Ghanaian greats whose names made it to Mahama's UN address and what they've achieved

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K Poku-London-UK 1 year ago

Who took Ghana to the IMF in 2022? It was Dr Messiah Bawumia and Ken Ofori Atta- cum Akuffo Addo- The NPP Economic Messiah-Dr Bawumia. Ghana has been to the IMF 18 times- Ghana has spend 40 years under the IMF conditions out ...
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Who took Ghana to the IMF in 2022? It was Dr Messiah Bawumia and Ken Ofori Atta- cum Akuffo Addo- The NPP Economic Messiah-Dr Bawumia. Ghana has been to the IMF 18 times- Ghana has spend 40 years under the IMF conditions out of its 68 years history-Ghana IS A FAILED STATE.
The World Bank has pushed back against the erstwhile Akufo-Addo administration’s long-held narrative that Ghana’s 2022 economic collapse was the result of global turmoil, the COVID-19 pandemic and the Russia-Ukraine war.

It insisted that the economic meltdown was “homegrown”.

In its latest 2025 Policy Notes on Ghana, the Bank made clear that while the COVID-19 pandemic and Russia’s invasion of Ukraine worsened the situation, they were not the root cause.

“The deterioration of global conditions… was not the cause of the 2022 macroeconomic crisis; rather, it merely exposed an economy already beset with deep structural vulnerabilities and precarious macroeconomic conditions,” the report said.

The government has frequently blamed external shocks for the collapse, which saw inflation spiral, the cedi plummet, and the country default on its debt.

But the World Bank said years of weak governance, fiscal indiscipline, and stalled reforms were the real culprits of Ghana's "dark days".

Interbank Market: Cedi trades at GH¢12.35 to $1

The bank also argued that the easy access to international credit and expectations of resource windfalls encouraged short-term political decisions at the expense of long-term stability.

The report noted that the cycle of expansionary spending followed by painful corrections, one that has forced Ghana into 17 IMF programs over the past 68 years, is damaging.

“Sudden macroeconomic stops and crises have led the country to request a record number of IMF programs, remaining under active IMF support for 40 out of its 68 years of history,” the Bank said.

The report also noted that more than 800,000 people were pushed into poverty in the aftermath of the 2022 crisis, with per capita incomes stuck at around US$2,200 for over a decade.

Today, more than a quarter of Ghanaians live below the poverty line, it noted.

Looking ahead, the Bank also raised alarms about Ghana’s fiscal management in the 2024 election year.

It flagged unbudgeted spending commitments of roughly US$4.8 billion, equivalent to 5.7% of GDP, much of it accumulated outside official financial systems.

“Spending indiscipline poses a critical challenge…undermining efforts to maintain fiscal discipline and compromising long-term sustainability,” the report cautioned.

Also, the energy sector arrears still cost around 2% of GDP annually, while COCOBOD’s debts reached US$1.8 billion in 2024, with interventions distorting markets and hurting farmers.

The bank warned that Ghana now stands at a critical crossroads, and temporary fixes will not be enough.

“There is an urgent need to signal a clear break from the past and a commitment to change… Success will ultimately be measured by the ability of the government to regain the trust of its citizens.”

Its recommendations are focused on restoring fiscal discipline, broadening the tax base, reforming state-owned enterprises, and enhancing governance.

Without decisive reforms, the World Bank cautions, Ghana risks remaining trapped in its cycle of crisis and bailouts for decades to come.------
Ablekuma Van Damme 1 year ago

AND SO????? POLITICAL ANIMAL!!! AND BEFORE 2022 WHO TOOK GHANA TO IMF???? IS THERE ANY PARTY SINCE 1957 THAT HAS NOT TAKEN GHANA TO IMF WITH OR WITHOUT COVID????

AND SO????? POLITICAL ANIMAL!!! AND BEFORE 2022 WHO TOOK GHANA TO IMF???? IS THERE ANY PARTY SINCE 1957 THAT HAS NOT TAKEN GHANA TO IMF WITH OR WITHOUT COVID????
Yanks 1 year ago

Your understanding of economics is quite shallow. After all Mahama mentioned that the causes of Africa's economic problems are due to covid 19 and Russia Ukraine war when addressing the UN general assembly

Your understanding of economics is quite shallow. After all Mahama mentioned that the causes of Africa's economic problems are due to covid 19 and Russia Ukraine war when addressing the UN general assembly
Aba Akyere 1 year ago

Dr Nkrumah ‘s Dr Busia’s J J , Kuffour Pro Mills , Nana Addo is only Mahatma who children are not intelligent. Why?

Dr Nkrumah ‘s Dr Busia’s J J , Kuffour Pro Mills , Nana Addo is only Mahatma who children are not intelligent. Why?
Kwesi 1 year ago

The answer is obvious! Where does Mahama come from in Ghana?

The answer is obvious! Where does Mahama come from in Ghana?
Kwesi 1 year ago

The answer is obvious! Where does Mahama come from in Ghana?

The answer is obvious! Where does Mahama come from in Ghana?
Osei Bonsu 1 year ago

Who said a good name is better thank riches? You can have both and still be okay. Stop deceiving the young to become slaves to others.

Who said a good name is better thank riches? You can have both and still be okay. Stop deceiving the young to become slaves to others.
Atta 1 year ago

Brilliant speech. He didn't go snitching on his neighbours

Brilliant speech. He didn't go snitching on his neighbours
THE UN IS KNOWN FOR TALKING POINTS 1 year ago

It’s a useless organisation. Give Putin a mic and he’ll make a brilliant speech too. It’s words, cheap words at the UN.

It’s a useless organisation. Give Putin a mic and he’ll make a brilliant speech too. It’s words, cheap words at the UN.
Obentaa 1 year ago

Dr Peter Bossman is not the first African-descended politician of Eastern Europe.

John Godson, born to a Nigerian father and a Polish mother , was a city councilor in the Polish city of Łódź from 2008 to 2010. He went ...
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Dr Peter Bossman is not the first African-descended politician of Eastern Europe.

John Godson, born to a Nigerian father and a Polish mother , was a city councilor in the Polish city of Łódź from 2008 to 2010. He went on to become Poland's first Black Member of Parliament, serving in the Sejm from 2010 to 2015. (Wikipedia)

koku 1 year ago

black vrs biracial. we are talking about authentic black man here.

black vrs biracial. we are talking about authentic black man here.
Efo Juju 1 year ago

Are any of these relevant, when we are drinking galamsey water in Ghana? Focus on the galamsey water we drink, instead of Black mayors in Poland.

Are any of these relevant, when we are drinking galamsey water in Ghana? Focus on the galamsey water we drink, instead of Black mayors in Poland.
Me nte gyae 1 year ago

As for ur Veep de3 she hasn't done anything extraordinary to be recognised globally. Being first vice president and so what? How are you going to describe first female presidents in other countries ? She's just a vice presid ...
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As for ur Veep de3 she hasn't done anything extraordinary to be recognised globally. Being first vice president and so what? How are you going to describe first female presidents in other countries ? She's just a vice president and she hasn't achieved anything that she would be remembered for. A university professor who says category A shs is for the rich especially in this era of free SHS. SHS placement is about BECE results but not financial background because gone are the days where affordability was a barrier but not now.
Justrac Africa LTD 1 year ago

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Gyata buruwa 1 year ago

Asantes are putting Ghana on the world map

Asantes are putting Ghana on the world map
Kofi 1 year ago

Most of you unblinking NPP fanatics should have been experiencing prison style protest by now in a serious democracy.

Most of you unblinking NPP fanatics should have been experiencing prison style protest by now in a serious democracy.
Holy Sinner 1 year ago

Yes, Mahama didn't kiss Trump ass as Akufo does.Nana two face do little.

Yes, Mahama didn't kiss Trump ass as Akufo does.Nana two face do little.
Good Boy 1 year ago

It's better to have both good name and riches.

It's better to have both good name and riches.
Mi 1 year ago

Great speech

Great speech
Efo Kofi 1 year ago

KWAASHIAA SEM nkoaa nonsense

KWAASHIAA SEM nkoaa nonsense

Sam T 1 year ago

Jane naana opoku Agyemang is the next president of the Republic

Jane naana opoku Agyemang is the next president of the Republic
Pouv: Do u think they care? 1 year ago

The UN was instituted to serve its own parochial interests. Still haven't figured that out yet.

The UN was instituted to serve its own parochial interests. Still haven't figured that out yet.
Ghana 1 year ago

Where is Osagyefo Dr Kawme Nkrumah name in President John Mahama's speech at the UN. The star of Africa.

Where is Osagyefo Dr Kawme Nkrumah name in President John Mahama's speech at the UN. The star of Africa.
DON 1 year ago

Mahama made me so proud as an African. I will always cherish this moment. Proud to come from Ghana

Mahama made me so proud as an African. I will always cherish this moment. Proud to come from Ghana
Yaa 1 year ago

Have you listened to any other addresses by other African leaders (or Ghanaian presidents, for that matter) from UNGA 80 or earlier UN General Assemblies? Did none of them make you proud?
What was so special about this speec ...
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Have you listened to any other addresses by other African leaders (or Ghanaian presidents, for that matter) from UNGA 80 or earlier UN General Assemblies? Did none of them make you proud?
What was so special about this speech, if not that someone you happen to like made it.......and luckily didn't sneeze all over his papers while he was doing it, even if he snorted all the way through in the way he does?
And did you listen to the speech by the First Lady in New York? Did that also make you proud?
TSITSURU 1 year ago

Nonsense. Your dirty ugly old perennial ofui weed smoking akyem black sooted face short legged gbemela called akuffo addo went to the UN general assembly and dozed off. Useless NPP idiots. Gbemelawo.

Nonsense. Your dirty ugly old perennial ofui weed smoking akyem black sooted face short legged gbemela called akuffo addo went to the UN general assembly and dozed off. Useless NPP idiots. Gbemelawo.

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Ghanaian greats whose names made it to Mahama's UN address and what they've achieved

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