Ghana will be Economically Doomed if Anti-gay Bill is Passed, Prof. Diamond Warns

“Warning from Prof. Diamond: Ghana faces economic doom with passage of anti-gay bill. Learn more about the potential impacts.” Professor Larry Diamond, a Democracy Scholar at the Hoover Institution and Stanford University, has cautioned about severe consequences for Ghana should the controversial anti-gay bill be enacted into law. During an interview on Citi TV’s The…

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Ghana’s Cedi is Poised for Further Depreciation, Ranking as Third-worst Currency in Africa, According to Bloomberg

Ghana’s cedi, Africa’s third-worst-performing currency this year, may not have seen the worst yet. Despite a $3 billion bailout from the International Monetary Fund after the country’s 2022 default, analysts predict further weakening. Even though Ghana has made progress with domestic and official creditors, negotiations with Eurobond investors are ongoing. Despite an improvement in international…

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IMF Suggests Ghana’s Economic Decline Stems from Both COVID-19 Impacts and Excessive Expenditure

The IMF has stated that Ghana’s current economic difficulties are not solely due to the COVID-19 pandemic but also because of excessive spending during election periods. Kristalina Georgieva, the Managing Director of the IMF, noted that better management of the pandemic’s impact could have been achieved without such spending. In an interview with Accra-based Citi…

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