve Kaye London 1 month ago
@ K Poku, don't forget that about 85% of Akans prefer Dr.Bawumia to lead the party. He will be voted to be the flag bearer come 31st. January 2026 and majority of the voters will be Akans.
@ K Poku, don't forget that about 85% of Akans prefer Dr.Bawumia to lead the party. He will be voted to be the flag bearer come 31st. January 2026 and majority of the voters will be Akans.
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)..khvvg
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. 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 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.
=-=====------
=======================
K Poku-London-UK 1 month ago
The TRUTH hurts. That is THE SILENT TRUTH. ASHANTIS WILL NOT VOTE FOR BAWUMIA. Even USA vote on tribal lines. White men and most especially white women refused to vote for Kamala Harris because she is black and Indian heritag ... read full comment
The TRUTH hurts. That is THE SILENT TRUTH. ASHANTIS WILL NOT VOTE FOR BAWUMIA. Even USA vote on tribal lines. White men and most especially white women refused to vote for Kamala Harris because she is black and Indian heritage. The USA whites voted for Trump even though they knew that Donald Trump is a racist and a bigot. We all vote on tribal lines and so be warned the SILENT MAJORITY SHOULD NOT BE IGNORED. DR Adutwum is the best person. In the USA-the Democratic Party gave Kamala Harris one chance and she LOST to Donald Trump very badly and so the DEMOCRATIC PARTY are looking for a new CANDIDATE. Kamala Harris has moved and she now wants to be the Governor of the State of Carlifornia. Bawumia was given the same chance as Kamala Harris and he BLEW IT. Because Bawumia was part of the corrupt NPP Akuffo Addo government- Bawumia was the Vice President- Chairman of the National Economic Management Committee and he failed with the collapse of the Ghana economy, hardships everywhere, pensioners money stolen by force etc etc. Bawumia IS A FAILED ECONOMIC MESSIAH. Bawumia to go to WALEWALE like Kamala Harris as Vice President of the USA-gone to Carlifornia. Bawumia-you are a LIAR, you are corrupt as Akuffo Addo.
Excuse me- Bawumia HAD THE chance- He was the Vice President for 8 years but he performed VERY POORLY. NDC Mahama won 57% and Bawumia 43%. The North opf Ghana Regions DID NOT VOTE FOR HIM. The reason why Bawumia had the chance in 2024 was the Akuffo Addo bribing Chairman Wontumi with JUICY CONTRACTS, 450 Million US dollars free loan from AXIM bank, Roads Contract etc-then Wontumi being a fool ditched ALAN KYEREMATEN with the Akuffo Addo Akyem Abuakwa plan-BREAK THE 8 YEARS- It did NOT work. NPP lost in HISTORICAL TERMS. Bawumia IS A COLLATERAL DAMAGE- HE is A MAMPRUSI AND THE BAWKU CONFLICT IS BETWEEN THE MANPRUSIS AND THE KUSASIS- BAWUMIA IS A THREAT TO GHANA NATIONAL SECURITY. BAWUMIA IS ALSO A MUSLIM. THEN DR ADUTWUM IS THE NEXT BEST ALTERNATIVE
======================
Of 1 month ago
Is that the 1st time Ghana has gone to imf
Is that the 1st time Ghana has gone to imf
kulbugo 1 month ago
This stupid failed former mp must go straight to the point and beating about the bush, if he wanna declare his support to any other candidate he can do that without any malice, we are tired of some politicians trying to see e ... read full comment
This stupid failed former mp must go straight to the point and beating about the bush, if he wanna declare his support to any other candidate he can do that without any malice, we are tired of some politicians trying to see everybody as bunch of fools,
Kobina Boafo 1 month ago
It's rather unfortunate that Adomako Kissi is a very urbane , intelligent and sophisticated man, he ought to be running for leadership of NPP.
It's rather unfortunate that Adomako Kissi is a very urbane , intelligent and sophisticated man, he ought to be running for leadership of NPP.
Justrac Africa LTD 1 month ago
Website could help you get more customers and look more professional. At Justrac Africa we build clean, quality websites for small businesses like yours. Cost:1,500Gh. Domain, hosting & designing. Call/WhatsApp: 0501796870 Oe ... read full comment
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TECH 1 month ago
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Jeopardy 1 month ago
Nonsense! Who should be loyal you while politicians children are sent abroad to school. Innocent people who can't think outside the box being used and dumped.
Nonsense! Who should be loyal you while politicians children are sent abroad to school. Innocent people who can't think outside the box being used and dumped.
Yabi Yabi 1 month ago
There shouldn't be a civil organization or political party cause that requires absolute loyalty of its members; unity above conflict yes; resolving interpersonal disputes yes but never compromise moral principles for party o ... read full comment
There shouldn't be a civil organization or political party cause that requires absolute loyalty of its members; unity above conflict yes; resolving interpersonal disputes yes but never compromise moral principles for party or tribal loyalty over country.
A citizen's loyalty must be to country.
Joy 1 month ago
Npp my party has now turned thiefy party. Shame unto nana addo for diverting the leadership of npp.
Npp my party has now turned thiefy party. Shame unto nana addo for diverting the leadership of npp.
, , Bank wire transfer to all countries
We are sending wire transfer and direct flashing to any country
Chase wasap him 0 04 47853053870
Capital one bank
PNC
Access bank
TD bank
And other banks accepted
Bank ...
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
Odwan, Kwasia, loyalty should be to GHANA, NOT PARTY.
Wo maame twɛ. He's speaking to his party members. Aboafunu
This Adomako Kissi is an idiot. No wonder Jerry Ahmed snatched his Weija Gbawe seat. He speaks like a fool
Hello youth of Ghana. You can take your own life with medicine......for instance 15 paracetamol at once. Or combine medicine and akpeteshie or weedicide.
The TRUTH hurts. That is THE SILENT TRUTH. ASHANTIS WILL NOT VOTE FOR BAWUMIA. Even USA vote on tribal lines. White men and most especially white women refused to vote for Kamala Harris because she is black and Indian heritag ...
read full comment
@ K Poku, don't forget that about 85% of Akans prefer Dr.Bawumia to lead the party. He will be voted to be the flag bearer come 31st. January 2026 and majority of the voters will be Akans.
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
The TRUTH hurts. That is THE SILENT TRUTH. ASHANTIS WILL NOT VOTE FOR BAWUMIA. Even USA vote on tribal lines. White men and most especially white women refused to vote for Kamala Harris because she is black and Indian heritag ...
read full comment
Is that the 1st time Ghana has gone to imf
This stupid failed former mp must go straight to the point and beating about the bush, if he wanna declare his support to any other candidate he can do that without any malice, we are tired of some politicians trying to see e ...
read full comment
It's rather unfortunate that Adomako Kissi is a very urbane , intelligent and sophisticated man, he ought to be running for leadership of NPP.
Website could help you get more customers and look more professional. At Justrac Africa we build clean, quality websites for small businesses like yours. Cost:1,500Gh. Domain, hosting & designing. Call/WhatsApp: 0501796870 Oe ...
read full comment
8
Chat me on WhatsApp via +2348080471602 to Learn how to hack your husband,wife,girLfriend,boyfriend's WhatsApp & be getting their chats secretLy on your phone.i can broadcast your goods,products,services & offers to miLLion ...
read full comment
Nonsense! Who should be loyal you while politicians children are sent abroad to school. Innocent people who can't think outside the box being used and dumped.
There shouldn't be a civil organization or political party cause that requires absolute loyalty of its members; unity above conflict yes; resolving interpersonal disputes yes but never compromise moral principles for party o ...
read full comment
Npp my party has now turned thiefy party. Shame unto nana addo for diverting the leadership of npp.