WHO CARES- NPP - CPP - PNC WILL NOT RULE GHANA AGAIN:
WHO CARES- NPP - CPP - PNC WILL NOT RULE GHANA AGAIN:
Ben 10 months ago
THE NEW CPP IS NDC:
NPP NEED TO CHANGE THEIR NAME LIKE CPP DID:
AKUFO ADDO MADE NPP MONSTER PARTY:
GHANAIANS WILL NOT ATTEMPT TO GIVE NPP CHANCE TO MULTREAT THEM AGAIN: 'NPP SHOULD CHANGE THEIR NAME IN ORDER TO GET CHA ... read full comment
THE NEW CPP IS NDC:
NPP NEED TO CHANGE THEIR NAME LIKE CPP DID:
AKUFO ADDO MADE NPP MONSTER PARTY:
GHANAIANS WILL NOT ATTEMPT TO GIVE NPP CHANCE TO MULTREAT THEM AGAIN: 'NPP SHOULD CHANGE THEIR NAME IN ORDER TO GET CHANCE:
K Poku-London-UK 10 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.===========================
Mensa 10 months ago
Liars
Liars
Arisagui 10 months ago
Mtcheew apuuuuuuuuuuuuu
Mtcheew apuuuuuuuuuuuuu
FTT 10 months ago
DR BAWUMIA is winning big with his reach ideas
DR BAWUMIA is winning big with his reach ideas
Mena 10 months ago
Reach ideas indeed
Reach ideas indeed
Dauda 10 months ago
BAWUMIA IS LEADING,AND SO WHAT???? BLACKS ARE NOT CAPABLE OF RULING A COUNTRY, AFTER ALMOST SEVENTY YEARS OF INDEPENDENCE WE CAN'T FIX OUR ROADS ,WE ARE DESTROYING OUR OWN RIVERS AND FORESTS, AND NONE OF THE PAST AND PRESENT ... read full comment
BAWUMIA IS LEADING,AND SO WHAT???? BLACKS ARE NOT CAPABLE OF RULING A COUNTRY, AFTER ALMOST SEVENTY YEARS OF INDEPENDENCE WE CAN'T FIX OUR ROADS ,WE ARE DESTROYING OUR OWN RIVERS AND FORESTS, AND NONE OF THE PAST AND PRESENT LEADERS HAVE BEEN ABLE TO ADDRESS THIS, ,,
Asonaba asiedu 10 months ago
I don't think miracles aboagye will be insulting mussa dankwa on this occasion!!
I don't think miracles aboagye will be insulting mussa dankwa on this occasion!!
Edzrekese 10 months ago
AMINAL
AMINAL
Apuutcc 10 months ago
Apuutcc
Apuutcc
Sowee 10 months ago
Only the Npp party can choose a leader in their own wisdom,they did if for Kuffour to Nana they all fails but the party still keeps them to win later,sames as Bawumia is chosen,what the party needs is unity to push Bawumia fo ... read full comment
Only the Npp party can choose a leader in their own wisdom,they did if for Kuffour to Nana they all fails but the party still keeps them to win later,sames as Bawumia is chosen,what the party needs is unity to push Bawumia forward! Party is like football team,unless a team work,but no 9 no 10,
Sowee 10 months ago
This world u reap what u sow,to Ken and his supporters rejecting Bawumia to lead,by saying no Ken no vote instead of unity,if Ken also won and Bawumia and his supporters also says no Bawumia no votes,where could he also get h ... read full comment
This world u reap what u sow,to Ken and his supporters rejecting Bawumia to lead,by saying no Ken no vote instead of unity,if Ken also won and Bawumia and his supporters also says no Bawumia no votes,where could he also get his winning from,Alan departure and Ken utterances brought confusions and destroys the Good work Npp government did,this gave way to the Ndc chances,so who is the Npp problem now!!!!!,
bawuliar, weak fundamentals = Exchange rate exposure 10 months ago
he is invited for another humiliation. We dont care who comes out as npp flagbearer. GHANA IS ONE PARTY SYSTEM NOW. Cheddar will be the 2nd choice
he is invited for another humiliation. We dont care who comes out as npp flagbearer. GHANA IS ONE PARTY SYSTEM NOW. Cheddar will be the 2nd choice
Kwaky 10 months ago
NPP will be in opposition for a long time with Bawumia.
NPP will be in opposition for a long time with Bawumia.
WHO CARES- NPP - CPP - PNC WILL NOT RULE GHANA AGAIN:
THE NEW CPP IS NDC:
NPP NEED TO CHANGE THEIR NAME LIKE CPP DID:
AKUFO ADDO MADE NPP MONSTER PARTY:
GHANAIANS WILL NOT ATTEMPT TO GIVE NPP CHANCE TO MULTREAT THEM AGAIN: 'NPP SHOULD CHANGE THEIR NAME IN ORDER TO GET CHA ...
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
Liars
Mtcheew apuuuuuuuuuuuuu
DR BAWUMIA is winning big with his reach ideas
Reach ideas indeed
BAWUMIA IS LEADING,AND SO WHAT???? BLACKS ARE NOT CAPABLE OF RULING A COUNTRY, AFTER ALMOST SEVENTY YEARS OF INDEPENDENCE WE CAN'T FIX OUR ROADS ,WE ARE DESTROYING OUR OWN RIVERS AND FORESTS, AND NONE OF THE PAST AND PRESENT ...
read full comment
I don't think miracles aboagye will be insulting mussa dankwa on this occasion!!
AMINAL
Apuutcc
Only the Npp party can choose a leader in their own wisdom,they did if for Kuffour to Nana they all fails but the party still keeps them to win later,sames as Bawumia is chosen,what the party needs is unity to push Bawumia fo ...
read full comment
This world u reap what u sow,to Ken and his supporters rejecting Bawumia to lead,by saying no Ken no vote instead of unity,if Ken also won and Bawumia and his supporters also says no Bawumia no votes,where could he also get h ...
read full comment
he is invited for another humiliation. We dont care who comes out as npp flagbearer. GHANA IS ONE PARTY SYSTEM NOW. Cheddar will be the 2nd choice
NPP will be in opposition for a long time with Bawumia.