Economy slows as inflation jumps

Read Comments Comments (6)

• Cephas Attah 12 years ago

  It was obvious that should UK and US economies pick, Ghana economy will decline..lnvestors will shift investment from commodities to other alternatives thereby affecting demands of these commodities including Gold.Higher dem ...
  read full comment

  It was obvious that should UK and US economies pick, Ghana economy will decline..lnvestors will shift investment from commodities to other alternatives thereby affecting demands of these commodities including Gold.Higher demands for import goods because of the fact that single spines paved the way for hiper taste for foreign goods. To sustain growth pace, , government needs to readjust its wage policies and begin to use the retain money to invest in infrastructure development and step up industrial revolution. If corruption is curbed and fiscal debts controlled, inflation and problems of interest rates will see positive signs. Finally the seemingly political unrest in the country should come to an end as potential foreign economic players are scared to come in to invest. Security issues are harming business activities which is further reducing business conference. Government should sit up in the face of court litigations and develop credible policies that would move the country forward. God bless Ghana.

  reply
• Sakura 12 years ago

  Cephas I don't understand your economic thinking. As an ordinary citizen, why should the Ghanaian economy slowdown when the UK and the US economies pick up? I thought these were our two big export markets. Cephas you may be s ...
  read full comment

  Cephas I don't understand your economic thinking. As an ordinary citizen, why should the Ghanaian economy slowdown when the UK and the US economies pick up? I thought these were our two big export markets. Cephas you may be straddling so many issues that may be unrelated to economic growth in the US and UK.

  reply
• Cephas Attah 12 years ago

  Sakura, l can't explain further. The prices of our main export earners are loosing values in these economies including Asian markets because investors no longer saddle with investment constraints compare to last few ye ...
  read full comment

  Sakura, l can't explain further. The prices of our main export earners are loosing values in these economies including Asian markets because investors no longer saddle with investment constraints compare to last few years of economic downturn of these major powers.Unless we add values to our traditional exports by improving our industrial development, our revenue level is going to reduce drastically thereby sinking the Ghanaian economy. Read what is happening to GOLD prices in the international market now and compare its performance last year when Eu-US economies we're flat on the ground. If EU-US however allow much of our trades to enter their markets than in the past, pourquois pas?

  reply
• Rosemond, Germany 12 years ago

  Can´t the gov´t of Ghana do anything about our cedi, we are not in America the people of Ghana are suffering too much please sit up and if possible change this Kuffour Ghana New Cedi.

  Can´t the gov´t of Ghana do anything about our cedi, we are not in America the people of Ghana are suffering too much please sit up and if possible change this Kuffour Ghana New Cedi.

  reply
• Sakura 12 years ago

  What are you talking about? This has nothing to do with Kuffour. Please rest if you nothing to say. A weaker currency is actually good for our exporters. The issue is the level of an optimal weak currency.

  What are you talking about? This has nothing to do with Kuffour. Please rest if you nothing to say. A weaker currency is actually good for our exporters. The issue is the level of an optimal weak currency.

  reply
• Sankofa 12 years ago

  A rise in inflation of 0.3 percentage points is hardly a jump.
  
  BfT should stop misleading the public.

  A rise in inflation of 0.3 percentage points is hardly a jump.
  
  BfT should stop misleading the public.

  reply