NEWS

An Economist and Professor of Finance at the University of Ghana, Godfred Alufar Bokpin has clarified reports of him declaring Ghana a heavily Indebted Poor Country (HIPC). Reports were rife Ghana had been listed by the World Bank in the Category of the Heavily Indebted Poor Countries on its website. However, the development has been attributed to the decision the ...

Economist Professor John Gatsi says Ghana’s ballooning debt ratio should be blamed on government’s desire to please voters as elections beckons and not on COVID-19. According to him, next year will be a difficult year for Ghanaians as the reality of the overspending by government will set in. “I think from the side of citizens, they have to accept the ...

The Yilo Krobo Constituency Secretariat of the National Democratic Congress, NDC, in the Eastern Region has chastised the ruling government of hastening to commission the uncompleted Somanya District Hospital to deceive voters. A statement issued by the NDC signed by Akumatey Emmanuel Okrah -Constituency Communication Officer of the NDC on Monday stated that, the construction of Somanya district hospital project, ...

The National Democratic Party (NDP) has listed some points they have attributed to the late former President Jerry John Rawlings as some of his wishes before he passed away. Speaking to the media on Monday, November 23, Alhaji Mohammed Frimpong, the Secretary-General of the NDP, stated that the NDP was honouring the wishes of Jerry John Rawlings in his absence ...

President Akufo-Addo, will from Tuesday, November 24, begin a two-day tour of the Greater Accra Region. The tour will begin with the commissioning of Phase 1 of the Obetsebi Lamptey Interchange at Abossey Okai in the Ablekuma Central Constituency, with the President, from there, proceeding to the Kaneshie Market to interact with traders, drivers and the general public. President Akufo-Addo ...

The Convention People’s Party (CPP) has lashed out at the ruling NPP and the opposition NDC for collapsing major industries with their policies and programmes. The CPP said the two parties have failed to provide state protection for the growth and sustainability of industries initiated by the Nkrumah administration. According to the Nkrumaist party, the development is responsible for the ...

As widely expected Ghana’s public debt has now passed the generally accepted sustainability threshold of 70 percent of Gross Domestic Product, the GHc273.8 billion in total debt by the end of September translating to 71.0 percent of GDP. This is up from GHc209.1 million a year previously by which time the debt to GDP ratio at 59.8 percent was still ...

Fifty-seven percent (57%) of Ghanaians claim they and their families are worse off today than they were four years ago, according to the results of the third wave of the Ghana Election Poll which run from August 1 to September 31, 2020. Out of the 2,246 Ghanaian respondents, 22% claim they and their families are just about the same as ...

Ghana’s debts reached an all-time high in September this year on the back of increased borrowing to make up for shortfalls in revenues and fund rising expenditures. Data from the Bank of Ghana (BoG) showed that the public debt stock stood at GH¢273.8 billion in September this year, the highest since the bank started releasing data on how much the ...

An economist and Lecturer at the University of Ghana Business School, Dr Lord Mensah, has called on Ghanaians to prepare and expect a tough 2021 and beyond. Speaking on the Morning Starr on Monday, Dr Mensah said most of the freebies being enjoyed by Ghanaians now will not be available adding that the only way the government can shore up ...