The NPP FLAGBEARERSHIP election is an undemocratic experiment because why is the defeated 2024 NPP Executives still in power? Those NPP party Executives should have resigned enmass for new Executives to be elected but through ... read full comment
The NPP FLAGBEARERSHIP election is an undemocratic experiment because why is the defeated 2024 NPP Executives still in power? Those NPP party Executives should have resigned enmass for new Executives to be elected but through one party state shenanigans by Akuffo Addo Akyem Abuakwa CRIMINALS have manipulated the NPP Elders with bribes but the Ghana electorate are not fools. Bawumia was 100% part and parcel of the hated Akuffo Addo arrogant government. It is one party dictatorship by the TINY POPULATION Akyems.====---====== Bawumia is the CRIMINAL Akuffo Addo BORROW AND STEAL AND STEAL VERSION 2.
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 ou ... 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.
=-=====------
Dr Mumbi Seraki 2 months 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.
The Motherland 2 months ago
This recruit from Pantang Hospital aka MUMBI SERAKI continues to terrorise this platform with his nonsense whiles refusing to take a dose of his own poisons
This recruit from Pantang Hospital aka MUMBI SERAKI continues to terrorise this platform with his nonsense whiles refusing to take a dose of his own poisons
Winwin 2 months ago
You guys never learn. You did this prior to the last elections, it didn’t work for you but you are doing the same thing again. It is only a fool who will keep doing the same thing over and over again and expect to get a dif ... read full comment
You guys never learn. You did this prior to the last elections, it didn’t work for you but you are doing the same thing again. It is only a fool who will keep doing the same thing over and over again and expect to get a different result. Am sure the next story will be that that a poll puts Bawumia ahead with 80% of the votes.
Mad dog 2 months ago
As for npp leaders ,you are indeed not smart at all...looks like you like to be in opposition....I won't vote for a Muslim... never!!!!
As for npp leaders ,you are indeed not smart at all...looks like you like to be in opposition....I won't vote for a Muslim... never!!!!
The NPP FLAGBEARERSHIP election is an undemocratic experiment because why is the defeated 2024 NPP Executives still in power? Those NPP party Executives should have resigned enmass for new Executives to be elected but through ...
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 ou ...
read full comment
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.
This recruit from Pantang Hospital aka MUMBI SERAKI continues to terrorise this platform with his nonsense whiles refusing to take a dose of his own poisons
You guys never learn. You did this prior to the last elections, it didn’t work for you but you are doing the same thing again. It is only a fool who will keep doing the same thing over and over again and expect to get a dif ...
read full comment
As for npp leaders ,you are indeed not smart at all...looks like you like to be in opposition....I won't vote for a Muslim... never!!!!
HA HA HAAAAA HA HAAAAA.
KEEP DREAMING