Economy Archives - Ghana News Express

Reduction in transport fares will boost the economy – Regional Minister

27May

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News

Reduction in transport fares will boost the economy – Regional Minister

Mr Wilbert Petty Brentum, the Western North Regional Minister, says the 15 per cent reduction in transport fares will boost the economy by lowering the prices of goods and services across all sectors. Speaking to the Ghana News Agency in an interview, the Minister said the reduction was attributed to favourable microeconomic conditions, particularly the continuous appreciation of the cedi against the dollar, which had contributed to the drop in fuel prices. He said: “The fare reduction is expected to improve food prices since traders often factored transportation cost into their pricing, so they should support this initiative by adjusting their prices downward to reflect this significant progress.” Mr Brentum continued: “Under the leadership of President John Dramani Mahama...

Government needs an Economic Advisory Council to reset economy-Opong-Fosu

21May

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Business

Government needs an Economic Advisory Council to reset economy-Opong-Fosu

Mr Akwasi Opong-Fosu, Governance and Public Policy Analyst, says the urgency to reset the economy cannot be overstated as Ghana enters a pivotal phase of national renewal under a newly-elected government. He said the country stands at a critical juncture where bold and inclusive economic reforms were essential not just for short-term recovery, but for long-term sustainability and equity. Mr Opong-Fosu told the GNA that in this context, the establishment of a statutory Economic Advisory Council (EAC) must be seen not as an option, but as a necessity. He said Ghana’s past was littered with economic conferences, policy dialogues, and high-level summits that generated reports, communiqués, and headlines but yielded little in terms of lasting outcomes. He said...

Digital payments economy in Africa expected to reach $1.5 trillion by 2030 according to new report

25Mar

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Technology

Digital payments economy in Africa expected to reach $1.5 trillion by 2030 according to new report

Mastercard commits to powering the continent’s growth, delivering meaningful scale and tangible impact • Commitment underpinned by strategic investments, public-private partnerships, and market innovation initiatives • Focus on enabling MSMEs, scaling cross-border payments, and empowering fintech companies Africa’s digital payments economy is set to grow from strength to strength according to a Mastercard-commissioned report by Genesis Analytics stating that the digital payments economy is expected to reach $1.5 trillion by 2030. As a longstanding technology partner to Africa, Mastercard continues to strengthen its commitment to the continent’s digital growth through strategic investments, public-private partnerships, ...

President Mahama unveils four pillars to reset Ghana’s economy

7Jan

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Business

President Mahama unveils four pillars to reset Ghana’s economy

President John Dramani Mahama, after being sworn in on January 7, 2025, outlined four key pillars to rejuvenate Ghana’s economy and society. These pillars are economic restoration and stabilization, improving the business and investment environment, constitutional review, and the fight against accountability and corruption. Emphasizing the urgency of these initiatives, President Mahama stressed that the current challenges required decisive and swift action to implement a 24-hour economy. “The circumstances we find ourselves in are indeed dire, but even so, I’ll be decisive and swift in my actions. We’ll focus our initial efforts on four critical areas. “The first is restoration and stabilisation of the macroeconomic environment. Second is the improvement of the business and inv...

Pastor urges Mahama to stabilise economy, reduce hardship

2Jan

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News

Pastor urges Mahama to stabilise economy, reduce hardship

The Reverend Doctor Sampson Agbemabiese, District Head of the Assemblies of God Church, Ada, has urged the President-elect, Mr. John Dramani Mahama, to stabilise the economy and ease hardship among the people. Rev. Dr. Agbemabiese further called on him to learn from the defeat suffered by the outgoing administration due to their unsatisfactory performance. Speaking to the Ghana News Agency (GNA) in an interview, he noted that Ghanaians would not be happy if the hardship persisted in the country, stating that such economic hardships could also affect the peace and sanity of Ghana. According to him, if fuel prices keep increasing and people could not even afford three square meals a day, and the things they used to buy again, it does not foster peace and de...

You Either Don’t Read Or Understand Economic Data – Bawumia Replies Mahama

29Nov

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Politics

You Either Don’t Read Or Understand Economic Data – Bawumia Replies Mahama

The Vice President and Presidential Candidate of the NPP, Dr. Mahamudu Bawumia, has taken former President John Mahama to the cleaners, exposing what he calls Mahama's dreadful record in all economic indicators. In a fiery delivery at Nungua, in the Krowor Constituency of the Greater Accra Region, Dr. Bawumia laughed off claims by former President Mahama on his Facebook page that the current NPP government is a failed government. Responding, Dr. Bawumia taunted former President Mahama for not understanding economic data, because if he did, he won't be comparing his "failed government" with the NPP's, when every available economic data shows that the NPP has superior record. "He said he has performed better than us and I said if you believe you performed better, come for a debate. ...

28Nov

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Entertainment

Davido Threatened Over Economy Remarks

Davido Afrobeats superstar, Davido, has alleged he is facing threats to cancel his upcoming Lagos concert following his controversial remarks about Nigeria’s economy on the American podcast Big Homies House. During the interview, Davido warned Americans against relocating to Africa, particularly Nigeria, citing the country’s struggling economy, which he described as being in “shambles.” His comments sparked widespread backlash, with prominent figures like Joe Igbokwe and Reno Omokri publicly criticising him. Responding to the criticism, Davido took to social media, asserting that the outrage stems from entertainers being the “real ambassadors” of the country. On his X (formerly Twitter) account, he posted, “Y’all mad ’cause we the real ambassadors!” In...