• About
  • Advertise
  • Privacy & Policy
  • Contact
Extra News Ghana
Advertisement
  • Home
  • Lifestyle
    Ghana’s tallest man appeals for support: “I need surgery to stop my growth.”

    Ghana’s tallest man appeals for support: “I need surgery to stop my growth.”

    I’ll continue to bring black folks in America and Africa together. — Meek Mill

    I’ll continue to bring black folks in America and Africa together. — Meek Mill

    A Year of Lives Lost to Diseases Science Has Yet to Tame

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • AGRICULTURE
  • GOVERNMENT AND POLITICS
  • RELIGION
  • SHOWBIZ
  • SPORTS
  • VIDEOS
  • WORLD NEWS
  • About us
  • Advertise
No Result
View All Result
  • Home
  • Lifestyle
    Ghana’s tallest man appeals for support: “I need surgery to stop my growth.”

    Ghana’s tallest man appeals for support: “I need surgery to stop my growth.”

    I’ll continue to bring black folks in America and Africa together. — Meek Mill

    I’ll continue to bring black folks in America and Africa together. — Meek Mill

    A Year of Lives Lost to Diseases Science Has Yet to Tame

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • AGRICULTURE
  • GOVERNMENT AND POLITICS
  • RELIGION
  • SHOWBIZ
  • SPORTS
  • VIDEOS
  • WORLD NEWS
  • About us
  • Advertise
No Result
View All Result
Extra News Ghana
No Result
View All Result
Home General

Bawumia blames economic woes on Covid-19, Ukraine-Russia war, banking reforms

by
18 August 2022
in General
0
Bawumia blames economic woes on Covid-19, Ukraine-Russia war, banking reforms
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Government has blamed the country’s economic crisis on the effects of the banking reforms, Covid-19 and the Ukraine-Russia war.

Vice President Dr Mahamudu Bawumia speaking on Wednesday explained that the banking reforms cost the nation $7 billion.

An amount, he argued could have been invested in the country’s economy if not for the negligence of the previous government.

“We had to undertake a major banking crisis reform. At that time, 2018/2019, it cost almost $7 billion in order to save the banking system. Now the choice that was available was that either you let the banking system collapse or you save there was really no middle way.

“So we had to save the banking system and the deposits of 4.6 million people [were safe],” he said.

He was speaking at this year’s Internal Audit Conference in Accra on Tuesday.

Regarding Covid-19, the Vice President noted that during those deadly times, government was more focused on saving lives than the country’s fiscal discipline.

This, he indicated came at a very expensive cost to the nation.

“We had the worst economic depression since the 1930s in the global economy. Of course from the President’s point of view at the time of Covid-19, the emphasis was on saving lives and not on fiscal discipline.

“So yes, we focused on saving lives at great fiscal cost,” he noted.

Dr Bawumia, subsequently, noted that as government was strategising to revitalise the economy, the Ukraine-Russia war started, thus, setting achievements chalked downhill.

However, Dr Bawumia reassured the citizenry that all hope is not yet lost.

According to him, the Akufo-Addo administration is committed to resuscitating the ailing economy.

He was optimistic that with the several interventions being implemented, Ghana’s currency will appreciate and the economy will bounce back.

Source: Myjoyonline

Stay Connected test

  • 23.7k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
A MOTHER IS STILL A MOTHER…: BY RHEDD_MAYA

A MOTHER IS STILL A MOTHER…: BY RHEDD_MAYA

10 May 2020
Government Bans Mallams & Fetish Priests from broadcasting on TV

Government Bans Mallams & Fetish Priests from broadcasting on TV

29 April 2020
Popular journalist reveals region Mahama’s running mate will come from

Popular journalist reveals region Mahama’s running mate will come from

29 April 2020
ICGC UPPER ROOM TEMPLE FELLOWSHIPS AMID COVID 19 LOCKDOWN

ICGC UPPER ROOM TEMPLE FELLOWSHIPS AMID COVID 19 LOCKDOWN

25 April 2021
BREAKING THE ‘8’ IS THE ACUMEN OF THE NPP FOOT SOLDIERS

BREAKING THE ‘8’ IS THE ACUMEN OF THE NPP FOOT SOLDIERS

1
MARRIAGE CONNECT 2022 – By Save Marriage Foundation

MARRIAGE CONNECT 2022 – By Save Marriage Foundation

1
ICGC UPPER ROOM TEMPLE FELLOWSHIPS AMID COVID 19 LOCKDOWN

ICGC UPPER ROOM TEMPLE FELLOWSHIPS AMID COVID 19 LOCKDOWN

0
The Champ; Floyd Mayweather & Team Rides through LA with no mask despite Covid 19 &  Social Distancing Warnings

The Champ; Floyd Mayweather & Team Rides through LA with no mask despite Covid 19 & Social Distancing Warnings

0
Today’s anticipated resignation of Agriculture Minister Afriyie Akoto

Today’s anticipated resignation of Agriculture Minister Afriyie Akoto

10 January 2023
Ghana’s tallest man appeals for support: “I need surgery to stop my growth.”

Ghana’s tallest man appeals for support: “I need surgery to stop my growth.”

10 January 2023
Parliament will grill the national security minister on the Meek Mill video.

Parliament will grill the national security minister on the Meek Mill video.

10 January 2023
I’ll continue to bring black folks in America and Africa together. — Meek Mill

I’ll continue to bring black folks in America and Africa together. — Meek Mill

10 January 2023

Recent News

Today’s anticipated resignation of Agriculture Minister Afriyie Akoto

Today’s anticipated resignation of Agriculture Minister Afriyie Akoto

10 January 2023
Ghana’s tallest man appeals for support: “I need surgery to stop my growth.”

Ghana’s tallest man appeals for support: “I need surgery to stop my growth.”

10 January 2023
Parliament will grill the national security minister on the Meek Mill video.

Parliament will grill the national security minister on the Meek Mill video.

10 January 2023
I’ll continue to bring black folks in America and Africa together. — Meek Mill

I’ll continue to bring black folks in America and Africa together. — Meek Mill

10 January 2023
Extra News Ghana

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow Us

Browse by Category

  • AGRICULTURE
  • Dating Online
  • General
  • GOVERNMENT AND POLITICS
  • Lifestyle
  • RELIGION
  • SHOWBIZ
  • SPORTS
  • VIDEOS
  • WORLD NEWS

Recent News

Today’s anticipated resignation of Agriculture Minister Afriyie Akoto

Today’s anticipated resignation of Agriculture Minister Afriyie Akoto

10 January 2023
Ghana’s tallest man appeals for support: “I need surgery to stop my growth.”

Ghana’s tallest man appeals for support: “I need surgery to stop my growth.”

10 January 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Lifestyle
  • AGRICULTURE
  • GOVERNMENT AND POLITICS
  • RELIGION
  • SHOWBIZ
  • SPORTS
  • VIDEOS
  • WORLD NEWS
  • About us
  • Advertise

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.