Tag: Bawumia
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Ghana is the best destination for investment in West Africa – Bawumia
The Vice President, Dr. Mahamudu Bawumia, has stated that despite the existing economic challenges, Ghana remains the most favourable investment destination in the West African Sub-region. In his opinion, the $3 billion support received from the International Monetary Fund (IMF) will contribute to the stabilization of the Ghanaian economy. Dr. Bawumia expressed confidence that investors…
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Demand better offers from developed countries – Bawumia tells African leaders
Vice President Dr. Mahamudu Bawumia has urged African countries to demand more from Western countries that seek development assistance. According to Dr. Bawumia, the West’s recent rush for Africa’s support means the continent must demand larger shares. His remark comes in the wake of what many regard as the superpowers’ desperation for Africa’s partnership. The…
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Africa’s participation in 4th industrial revolution must be based on data, transparent systems – Bawumia
Vice President Dr. Mahamudu Bawumia has said one of the setups African countries face in their attempt to transform their economies is the lack of data and transparent systems. According to him, most countries in the African continent take decisions in the governance and management of their economies without any proper and consolidated data. This…
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Dumsor: Bawumia laments GRIDCo’s power transmission deficiencies
The Vice President, Dr. Mahamudu Bawumia has lamented the inability of the Ghana Grid Company Limited (GRIDCo) to operate at optimum level in the country. It says the company is struggling with transmission challenges as a result of obsolete distribution equipment. [contextly_sidebar id=”jc5XqNtbzp2yG9Twf5eczQbEeo11blE6″]Explaining the recent power cuts at a town hall meeting on Wednesday, Dr. Bawumia…
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BoG didn’t pump money into economy to stabilize cedi – Bawumia
The Bank of Ghana did not inject $800m into the country’s international reserves in order to stabilize the cedi when it sharply depreciated against its major trading currencies in March 2019. This is according to the Vice President, Dr. Mahamudu Bawumia. Dr. Bawumia, who is also the chairman of the government’s Economic Management Team while…
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We’ll reduce import values by 50% by Thursday – Bawumia
The government will reduce benchmark import values at Ghana’s ports by 50% effective Thursday, 4th April 2019. The Vice President, Mahamudu Bawumia who made this known at a town hall Meeting on Wednesday said the import value for cars will also be reduced by 30%. “To reduce the incidence of smuggling and enhance revenue, the…
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Ghana exits IMF programme – Bawumia
Ghana has officially exited the International Monetary Fund (IMF) programme. The Vice President, Mohamadu Bawumia said Ghana officially exited the IMF’s extended credit facility arrangement on Tuesday, April 2, 2019. “…It was only yesterday [Tuesday] that Ghana formally and successfully completed the IMF programme that we inherited in 2017,” he said at a townhall meeting…