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For a long time, Ghans president was considered a pan-African. He got on international stages and spoke in collective accord with Africans. However, his actions have betrayed the pan-African spirit. Any opportunity he gets to please the folks at the expense of the community he jumps. Ondiro Oganga Reports
Unrest is growing in Ghana as its economy faces a major crisis.
Ghana’s currency has plummeted against the dollar this past year.
Protesters blame the government for the soaring prices of basic necessities.
Al Jazeera's Fintan Monaghan reports.
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Just days after Ghana celebrated its 60th independence anniversary, newly elected president Nana Akufo -Addo has come under fire for running what is termed as an "elephant size" government.
The government has defended itself against the accusation this after new appointments announced on Wednesday, brought the number of ministers and deputy ministers to 110.
Minority leader in parliament, Haruna Iddrisu, came out guns blazing saying that the cabinet will feed on the public purse.
But in res…
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In the midst of its worst economic crisis in years, ghana receives a much-needed boost with the approval of a $3 billion, three-year loan program from the international monetary fund (IMF). The loan aims to help Ghana overcome immediate policy and financing challenges, revitalize growth, and reduce the country's debt burden.
#imf #ghana #latestnews
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The United States will provide $100 million to Ghana and four other West African countries to help them deal with violent extremism and instability, Vice President Kamala Harris said on Monday during a visit to Ghana.
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Ghana Parliament Brawl: Fight breaks out on the Parliament floor over proposed tax on e-Transactions
Amid a row over a proposed tax on electronic transactions, a rough fight breaks out between the lawmakers. The Finance Minister argues that the levy would widen the tax net.
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Election 2024: JoyNews engages Ghanaians on factors that will influence their vote ahead of the elections
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Ghana has just signed a new bailout programme with the International Monetary Fund (IMF) worth $3bn (£2.4bn).
Ghana, long seen as one of Africa's best run countries, has been struggling to recover from the combined effects of the global Covid pandemic and the war in Ukraine.
President Nana Akufo Addo admitted last October that the country was "in crisis" citing "malevolent forces [that] have come together at the same time".
But the opposition also blames the crisis on what it calls the "gross mismanagement" of the economy - an allegation the government has denied.
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President Nana Akufo-Addo of Ghana has come under fire for appointing an “elephant size” government of 110 ministers. He has hit back at his opponents and said this was “a necessary investment” and that 'it is not going to be a holiday' for ministers.…
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EAM Jaishankar holds meetings with FMs of Slovakia, Ghana and Tanzania on Raisina Dialogue sidelines
EAM Jaishankar holds meetings with FMs of Slovakia, Ghana and Tanzania on Raisina Dialogue sidelines
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A California museum returned seven royal artefacts to Ghana’s traditional Ashanti king to commemorate his silver jubilee in the first planned handovers of Ashanti treasures looted during colonial times...
The Ashanti monarch Otumfuo Osei Tutu the Second, who holds an important ceremonial role in Ghana, said their return would help unite his people.
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In a shocking decision, the Alabama Supreme Court ruled frozen embryos are legally children, a move that threatens to have a profound impact on IVF treatments. MSNBC’s Ari Melber reports on the greater implications of the ruling. (Bookmark The Beat’s YouTube playlist, updated daily: https://msnbc.com/ari. Connect with Ari on YouTube: https://www.youtube.com/c/AriMelber IG: https://www.instagram.com/arimelber Merch: msnbc.com/beat5)
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Prime-Minister Fumio met Ghanaian President Nana Akufo-Addo and both vowed to continue to pursue reforms at the UN Security Council.
Japan and Ghana are serving as non-permanent members of the Security Council.
The Ghanaian President added that the current Security Council permanent members does not reflect the current reality adding that reform must be promoted.
Both heads of state also agreed to closely coordinate on the issue of Sudan, where military clashes continue for a third week.
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Ghana Bar Association questions government's approach in fighting galamsey menace
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Ghana’s economy has been crippled by the pandemic, rampant inflation, the war in Ukraine and a depreciating currency. Now analysts warn that the country is close to a crisis.
In May the central bank governor said Ghana faced an overall balance of payments deficit of $934.5m in the first quarter of 2022, compared with $429.9m in the same period last year. Growth slowed to 3.3 percent in the first quarter of 2022 and inflation hit a record of 27.6 percent in May. Critics say the government has recklessly managed its finances with excessive borrowing. The country now spends about a third of its expenditures in just servicing debt alone, not including principal repayments.
In a U-turn from previous statements, this month the government announced it would hold formal talks with the International Monetary Fund (IMF) on a support package. This came just days after hundreds of citizens took to the streets protesting the mounting economic hardships. It is the second time in the past three years that Ghana has turned to the IMF for help.
Protests organized by the Arise Ghana group in June said they were against the “persistence and astronomical hikes in fuel prices by the Akufo-Addo/Bawumia government”, the “grabbing of State lands'' by government officials, and the introduction of a 1.5% tax levied on all electronic transactions. They are also calling for a full bi-partisan parliamentary probe into COVID-19 expenditures.
There is also dissent within the government on whether seeking assistance from the world body is the best move forward. Several unions have criticised the move saying it will create conditions that are unfavourable to Ghanians. One economist has said Ghana will become “ungovernable” if the IMF bailout requires wages to be frozen.
In this episode we’ll talk about Ghana’s worsening economic crisis and ask what IMF assistance means for Ghanaians.
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Ghana is on the brink of an economic crisis. In 2021, the country recorded a total public debt of around 77% of its GDP, despite this Finance Minister said that Ghana was committed to managing its debt without taking assistance from the international Monetary Fund.
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Ghana High Commission promises to resolve Nigeria/Ghana trade dispute
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CNN's Zain Asher speaks with President Nana Akufo-Addo of Ghana about the country's economic future and how he hopes to encourage business growth. #CNN #News
