Finance Minister, Dr. Cassiel Ato Forson, has sounded a note of caution, stating that despite recent efforts, the country’s economy remains in distress. Speaking during a youth engagement session, on X space, hosted by social media influencer KalyJay, Dr. Forson emphasized that Ghana is not yet out of the woods and requires careful measures to...
Category: Business
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Mahama Attributes Scaled-Back Independence Celebration to Economic Hardship
Former President John Dramani Mahama has attributed the government’s decision to host a scaled-back 68th Independence Anniversary celebration to the current economic hardship facing the country. Speaking during the 68th Independence Day celebration at the Jubilee House, Mahama noted that the economic challenges have left many citizens struggling, making it necessary for the government to...
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Bold Leadership Key to Ghana’s Economic Recovery – Dr. Yamson
Dr. Ishmael Yamson, Chairman of the National Economic Dialogue Planning Committee, has sounded the alarm on Ghana’s economic woes, citing poor governance and corruption as the root causes of a growing crisis. Speaking at the National Economic Dialogue’s opening on March 3, 2025, Dr. Yamson expressed deep concern over the rise of “Generation Hustlers” –...
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Mahama Exposes Critical State of Sinking Fund: $64,000 and GHS143m Remain”
President John Dramani Mahama revealed the truth about the state of Ghana’s finances during his first State of the Nation Address of his second term on Thursday, February 27, 2025. According to President Mahama, Ghana’s Sinking Fund, which was meant to provide a financial cushion for debt repayment, has been depleted to a mere $64,000...
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SONA: I’ll fix Ghana’s economic crisis – Mahama pledges
President John Dramani Mahama has made a bold promise to Ghanaians, assuring them that his administration will turn the country’s economy around by the end of his four-year term. In his first State of the Nation Address of his second term, delivered to Parliament on February 27, Mahama acknowledged the severe economic challenges facing Ghana,...
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2025 SONA: President Mahama Assures Bondholders of Prompt Payment
President John Mahama delivered a reassuring message to bondholders during his first State of the Nation Address (SONA) on February 27, 2025. He pledged to uphold all financial commitments, ensuring that bondholders receive their payments in full. Mahama’s promise aimed to calm the nerves of bondholders, particularly retirees, who had grown anxious about the impact...
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NPP govt never defaulted on coupon payments since restructuring of Domestic Debts – Amin Adam
Since the restructuring of the Domestic Debts, the previous New Patriotic Party (NPP) government did not default on coupons, former Finance Minister, Dr Mohammed Amin Adam has said. Buffers were also built in the Debt Reserves Accounts to support upcoming debt service obligations such as the 4th coupon payments, he said. Dr Amin Adam explained...
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Oil marketers reject Gold-for-Oil impact on fuel price decline
The Chamber of Oil Marketing Companies (COMAC) has pushed back against claims that the previous government’s Gold-for-Oil (G4O) policy was a key driver in reducing fuel prices. It argues that global market dynamics—not the initiative—led to the price drops. Ghana introduced the G4O policy in December 2022, with the first consignment arriving in January 2023....
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Gov’t to Meet Transport Unions Over Fare Hikes Amid Rising Fuel Prices
The government is set to meet with the transport unions today, February 11,regarding proposed fare hikes in response to the ongoing rise in fuel prices. This discussion comes amid growing concerns from commuters and transportoperators about the financial strain caused by fluctuating fuel costs and their effect on transportation services across the country. The move...
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2024 Global Corruption Perception Index: Ghana Scored 42 Out Of 100
The 2024 Corruption Perception Index (CPI) has ranked Ghana with a score of 42 out of 100, a slight decline from its 2023 score of 43. This was announced in apress release from the Ghana Integrity Initiative (GII), the local branch ofTransparency International, on February 11. The drop in score signals a setback in the...