Madness. Bawumia mother was an NDC party women organizer's and Bawumia father was NDC President Rawlings Council of State leader and Bawumia brother was an NDC party District Chief Executive DCE. Bawumia took Ghana to the IM ... read full comment
Madness. Bawumia mother was an NDC party women organizer's and Bawumia father was NDC President Rawlings Council of State leader and Bawumia brother was an NDC party District Chief Executive DCE. Bawumia took Ghana to the IMF and the World Bank Cup in hand to beg for a bailout in 2022. An NPP failed economic messiah.
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............y ... 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.
Sisko 2 months ago
Ghanaweb, what work exactly do your so-called "Editors" receive their salary for ?? Look at the caption for the Wontumi picture you have displayed. Now you people are becoming like Primary school writers. Chaaiiii.........
Ghanaweb, what work exactly do your so-called "Editors" receive their salary for ?? Look at the caption for the Wontumi picture you have displayed. Now you people are becoming like Primary school writers. Chaaiiii.........
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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.
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.--------------------------------
Achakanapaya 2 months ago
Concent.
Concent.
Kramai 2 months ago
highly delusional and out of touch with reality
highly delusional and out of touch with reality
Osenase 2 months ago
Does Bawuliar and Npp have a grass let alone root,Get kenected for the future of the grass and the root of the npp.Bawuliar is an NDC SPY
Does Bawuliar and Npp have a grass let alone root,Get kenected for the future of the grass and the root of the npp.Bawuliar is an NDC SPY
Kwadwo 2 months ago
We don't need him
Vote for him yourself
We don't need him
Vote for him yourself
Wow 2 months ago
Akoayi Egyimie.
Akoayi Egyimie.
Osei 2 months ago
How is that Comedian going to win . THAT CRIMINAL PARTY DOESN'T HAVE THE MEN. OH INDEED THE PARTY COLLAPSED. I FORGOT.
How is that Comedian going to win . THAT CRIMINAL PARTY DOESN'T HAVE THE MEN. OH INDEED THE PARTY COLLAPSED. I FORGOT.
Oko 2 months ago
Bawumia is PDS jail bird
Bawumia is PDS jail bird
Nii Joromi 2 months ago
Bring Walwale Adam Smith again at your own peril. He has a PHd concert and lying.
Bring Walwale Adam Smith again at your own peril. He has a PHd concert and lying.
Captain Seidu 2 months ago
Big joke
Big joke
Bawumia has a greasy pole to climb 2 months ago
The man lost miserably in his own backyard, securing zero vote in many polling stations in the North. Where are your men. NPP?
The man lost miserably in his own backyard, securing zero vote in many polling stations in the North. Where are your men. NPP?
Kwasi Addai 2 months ago
Which sensible Ghanaians will vote for a liar like Bawumia?
Which sensible Ghanaians will vote for a liar like Bawumia?
Sam 2 months ago
Kwasiato I will vote for Dr Bawumia
Kwasiato I will vote for Dr Bawumia
Okyere J. 2 months ago
Let Bawumia comes a thousand times, he will lose a thousand times for he and Nana Addo Danquah Akuffo Addo deficient leadership of this nation.
Let Bawumia comes a thousand times, he will lose a thousand times for he and Nana Addo Danquah Akuffo Addo deficient leadership of this nation.
.mr amin 2 months ago
The ndc should use the cedi value to remain in power because cedi appreciation will bring inflation down and that is what Ghanaians want, I disagree with exporters on the application of the cedi, their export hasn't reduced ... read full comment
The ndc should use the cedi value to remain in power because cedi appreciation will bring inflation down and that is what Ghanaians want, I disagree with exporters on the application of the cedi, their export hasn't reduced petrol prices before but the appreciation of the cedi does that which brings relief to Ghanaians
Osei Bonsu pokoase 2 months ago
Bawumia himself knows he is a failure and a deceiver. Bawumia is not someone to be trusted. His level of dishonesty is well noted by Ghanaians. As for wontomi he is the mockery of intellect.Ghana needs bold,pragmatic, discipl ... read full comment
Bawumia himself knows he is a failure and a deceiver. Bawumia is not someone to be trusted. His level of dishonesty is well noted by Ghanaians. As for wontomi he is the mockery of intellect.Ghana needs bold,pragmatic, disciplined and honest leader. And Hon. Kennedy Agyapong is the ideal person Ghana needs.
Asakramitoga 2 months ago
Any Ghanaian who votes for Bawumia should regard himself a big fool for it will be those who enjoyed the npp looted wealth who will do so
Any Ghanaian who votes for Bawumia should regard himself a big fool for it will be those who enjoyed the npp looted wealth who will do so
SP 2 months ago
Do you need any of the following: A New Website, An NGO Website, A Shipping Website, A Banking Website, A School Website, A hotel or Restaurant Website, A sports Website, A Church Website etc...Then contact us and get both we ... read full comment
Do you need any of the following: A New Website, An NGO Website, A Shipping Website, A Banking Website, A School Website, A hotel or Restaurant Website, A sports Website, A Church Website etc...Then contact us and get both website together with all social media services as one Package....www.spotlightafricamedia.net or Whatsapp: 0244289681
Kay 2 months ago
Cheap propaganda......no substance...
Cheap propaganda......no substance...
FTT 2 months ago
DR BAWUMIA is the right person to lead NPP for victory in 2028 elections.
DR BAWUMIA is the right person to lead NPP for victory in 2028 elections.
Yeho 2 months ago
Woa two illiterate deceiving each other one is driving toyota Land cruiser the other is looking for money to buy food. One is planning his way to dig our ground in search of gold forever and the other is looking for just smal ... read full comment
Woa two illiterate deceiving each other one is driving toyota Land cruiser the other is looking for money to buy food. One is planning his way to dig our ground in search of gold forever and the other is looking for just small envelope in order to give his will power out
BB 2 months ago
Fear delegates or polling station agents. Wontumi, don't trust any polling station agent.
Fear delegates or polling station agents. Wontumi, don't trust any polling station agent.
Madness. Bawumia mother was an NDC party women organizer's and Bawumia father was NDC President Rawlings Council of State leader and Bawumia brother was an NDC party District Chief Executive DCE. Bawumia took Ghana to the IM ...
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............y ...
read full comment
Ghanaweb, what work exactly do your so-called "Editors" receive their salary for ?? Look at the caption for the Wontumi picture you have displayed. Now you people are becoming like Primary school writers. Chaaiiii.........
Where capital for business could stop you, your Skills would elevate you! As the month ends tomorrow, take stock, what did U invest in to earn better? Another wasted 30days? You EARN from what U LEARN & APPLY to solve problem ...
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
Concent.
highly delusional and out of touch with reality
Does Bawuliar and Npp have a grass let alone root,Get kenected for the future of the grass and the root of the npp.Bawuliar is an NDC SPY
We don't need him
Vote for him yourself
Akoayi Egyimie.
How is that Comedian going to win . THAT CRIMINAL PARTY DOESN'T HAVE THE MEN. OH INDEED THE PARTY COLLAPSED. I FORGOT.
Bawumia is PDS jail bird
Bring Walwale Adam Smith again at your own peril. He has a PHd concert and lying.
Big joke
The man lost miserably in his own backyard, securing zero vote in many polling stations in the North. Where are your men. NPP?
Which sensible Ghanaians will vote for a liar like Bawumia?
Kwasiato I will vote for Dr Bawumia
Let Bawumia comes a thousand times, he will lose a thousand times for he and Nana Addo Danquah Akuffo Addo deficient leadership of this nation.
The ndc should use the cedi value to remain in power because cedi appreciation will bring inflation down and that is what Ghanaians want, I disagree with exporters on the application of the cedi, their export hasn't reduced ...
read full comment
Bawumia himself knows he is a failure and a deceiver. Bawumia is not someone to be trusted. His level of dishonesty is well noted by Ghanaians. As for wontomi he is the mockery of intellect.Ghana needs bold,pragmatic, discipl ...
read full comment
Any Ghanaian who votes for Bawumia should regard himself a big fool for it will be those who enjoyed the npp looted wealth who will do so
Do you need any of the following: A New Website, An NGO Website, A Shipping Website, A Banking Website, A School Website, A hotel or Restaurant Website, A sports Website, A Church Website etc...Then contact us and get both we ...
read full comment
Cheap propaganda......no substance...
DR BAWUMIA is the right person to lead NPP for victory in 2028 elections.
Woa two illiterate deceiving each other one is driving toyota Land cruiser the other is looking for money to buy food. One is planning his way to dig our ground in search of gold forever and the other is looking for just smal ...
read full comment
Fear delegates or polling station agents. Wontumi, don't trust any polling station agent.