• Latest
  • Trending
Watch Live: Bawumia Speaks

We’ve steadied the economic ship, Ghana is on course – Bawumia

February 11, 2020
Tema Community 25 Lions Club holds Grand Club Officers Installation Ceremony for 2025/2026 service year

Tema Community 25 Lions Club holds Grand Club Officers Installation Ceremony for 2025/2026 service year

June 28, 2025
Ahiagbah raises alarm over Chief Justice removal effort

Ahiagbah raises alarm over Chief Justice removal effort

June 28, 2025
Shea Expo 2025 to Spotlight Ghana’s Rural Industrialisation Drive — Dr. Otokunor

Shea Expo 2025 to Spotlight Ghana’s Rural Industrialisation Drive — Dr. Otokunor

June 28, 2025
OSP Director Advocates for Independent Oversight of Political Party Funding

OSP Director Advocates for Independent Oversight of Political Party Funding

June 28, 2025
NADMO to launch nationwide audit of ageing building

NADMO to launch nationwide audit of ageing buildings

June 28, 2025
One dead at Nkwanta Senior High School following resurgence of tribal violence; GES orders closure of school

One dead at Nkwanta Senior High School following resurgence of tribal violence; GES orders closure of school

June 28, 2025
Misconceptions are winning the argument against the cause of vandalism-Greater Accra Vice President of Old Vandals Association

Misconceptions are winning the argument against the cause of vandalism-Greater Accra Vice President of Old Vandals Association

June 28, 2025
Old Vandals Jamboree postponed to 4th of July, 2025.

Old Vandals Jamboree postponed to 4th of July, 2025.

June 27, 2025
ECG will collapse if we don’t adjust the tariffs to pay debt- Majority Leader

ECG will collapse if we don’t adjust the tariffs to pay debt- Majority Leader

June 27, 2025
Ahiafor launches Parliamentary Friendship Association of ninth parliament

Ahiafor launches Parliamentary Friendship Association of ninth parliament

June 27, 2025
KNMP commends the Government of Ghana for restoring Founder's Day

KNMP commends the Government of Ghana for restoring Founder’s Day

June 27, 2025
Vice President Calls for Urgent Investment in Drug Abuse Prevention

Vice President calls for urgent investment in drug abuse prevention

June 27, 2025
Happy Ghana
No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
No Result
View All Result
Happy Ghana
No Result
View All Result
Home Sports

We’ve steadied the economic ship, Ghana is on course – Bawumia

in Sports
Watch Live: Bawumia Speaks

Watch Live: Bawumia Speaks

Share on FacebookShare on TwitterShare on Whatsapp

The combination of prudent macro-and micro- economic policies and programmes implemented by the Akufo-Addo administration over the last three years has strengthened Ghana’s economy and restored her to the path of economic development.

This change in Ghana’s fortunes, which has been acknowledged by the international bodies, was on full display when the Vice President of the Republic, Dr Mahamudu Bawumia, addressed participants at the ongoing Government Townhall and Results Fair in the Ashanti regional capital of Kumasi on Tuesday, 11th February, 2020.

Using a combination of graphs, tables and text, Vice President Bawumia provided evidence to buttress his claim that the Akufo-Addo administration had largely delivered on its manifesto promises, especially on the economy.

READ MORE: Coronavirus: Senior Chinese officials ‘removed’ as death toll hits 1,000

“The data shows that Ghana’s macroeconomic fundamentals are strong. Indeed, the strength of Ghana’s fundamentals was confirmed recently by Moody’s Ratings which changed Ghana’s sovereign ratings from B3 with a stable outlook to B3 with a positive outlook. This is unprecedented for an election year,” Vice President Bawumia pointed out.

“Standards and Poors also upgraded Ghana’s sovereign credit rating from B- to B with a stable outlook last year. This was the first upgrade by S&P for Ghana in 10 years! This is a strong affirmation of the positive assessment by the international financial markets of Ghana’s economic fundamentals.

“Just last week, Ghana successfully issued the longest-dated Eurobond ever issued by a Sub-Saharan African country with investors placing $15 billion of orders for Ghana’s 41 year Eurobond. The 7 year Bond issued has attracted the lowest coupon rates ever for Ghana at 6.375% compared with the 9.25% Ghana had to pay for a similar Eurobond issue in 2016. This is a massive show of confidence in the Ghanaian economy by investors.”

Throwing more light on the economic performance of the three year old government, Vice President Bawumia continued,

“For the first time in a decade, Ghana recorded primary balance surpluses (that is our tax revenues exceeded all government spending—excluding debt service payments) for three years in a row (2017-2019).

“Inflation has dropped steadily from the high of 15.4 percent at the end of 2016 to 7.9 percent at the end of December 2019, about the lowest we have seen since 1992.

“For the first time in over two decades, the trade balance (the difference between what we export and what we import) recorded a surplus in 2017, a larger surplus in 2018, and an even larger surplus in 2019.

“Even the cedi exchange rate under the NPP (2017-2019) is twice as stable as it was under NDC (2013-2016) – Average depreciation of 18% compared to 8.7%). For the NPP to match the almost four-fold Usain Bolt-like dash of the nominal level of the cedi exchange rate under the NDC, the cedi exchange rate will have to reach some GH15/US$!”

Tags: Bawumia

Subscribe to receive notification everytime a new post is published. We promise to be discrete.

Unsubscribe
Previous Post

Rugby: Coach Collin Osborne prepares Ghana Rugby Eagles for Africa Cup

Next Post

Spineless NDC couldn’t tackle banking crisis – Bawumia implies

Next Post
Spineless NDC couldn't tackle banking crisis - Bawumia implies

Spineless NDC couldn't tackle banking crisis - Bawumia implies

Search

No Result
View All Result

Listen Live

BBC Match of the Day Africa

Happy Ghana

Recent News

  • Tema Community 25 Lions Club holds Grand Club Officers Installation Ceremony for 2025/2026 service year
  • Ahiagbah raises alarm over Chief Justice removal effort
  • Shea Expo 2025 to Spotlight Ghana’s Rural Industrialisation Drive — Dr. Otokunor
  • About
  • advertise
  • Privacy Policy
  • Contact Us

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.

No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.