• About us
  • Donate
  • WADR
  • Contact us
  • Live Stream
Friday, June 9, 2023
Loud Silence News
Advertisement
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
No Result
View All Result
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
No Result
View All Result
Loud Silence News
No Result
View All Result
Home Ghana News Ghana Business

Ghana’s Economy in a deep deep Mess, Government must be transparent to Ghanaians- World Bank

News Reporter by News Reporter
March 8, 2022
in Ghana Business
0
443
SHARES
2.5k
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

Pierre Frank Laporte, World Bank Country Director for Ghana, Liberia and Sierra Leone
Tue, 8 Mar 2022Source: www.ghanaweb.com
Ghana faces a tough time to restore macro-economic sustainability – World Bank

International rating agencies downgrade Ghana’s creditworthiness

You might also like

No More Talks, when fuel prices increase we will also increase fares – Commercial drivers

4More To Do More: Prices of coffins and caskets in Kumasi to increase from next week

Ghana’s 2023 Budget To Delay Because Ofori Atta Gave wrong Figures to IMF

Government struggling to pass key legislation in Parliament

The World Bank has admonished the Government of Ghana to remain transparent with citizens on the country’s current economic situation.

According to Country Director of the World Bank for Ghana, Pierre Laporte predicts Ghana will face a tough time in its bid towards restoring macro-economic sustainability.

Speaking at a public lecture organised by the OneGhana Movement on Monday March 7, 2022, the World Bank Country Director described Ghana’s economic situation as ‘very serious’.

“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,” Pierre Laporte cautioned.

“Yes, COVID-19 has not helped. But even before COVID-19, there were signs that the situation was getting a little bit challenging. So, the key thing is to be transparent with the people. 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,” he added.

Meanwhile, on the international capital markets, investors have signaled uncertainty about Ghana’s economic outlook and prospects.

Key rating agencies such as Moody’s Investor Services and Fitch Ratings have all downgraded Ghana’s creditworthiness.

Already, government is struggling to approve key legislation in Parliament despite presenting its 2022 budget statement in November last year.

Previous Post

‘PNDC under Rawlings sent people to kill Palmer-Buckle’ – Rev Dr Opuni-Frimpong

Next Post

WADR:BBC Gave a Clue

News Reporter

News Reporter

Related Posts

No More Talks, when fuel prices increase we will also increase fares – Commercial drivers
Ghana Business

No More Talks, when fuel prices increase we will also increase fares – Commercial drivers

by News Reporter
November 3, 2022
4More To Do More: Prices of coffins and caskets in Kumasi to increase from next week
Ghana Business

4More To Do More: Prices of coffins and caskets in Kumasi to increase from next week

by News Reporter
November 3, 2022
Ghana’s 2023 Budget To Delay Because Ofori Atta Gave wrong Figures to IMF
Ghana Business

Ghana’s 2023 Budget To Delay Because Ofori Atta Gave wrong Figures to IMF

by News Reporter
November 3, 2022
GPRTU to increase transport fares by 19%
Ghana Business

GPRTU to increase transport fares by 19%

by News Reporter
October 26, 2022
Transport fares to be Increased on Monday
Ghana Business

Transport fares to be Increased on Monday

by News Reporter
October 21, 2022
Next Post

WADR:BBC Gave a Clue

Recommended

WADR: Fact Checking the widely Circulated Lies

February 11, 2022
How Trump has broken the polls

How Trump has broken the polls

May 3, 2020

Categories

  • African Business
  • African Education
  • African Health
  • African News
  • African Politics
  • African ShowBiz
  • Education
  • Ghana Business
  • Ghana News
  • Ghana ShowBiz
  • Ghana Sports
  • Human Interest Stories
  • News
  • Opinion
  • People
  • ShowBiz
  • Social Trends
  • US Business
  • US Education
  • US Health
  • US News
  • US Politics
  • US Showbiz
  • WADR
  • World Business
  • World News
  • World Politics
  • World Showbiz
  • World Sports

Don't miss it

Evans Mensah of Joy Fm Takes Bribe to Kill Stories Exposed
Ghana News

Evans Mensah of Joy Fm Takes Bribe to Kill Stories Exposed

May 20, 2023
Court remands man for insulting Akufo-Addo
Ghana News

Court remands man for insulting Akufo-Addo

May 17, 2023
Akufo Addo and Bawumia increases electricity tariff by 18.36%
Ghana News

Akufo Addo and Bawumia increases electricity tariff by 18.36%

May 17, 2023
Prof. Frimpong Boateng Admits Intercepted Documents Shown By Kevin Taylor are Legit Documents He Wrote to Prez. Akufo Addo
Ghana News

Prof. Frimpong Boateng Admits Intercepted Documents Shown By Kevin Taylor are Legit Documents He Wrote to Prez. Akufo Addo

April 18, 2023
Documents: Jubilee House Galamsey Gangs
Ghana News

Documents: Jubilee House Galamsey Gangs

April 17, 2023
Breaking: ECG cut Power Supply to Tema Oil Refinery over failure to pay 10 Million Cedis debt
Ghana News

Breaking: ECG cut Power Supply to Tema Oil Refinery over failure to pay 10 Million Cedis debt

April 12, 2023

About Us

LOGO

Loud Silence Radio & TV Network and is a multi media production company focusing on Ghanaian and African news.

Contact

  • Alexandria, Virginia, USA
  • +1 212-602-9641
  • loudsilenceradio@gmail.com
Facebook Twitter Youtube Linkedin

Download App

google play store

© 2021 Loud Silence Media. All rights reserved.

  • About us
  • Contact us
  • Donate
  • Live Stream
  • Privacy Policy
  • Terms of Use
Menu
  • About us
  • Contact us
  • Donate
  • Live Stream
  • Privacy Policy
  • Terms of Use
No Result
View All Result
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.