Read Time: 2 minutes
A revelation has been made by the World Bank indicating that Ghana’s economy started wobbling in the woods before the world started battling the Covid-19 outbreak.
World Bank country director Mr Pierre Frank Laporte revealed during a public lecture by the One Ghana Movement that, the current economic situation Ghana is faced with was expected
This follows the government’s constant blaming of the Covid-19 pandemic for the current economic woes of the country.
Which has impacted Ghanaians as they have to deal with the high inflation rate and cost of living.
Mr Laporte also indicated that his outfit had spoken to the Finance Minister, who “acknowledges the severity of the situation.”
“Yes, Covid-19 has not helped, but even before Covid-19, there were signs that the situation was getting a little bit more challenging. The key thing is to be transparent with the people,” he noted.
“Is it a really serious situation? Well, the numbers speak for themselves. The situation is very serious. At the World Bank, we’ve not hidden the fact when we’ve held discussions with government officials and even the head of state that, Ghana faces a very tough road ahead to restore macro sustainability.”
Mr Laporte reiterated that finding a solution was key.
“Yes, the figures speak for themselves, but not everybody is as educated as we are. Not everyone understands what the numbers mean, so it is important to talk about it like we are doing. More important is for us to find solutions for the problem.”
Recently government was not enraged with some credit rating agencies after a general downgrading of Ghana’s long-term foreign currency sovereign rating.
.
Outstanding feature
Outstanding feature
Thanks for discussing the issues and covering them in a well written format.
The clarity in your post is just nice and I can tell you are an expert in the subject matter.
Transform your interiors with copper effect tiles, the perfect blend of style and durability. Our copper effect bathroom tiles bring spa-like warmth and elegance to wet areas, while the robust copper effect floor tiles add an industrial yet luxurious touch to living spaces. Crafted from premium porcelain, these copper look porcelain tiles capture the rich, oxidised beauty of real metal with all the benefits of easy maintenance, stain resistance, and long-lasting performance. Available in a striking 60×120 copper floor tiles format, they create a seamless, contemporary look with minimal grout lines, making them an ideal choice for modern homes and commercial projects alike.
Hello there I am so delighted I found your weblog, I really found you by mistake, while I was searching on Google for something else, Anyhow I am here now and would just like to say cheers for a remarkable post and a all round exciting blog (I also love the theme/design), I don’t have time to browse it all at the moment but I have book-marked it and also included your RSS feeds, so when I have time I will be back to read a lot more, Please do keep up the superb work.
I discovered your weblog site on google and verify just a few of your early posts. Proceed to maintain up the very good operate. I simply further up your RSS feed to my MSN News Reader.