24-Hour Economy: 'They can't even explain, so how can they implement it?' - Dr Bawumia

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Bokomaru - Corruption everywhere in Ghana 1 day ago

24-Hour economy is a BOGUS idea!

24-Hour economy is a BOGUS idea!
Nana 1 day ago

This 24hrs Economy jobs lies will follow President John Mahama to his grave, his own children and family members will also carry that burdensome cross. You can't lie to ppl in need and go scot-free.

This 24hrs Economy jobs lies will follow President John Mahama to his grave, his own children and family members will also carry that burdensome cross. You can't lie to ppl in need and go scot-free.
Kwaku Tee 1 day ago

Is President Mahama comfortable with his own Church Assemblies of God youth who are unemployed? Is he not ashamed when they ask him questions on the 24hrs Economy jobs? Pastor Stephen Wengam shd advise him to apologise to the ...
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Is President Mahama comfortable with his own Church Assemblies of God youth who are unemployed? Is he not ashamed when they ask him questions on the 24hrs Economy jobs? Pastor Stephen Wengam shd advise him to apologise to the whole nation for that lie it's unChristian behaviour.
PRINCE KWASI ADADE (OFIE P33) 1 day ago

GHANA HAS GOT NO VICE PRESIDENT NOW!!!!
BAWUMIA IS ALL WE HAVE!!!!!! GOD BLESS HIM!!!!
Author: Tijani, Aboabo mkt, Tamale - --Dr Tony Aidoo said the NDC's problem is Dr Bawumia. He said NDC does not have competent men to co ...
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GHANA HAS GOT NO VICE PRESIDENT NOW!!!!
BAWUMIA IS ALL WE HAVE!!!!!! GOD BLESS HIM!!!!
Author: Tijani, Aboabo mkt, Tamale - --Dr Tony Aidoo said the NDC's problem is Dr Bawumia. He said NDC does not have competent men to counter Bawumia's brilliance. When Bawumia speaks, NDC needs over 25 people including Adongo, Fiifi kwetey, Mona Quartey, Ato Forson, Bernard Mornah, Jinapor, Jane Opoku Agyemang, Kwasi Pratt, John Mahama, John Gatsi, Franklin Cudjoe of IMANI, Rickett Hagan, Ablakwa, Ofosu kwakye and many more to look for figures to counter Bawumia. Dr Tony was right.
PRINCE KWASI ADADE (OFIE P33) 1 day ago

FAILED GOVERNMENT!!! FAILED GOVERNMENT!!!!!!!!!! EVERYBODY WILL TASTE IT!!!!!!
BAWUMIA IS ALL WE HAVE!!! GOD BLESS HIM!!!!!!!!
THE 24-HR ECONOMY/ 1-3-3 PROMISE WAS A SCAM!!
THE GHC6, 500 PRICE PER BAG OF COCOA PROMISE WAS ...
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FAILED GOVERNMENT!!! FAILED GOVERNMENT!!!!!!!!!! EVERYBODY WILL TASTE IT!!!!!!
BAWUMIA IS ALL WE HAVE!!! GOD BLESS HIM!!!!!!!!
THE 24-HR ECONOMY/ 1-3-3 PROMISE WAS A SCAM!!
THE GHC6, 500 PRICE PER BAG OF COCOA PROMISE WAS "FRAUD"!!!! BORE HOLES AND POLYTANK IN COCOA FARMS TO WATER THE COCOA TREES, WAS A FANTASY!!!!!!
WELL DID RAWLINGS DESCRIBE THE NDC
DISRESPECTFUL SMALL BOYS AS BABIES WITH SHARP TEETH. NOTABLY, OFOSU KWAKYE,
OKUDJETO ABLAKWA, SAM GEORGE, AKANDO, OTUKONNOR, FIIFI KWETEY, SAMMY GYAMFI INCLUDING OPANYIN BONE, ASIEDU NKETIAH & EVIL OFOSU AMPOFO. AT SOME POINT HE EVEN
IDENTIFIED THEM AS HAVING ACID MOUTH.
LOOK AT THE PROPAGANDA MAHAMA AND HIS BOYS USED TO HYPNOTIZE GHANAIANS TO VOTE FOR NDC.
GOD BEING SO GOOD IT HAS ALL BACKFIRED ON THEM BIG TIME. NANA ADDO'S GOD IS SUPER!!!!!!!! PROPAGANDA ON BLACK STARS,
NATIONAL CATHEDRAL, DOMESTIC DEBT
EXCHANGE PROGRAMME, LGBTQ+,
SCHOOL MEALS, PRESIDENTIAL JET, NANA ADDO'S AIR TRAVELS, GALAMSEY, NURSES, E-LEVY, COCOA PRICE, NANA ADDO'S HEALTH, CECILIA DAPAAH, GOLD FOR OIL, ROAD
CONTRACTS, KENKEY PRICE, SPARE PARTS, PETROL, 24 HOUR ECONOMY WHICH IS THE MASSIVE ONE, HAVE ALL BACKFIRED ON EVIL AND CORRUPT NDC. NO WONDER RAWLINGS ABANDONED NDC, MADE FRIENDS WITH NANA ADDO BEFORE HIS DEMISE. NANA IS GOD-SENT NO ONE TEST HIM!!!!!!!
PRINCE KWASI ADADE (OFIE P33) 1 day ago

TO ALL THE NDC PSYCHICALLY MALADJUSTED TWATS INSULTING BAWUMIA HERE.
YOU ARE ALL INSULTING YOURSELVES BECAUSE YOU HAVE GOT BAWUMIA’S GHANA CARD IN YOUR POCKETS!!!! BAWUMIA’S MOBILE MONEY INTEROPERABILITY IS HELPING YOU M ...
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TO ALL THE NDC PSYCHICALLY MALADJUSTED TWATS INSULTING BAWUMIA HERE.
YOU ARE ALL INSULTING YOURSELVES BECAUSE YOU HAVE GOT BAWUMIA’S GHANA CARD IN YOUR POCKETS!!!! BAWUMIA’S MOBILE MONEY INTEROPERABILITY IS HELPING YOU MAKE YOUR MOMO TRANSACTIONS SMOOTHLY!!!!!! THROUGH BAWUMIA’S SYNOHYDRO, YOU DRIVE YOUR VEHICLES ON AMAZING, WELL MARKED ASPHALT ROADS THROUGHOUT THE COUNTRY. YOU HAVE GOT YOUR UNIQUE GPS HOUSE ADDRESS!!! YOU CALL YOUR UBER/BOLT TAXI CAB AND THEY USE BAWUMIA’S GPS NAVIGATION SYSTEM TO DRIVE RIGHT TO YOUR DOOR, YOU ENJOY THE BAWUMIA’ S E-GATES AT OUR AIRPORT. THROUGH HIS DIGITALIZATION DRIVE, YOU PAY YOUR BILLS BY YOUR SMART PHONE . CHILDREN ARE REGISTERED AND GET UNIQUE ID AT BIRTH. WE SAW WHAT THE DRONES WERE DOING IN HEALTHCARE DELIVERY SYSTEM. HE CHANGED THE LIVES OF THE KAYAYE, PROVIDING THEM AMAZING ACCOMMODATION AND JOB TRAINING CENTERS. HE INTRODUCED ELECTRIC BUSES TO HELP COMMUTERS!!!! HE INTRODUCED THE DOMESTIC GOLD PURCHASING SYSTEM NOW CALLED GOLD BOARD TO HELP STABILIZE THE CEDI AGAINST THE MAJOR FOREIGN CURRENCIES!!!! HE INTRODUCED THE FREE WIFI IN OUR SCHOOLS. HE WAS PART OF EVERY GOOD THING WE ENJOYED UNDER NANA ADDO’ S GOVERNANCE, SUCH AS THE MASSIVE FLEET OF AMBULANCES, THE FREE SHS , MASSIVE INFRASTRUCTURE DEVELOPMENT THROUGHOUT THE COUNTRY, DRIP CONSTRUCTION MACHINERY!!! ESTABLISHMENT OF 6 NEW REGIONS WITH AMAZING CAPITAL TOWNS. MASSIVE RAILWAY DEVELOPMENT PROJECTS, ADOMI WONDERFUL RAILWAY BRIDGE, AMAZING INTERCHANGES INCLUDING POKUASE , TEMA, TAMALE!!!! BRINGING IN MODERN TRAINS. ULTRA MODERN FLATS FOR THE POLICE PERSONNEL. BAWUMIA WAS PART OF THE NANA’S INDUSTRIALIZATION DRIVE, 1D1F. AGENDA 111 HOSPITALS TOO!!!! ETC, ETC. GOD BLESS BAWUMIA!!!
Jumbo 1 day ago

The 24-hr economy is here and here to stay. Folks, NDC promised freezon economy and NPP popoo the idea at the time but now freezon is not only here but it's full to capacity to the extent that it has just been shifted to Afen ...
read full comment

The 24-hr economy is here and here to stay. Folks, NDC promised freezon economy and NPP popoo the idea at the time but now freezon is not only here but it's full to capacity to the extent that it has just been shifted to Afenya enclave. Let NPP pigs and piglets continue to down play or laughed over this 24 hrs economy while the concept continue to gain grounds among the right thinking business men and women.
K. Opoku-London-UK 1 day 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 ...
read full comment

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. Dr Bawumia pls aren't you embarrassed by revelations at the PAC on revelations of crime committed by the very people u and Akuffo Addo appointed to run affairs of this country? What record are u going to defend. I have lost respect for you. A muslim without intergrity.
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.
Bawumia was the Chairman of the Ghana National Economic Management Committee but he says that he was the Drivers Mate. How can a driver's mate do this when he claims he never had the chance to implement anything in government because the powers that be did not allow him. Yet he wants to claim credit for any good things that he never did yet will refuse to accept responsibility for any failure in their government. How stupid does this man think we are? You took the cedi from 4 to 17 and still had the audacity to tell us the rate of depreciation at that time was better than the previous NDC administration. What at all does this man take us for? Does he think we're stupid or what? Someone should tell this man that we haven't forgotten about the DDEP haircuts and surely we shall punish the npp again come 2028.

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.

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8722222222222222222222244444444444444444444444444444478978989089076878999
K. Opoku-London-UK 1 day 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 ...
read full comment

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. Dr Bawumia pls aren't you embarrassed by revelations at the PAC on revelations of crime committed by the very people u and Akuffo Addo appointed to run affairs of this country? What record are u going to defend. I have lost respect for you. A Muslim without integrity.
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. We are in 2026-we have the Ukraine-Russia war still-we have Iran-USA war etc-but the Ghana cedi/economy is NOT is free-fall. Who is LYING-THE ECONOMIC MESSIAH??/??///?/////
Bawumia was the Chairman of the Ghana National Economic Management Committee but he says that he was the Drivers Mate. How can a driver's mate do this when he claims he never had the chance to implement anything in government because the powers that be did not allow him. Yet he wants to claim credit for any good things that he never did yet will refuse to accept responsibility for any failure in their government. How stupid does this man think we are? You took the cedi from 4 to 17 and still had the audacity to tell us the rate of depreciation at that time was better than the previous NDC administration. What at all does this man take us for? Does he think we're stupid or what? Someone should tell this man that we haven't forgotten about the DDEP haircuts and surely we shall punish the npp again come 2028.

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.

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8722222222222222222222244444444444444444444444444444478978989089076878999988787878980908
Aluta no happen yet 1 day ago

Eeiii, this guy has no shame! For you Bawuliar, your ECONOMICS dictionaries, textbooks, lecture notes, exercise books, presentation slides and all pamphlets got missing. Runaway guy from economic fundamentals

Eeiii, this guy has no shame! For you Bawuliar, your ECONOMICS dictionaries, textbooks, lecture notes, exercise books, presentation slides and all pamphlets got missing. Runaway guy from economic fundamentals

A 1 day ago

I wish you could explain the 24hrs Economy jobs to us to prove Dr Mahamudu Bawumia wrong.

I wish you could explain the 24hrs Economy jobs to us to prove Dr Mahamudu Bawumia wrong.
Observer 15 hours ago

24 hour economy is a noun not a verb. The economy is not going to put on running shoes and run or jog. The npp noun was One district one factory. Some districts have 10 factories so someone would argue npp failed because ther ...
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24 hour economy is a noun not a verb. The economy is not going to put on running shoes and run or jog. The npp noun was One district one factory. Some districts have 10 factories so someone would argue npp failed because there's more than one factory. Trust me some ndc guys can do that.
nana 1 day ago

Infact, Am an ndc from the volta and voted for them but am totally disappointed in the party.

Infact, Am an ndc from the volta and voted for them but am totally disappointed in the party.
RO 1 day ago

Shut up.

Shut up.
Peter 1 day ago

Dr Bawumia said he is the brain behind Agenda 111, but couldn't make one operational. If ndc doesn't understand 24 hour economy, did you understand economic fundamentals, Dr bawumia?

Dr Bawumia said he is the brain behind Agenda 111, but couldn't make one operational. If ndc doesn't understand 24 hour economy, did you understand economic fundamentals, Dr bawumia?
Kwame 1 day ago

Yes, it's true we can't even explain the agenda 111 how should we continue it. Idiot foolish fool

Yes, it's true we can't even explain the agenda 111 how should we continue it. Idiot foolish fool
PRINCE KWASI ADADE (OFIE P33) 1 day ago

@Peter
Author: Pelicles. ——————These are some of the hospitals started and completed under Nana Addo governance. Akontombra hospital, Bogoso hospital, Elubo hospital, Mporhor hospital, Nsuaem hospital, Wasa Dunk ...
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@Peter
Author: Pelicles. ——————These are some of the hospitals started and completed under Nana Addo governance. Akontombra hospital, Bogoso hospital, Elubo hospital, Mporhor hospital, Nsuaem hospital, Wasa Dunkwa hospital, Suame hospital, Twedie hospital, Drobonso hospital, Mim hospital, Kwabeng hospital, Adukrom hospital, Sabronum hospital, Nkwanta hospital, Achiase hospital, Jumaapo hospital, Sefwi Asawinso hospital Kpong Katamanso hospital, Manso Nkwanta hospital.
Now, out these hospitals, 6 of them are in the Ashanti Region so, what are talking about that Nana Addo did not complete a single project in that region?
A 1 day ago

Governance is a continuing process. One Govt cannot start all projects and complete it b4 leaving office. In any case Agenda 111 idea came in after Covid 19 in 2020. when they realised our hospitals were not adequate and th ...
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Governance is a continuing process. One Govt cannot start all projects and complete it b4 leaving office. In any case Agenda 111 idea came in after Covid 19 in 2020. when they realised our hospitals were not adequate and the govt has to act quickly.
Kelly 1 day ago

Foolish man, calling himself a doctor. Do you understand economics. Stupid mad man

Foolish man, calling himself a doctor. Do you understand economics. Stupid mad man
Common Sense 1 day ago

Hw3 Bawumia Ne Jon!!!

Hw3 Bawumia Ne Jon!!!

Justin 1 day ago

it will do you al lot of good if you don’t criticize but come out with better options bcos your name is highly questionable and down graded when it comes to promise and it’s fulfilling

it will do you al lot of good if you don’t criticize but come out with better options bcos your name is highly questionable and down graded when it comes to promise and it’s fulfilling
Kwame 1 day ago

Do you think NDC is like your stupid party that rush to implement policy which have no sense

Do you think NDC is like your stupid party that rush to implement policy which have no sense
Pelicles 1 day ago

What senseless policy did NPP implement, name it. During the campaign, what explanation about the 24-hour economy click you if you know the interaction of demand and supply.

While Mahama was giving different explanation, A ...
read full comment

What senseless policy did NPP implement, name it. During the campaign, what explanation about the 24-hour economy click you if you know the interaction of demand and supply.

While Mahama was giving different explanation, Asiedu Nketia and the rest were spewing garbage to confuse the masses with different version, and two years into governance, nobody has seen anything about their top policy rather than pulling down schools, banks building to build markets.

John Mahama, the clueless creep who mistakenly became president told Ghanaians with the shallow understanding that the idea of constructing 111 district hospital was an "Ill thought idea" but he is telling Ghanaians that he is going to build 276 district markets, and people like you see that as viable. Hospitals and markets, which operate around the clock?
Observer 15 hours ago

I can give you one senseless policy. Not completing projects started by previous administration.eg Saglime

I can give you one senseless policy. Not completing projects started by previous administration.eg Saglime
Kwame 1 day ago

Bawumia please focus and get yourself a winning message and stop worrying about NDC's 24hr economy. Criticising 24hr economy is not what will make Ghanaians vote for you.

Bawumia please focus and get yourself a winning message and stop worrying about NDC's 24hr economy. Criticising 24hr economy is not what will make Ghanaians vote for you.
Okatakyie 1 day ago

Massa

Not even public latrines in Nima operate a 24 hour economy. These NDC Muppets only cribbed the slogan from New York: the city that never sleeps and it's become an albatross round their necks.

Massa

Not even public latrines in Nima operate a 24 hour economy. These NDC Muppets only cribbed the slogan from New York: the city that never sleeps and it's become an albatross round their necks.
KS 1 day ago

Bawumia should be the last person to talk about how Ghana can revive its economy. He has eight years to do that but he failed miserably. He was portrayed as an economic genius but has failed abysmally.

Bawumia should be the last person to talk about how Ghana can revive its economy. He has eight years to do that but he failed miserably. He was portrayed as an economic genius but has failed abysmally.
Yaw Maanu 1 day ago

I don’t blame Bawumia for talking about 24 hour economy. He’s now frustrated. He doesn’t have any campaign message.
So he’s just saying something to while away the time.

I don’t blame Bawumia for talking about 24 hour economy. He’s now frustrated. He doesn’t have any campaign message.
So he’s just saying something to while away the time.
Pelicles 1 day ago

Define 24-hour economy. If there is a policy like that, why can't Mahama implement it because that was his main campaign message he sold to Ghanaians who have no clue about how demand and supply works.

Mahama can be presid ...
read full comment

Define 24-hour economy. If there is a policy like that, why can't Mahama implement it because that was his main campaign message he sold to Ghanaians who have no clue about how demand and supply works.

Mahama can be president in a country like Ghana where the voter is very foolish without knowing that election has consequences.

If you are sane, hospitals and markets, which operates around the clock?
K. Opoku-London-UK 1 day 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 ...
read full comment

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. Dr Bawumia pls aren't you embarrassed by revelations at the PAC on revelations of crime committed by the very people u and Akuffo Addo appointed to run affairs of this country? What record are u going to defend. I have lost respect for you. A muslim without intergrity.
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.
Bawumia was the Chairman of the Ghana National Economic Management Committee but he says that he was the Drivers Mate. How can a driver's mate do this when he claims he never had the chance to implement anything in government because the powers that be did not allow him. Yet he wants to claim credit for any good things that he never did yet will refuse to accept responsibility for any failure in their government. How stupid does this man think we are? You took the cedi from 4 to 17 and still had the audacity to tell us the rate of depreciation at that time was better than the previous NDC administration. What at all does this man take us for? Does he think we're stupid or what? Someone should tell this man that we haven't forgotten about the DDEP haircuts and surely we shall punish the npp again come 2028.

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.

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Akajatayogogo 1 day ago

When the fundamentals are weak the exchange rate will expose you, did you expose the fundamentals or the exchange rate exposed you? Kwasia Kwa for nothing, Bawumia Apuuu toor

When the fundamentals are weak the exchange rate will expose you, did you expose the fundamentals or the exchange rate exposed you? Kwasia Kwa for nothing, Bawumia Apuuu toor
Observer 15 hours ago

When the fundamentals are weak teachers salary would expose you. Ato says we are rich but he can't pay teachers

When the fundamentals are weak teachers salary would expose you. Ato says we are rich but he can't pay teachers
The toilet prefect has spoken 1 day ago

I'll build toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toil ...
read full comment

I'll build toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet toilet. In fact I'll build 200 billion toilets.
Frederick 1 day ago

Dr Bawumia is full of theory and criticism. He could not turn any if his ideas into workable and tangible programmes. He said that he is the father of the gold purchase programmes but he could not turn it into a viable and ta ...
read full comment

Dr Bawumia is full of theory and criticism. He could not turn any if his ideas into workable and tangible programmes. He said that he is the father of the gold purchase programmes but he could not turn it into a viable and tangible effort to impact so massively as has been done. He was never on top of anything. Just engaged in fanciful sloganeering.
Pelicles 1 day ago

Bawumia's idea gave Ghana the Zipline Drones that help deliver urgent goods and services into the rural areas of Ghana. Bawumia's idea behind MOMO had created 900,000 jobs and counting.

Did NDC talk about gold board when t ...
read full comment

Bawumia's idea gave Ghana the Zipline Drones that help deliver urgent goods and services into the rural areas of Ghana. Bawumia's idea behind MOMO had created 900,000 jobs and counting.

Did NDC talk about gold board when they were in power from 2012-16 or after NPP when Bawumia came up with the idea of "Ghana should buy gold to back up our currency"?

Since the formation of NDC name one policy they have implemented that have had impact on the ordinary Ghanaian, name it.
COMMENT 1 day ago

Knowing that every deadgoat is brain-dead, Ghanaians who voted for Mahama must blame themselves for wasting their votes on the NDC FLAGBEARER who called himself DEADGOAT and claimed to have CROCODILE SKIN.
Reset agenda...... ...
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Knowing that every deadgoat is brain-dead, Ghanaians who voted for Mahama must blame themselves for wasting their votes on the NDC FLAGBEARER who called himself DEADGOAT and claimed to have CROCODILE SKIN.
Reset agenda.......he doesn't understand.
24-hours Economy...he doesn't understand.
Sam Fante warrior. 1 day ago

Useless Fulanis cows take care do you think 24h economy is like going and buy cows from Niger and come to Ghana and sell it ? The government is in power just 2 years and fools want 24h animals toilet soups to eat. You break d ...
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Useless Fulanis cows take care do you think 24h economy is like going and buy cows from Niger and come to Ghana and sell it ? The government is in power just 2 years and fools want 24h animals toilet soups to eat. You break down our market circle and you couldn't good 8 years to build it up. What happens to your cathedral manhole ? Criminals organization.
COMMENT 1 day ago

Mahama who called himself DEADGOAT with Crocodile Skin is brain-dead as every dead goat is brain dead, and a DEAD BRAIN DOESN'T FUNCTION.

Mahama who called himself DEADGOAT with Crocodile Skin is brain-dead as every dead goat is brain dead, and a DEAD BRAIN DOESN'T FUNCTION.
K. Opoku-London-UK 1 day 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. Dr Bawumia pls aren't you embarrassed by revelations at the PAC on revelations of crime committed by the very people u and Akuffo Addo appointed to run affairs of this country? What record are u going to defend. I have lost respect for you. A Muslim without integrity.
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. We are in 2026-we have the Ukraine-Russia war still-we have Iran-USA war etc-but the Ghana cedi/economy is NOT is free-fall. Who is LYING-THE ECONOMIC MESSIAH??/??///?/////
Bawumia was the Chairman of the Ghana National Economic Management Committee but he says that he was the Drivers Mate. How can a driver's mate do this when he claims he never had the chance to implement anything in government because the powers that be did not allow him. Yet he wants to claim credit for any good things that he never did yet will refuse to accept responsibility for any failure in their government. How stupid does this man think we are? You took the cedi from 4 to 17 and still had the audacity to tell us the rate of depreciation at that time was better than the previous NDC administration. What at all does this man take us for? Does he think we're stupid or what? Someone should tell this man that we haven't forgotten about the DDEP haircuts and surely we shall punish the npp again come 2028.

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.

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Nana Yaw 1 day ago

Mumu Bawumia , aka weak fundamentals!!!Hahahaha

Mumu Bawumia , aka weak fundamentals!!!Hahahaha
SD.com 1 day ago

Who is talking? Mr Toilet?

Who is talking? Mr Toilet?
@Godisking 1 day ago

You are all the same. Economic messiah to digital fundamentals

You are all the same. Economic messiah to digital fundamentals
Lucky 1 day ago

Explain Agenda 111 and Pwalugu dam before you lecture us on the 24 hour economy.

Explain Agenda 111 and Pwalugu dam before you lecture us on the 24 hour economy.
David 1 day ago

NDC are better managers of the economy and it's clear period!

NDC are better managers of the economy and it's clear period!
Good Citizen 1 day ago

Bawumia should talk about what he will do and stop this nonsense. If Mahama is not able to implement 24-hour economy, does it make you a better person,? NO. You seem to be having no more ideas to rule this country, all your i ...
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Bawumia should talk about what he will do and stop this nonsense. If Mahama is not able to implement 24-hour economy, does it make you a better person,? NO. You seem to be having no more ideas to rule this country, all your ideas didn't work and you have no more ideas and therfore spewing nonsense all over the place. You are not shameful after all that you did to this country.
Kojos 1 day ago

Please forgive this useless govt. Bread and butter govt.

Please forgive this useless govt. Bread and butter govt.
Stan 1 day ago

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read full comment

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Osaberima Mensah 1 day ago

This is the real definition of Ghana ay3 mobor dodo. Where did we go wrong? Ah nppigs, hom ahow Ghana oo. So is this comedian and liar bawuliermia the only one that can lead you criminal nppigs? He doesn't even know his left ...
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This is the real definition of Ghana ay3 mobor dodo. Where did we go wrong? Ah nppigs, hom ahow Ghana oo. So is this comedian and liar bawuliermia the only one that can lead you criminal nppigs? He doesn't even know his left from his right, ah nppigs!
Kojos 18 hours ago

What the NDC fools know is insult. Only uncivized people will do that. Local boys. How many of you attended university outside ghana zero. I pity the low iq people who has wasted their time to voted for that dead goat.

What the NDC fools know is insult. Only uncivized people will do that. Local boys. How many of you attended university outside ghana zero. I pity the low iq people who has wasted their time to voted for that dead goat.
Samwise 15 hours ago

If we have a stupid and foolish tribal bigots like asantes and a senseless idiot chief overseeing their ignorance and foolishness how do you expect them to comment sensibly.

If we have a stupid and foolish tribal bigots like asantes and a senseless idiot chief overseeing their ignorance and foolishness how do you expect them to comment sensibly.

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24-Hour Economy: 'They can't even explain, so how can they implement it?' - Dr Bawumia

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