• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Ghana’s Economy Not Broke, Says President Akufo-Addo

7 months ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
128
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Ghana’s Economy Not Broke, Says President Akufo-Addo

President Nana Addo Dankwa Akufo-Addo has dismissed claims suggesting that Ghana is economically bankrupt, describing such assertions as propaganda.

In his final State of the Nation Address delivered to Parliament on Friday morning, the President provided data to back his position, emphasizing the country’s economic recovery.

“The country is not as broke as some propagandists will want us to believe,” he stated confidently.

Highlighting the progress made under his administration, President Akufo-Addo noted that Ghana’s economic growth has rebounded to pre-COVID-19 levels, marking a significant recovery from the challenges posed by the global pandemic.

He noted that despite the challenges, the country had successfully passed through three successive reviews by the IMF board, with the most recent review approved on December 2, 2024, leading to the disbursement of $360 million and a total disbursement of $1.92 billion.

The President then revealed that the government is handing over the country with gross international reserves of almost $8 billion, which is more than the $6.2 billion inherited in 2017.

RelatedPosts

CHAN 2024: Kenya Holds Angola to Draw While DR Congo Claims Vital Win Over Zambia

Teen Sensation Victoria Mboko Stuns Naomi Osaka to Claim Maiden WTA 1000 Title at Canadian Open

Government Unveils Plan to Grow Textile and Garment Industry to $2bn by 2033

“Economic growth has returned to pre-COVID trajectory with impressive growth rate, rising from 4.8% growth rate to 7% in the 2nd quarter and 7.2% in the 3rd quarter. This year, the growth rate is projected to be 6.3%, significantly higher than the 3.4% my administration inherited in 2017.

“The growth of the economy is further reflected in the growth of private sector credit which grew by 28.8% in October 2024,” the President added.

He expressed confidence that the economy has recovered strongly and faster than projected, with the crisis now considered over.

The President’s remarks aimed to counter widespread concerns about the state of Ghana’s economy, as the nation continues its efforts to stabilize and sustain growth in the coming years.

 

Tags: Economy Not BrokeGhana’s Economy Not BrokeSays President Akufo-Addo

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Top 10 African Countries With The Least Recovery in GDP From the COVID Year to 2025

GSE Ends Thursday’s Session Higher as Market Capitalisation Gains GHS 2bn

President Mahama’s Speech as he Addresses Nation After Military Helicopter Crash [Full Text]

President Mahama Pledges Full, Transparent Probe into August 6 Military Helicopter Crash

State Funeral for Victims of Military Helicopter Crash Scheduled for August 15 – President Mahama

Black Box of Crashed Military Helicopter Recovered – Ashanti Regional Minister Confirms

Trending

Features

CHAN 2024: Kenya Holds Angola to Draw While DR Congo Claims Vital Win Over Zambia

August 8, 2025

CHAN 2024: Kenya Holds Angola to Draw While DR Congo Claims Vital Win Over Zambia The TotalEnergies...

Teen Sensation Victoria Mboko Stuns Naomi Osaka to Claim Maiden WTA 1000 Title at Canadian Open

August 8, 2025

Government Unveils Plan to Grow Textile and Garment Industry to $2bn by 2033

August 8, 2025

Top 10 African Countries With The Least Recovery in GDP From the COVID Year to 2025

August 8, 2025

GSE Ends Thursday’s Session Higher as Market Capitalisation Gains GHS 2bn

August 8, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.