The Republic of Ghana benefits from strong GDP growth, strengthening oil production volumes, and a track record of political stability. However, it continues to suffer from weak fiscal management highlighted by a widening of the fiscal deficit in 2010 and increased supplier arrears.

We are therefore affirming our 'B/B' foreign- and local-currency sovereign credit ratings on the Republic of Ghana. The stable outlook balances our view of the country's strong growth prospects and track record of political stability against its weak payment culture and fiscal challenges.


Figures from the West African Examinations Council show that the pass-rate of students who sat for the Basic Education Certificate Examination has been on a constant downward decline since 2009. In sum, out of the total number of 1,121,817 students who sat for the BECE in the past three years, 574,688 failed to achieve the pass mark.

This means that more than half a million young people, with an average age of 15 years, have been thrown onto the streets with no employable skills in the past three years alone.


A national opinion poll conducted by international market research organization, Synovate, has the 2012 Presidential Candidate of the New Patriotic Party, Nana Addo Dankwa Akufo-Addo, 5 percentage points ahead of his closest rival, President JEA Mills, Presidential Candidate of the ruling National Democratic Congress, in the run up to the 2012 general elections.

However, if elections were held today Nana Akufo-Addo would lead but still fall short of the more than 50% mark required for outright victory. The opinion poll carried out in September this year surveyed a total of 1,723 respondents.


The World Bank has urged Ghanaians to expand public discussions on the controversial record loan facility from China to focus more on interrogating the efficient use of the funds and the nature and scope of the projects selected in order to achieve the desired national development results.

Speaking at a public forum on the $3 billion Chinese Development Bank loan for infrastructural development, organized by the Danquah Institute, the resident Chief Economist of the World Bank, Sebastien Dessus, has called for a competent assessment of infrastructural projects to ensure that Ghana consistently gets value for money and that such investment spending does not disturb future national budgets and the country’s ability to pay off its debts.


Other Stories

Revealed: Britons to be asked for NI number, date of birth and signature to get right to vote
Every Briton will be asked to hand over their National Insurance number and signature to keep their right to vote, under new plans. The information will be added to local electoral registers and held at city halls across the country, raising concerns about the security of the data. The Government also admitted that the new plans could discourage people from voting.Last night campaigners sounded the alarm about the plans, which are to be introduced after July, suggesting that the breadth of information which will be held by councils will present “the perfect kit for identity fraud”.
DI's Compartive Firgures for Ghana's Fiscal Deficit &GDP
The Ghana statistical service have revised GDP using 2006 as base year instead of 1993. With 2006 as the new base year, the rebased economy has grown by 60 percent, while the provisional estimate puts per capita Gross Domestic Product (GDP) at US$1,318.36, against the existing estimate of US$753. Here the Danquah Institute provides comparative figures to show what it means to Ghana's fiscal deficit and public debt to GDP ratio. more >>>
Enough of the Rhetorics: Ghanaians Need Sustainable Solutions To The Energy Crisis.
The frustrations of Ghanaians keep growing by the day at the inability of elected officials to show leadership in the handling of the energy crisis that currently engulfs the entire space of Ghana. From children and schools that need light for their studies at night, the hospital laboratories and theatres needing reliable power to save lives, the cottage and large scale factories in the villages and cities respectively that need reliable and affordable power to sustainably remain competitive with the global trends, Ghanaians are simply tired of the regular excuses and description of age old problems by policy makers without actions to resolving them. And the Danquah Institute fully identifies with the plight of these ordinary Ghanaians, who have to continuously bear with this unbearable circumstance without the benefit of any reasonable hope of a lasting solution to the current energy crisis situation from its elected leaders, enabled by their mandate to solve these problems on their behalf.
Ghana Lauded For Its Democratic Credentials
Mr Ralf Wittek, Country Representative of Hanns Seidel Foundation, a based German organisation which specializes in political education, has lauded Ghana for the successes it had chalked as far as democracy on the African continent was concerned. He also lauded the civil society for forming an integral part of Ghana’s public discussions landscape and for helping to educate the citizenry on issues of governance.Mr Ralf Wittek, Country Representative of Hanns Seidel Foundation, a based German organisation which specializes in political education, has lauded Ghana for the successes it had chalked as far as democracy on the African continent was concerned.
The Deficit In Parliamentary Oversight In The Fight Against Corruption by HON. OSEI-KYEI MENSAH-BUNSO
Before we can proceed to identify the oversight responsibility of Parliament in a democracy, it is imperative to be clear about what our own understanding of ‘democracy’ is. As a concept, democracy is innate and almost universally accepted as both ideal and a goal. It is foundationed on shared values of humanity in spite of cultural, social, political and economic differences which may exist between and among people. The pivotal object of democracy is to protect and promote the fundamental rights of the individual to achieve social justice, facilitate social and economic development of the communities, strengthen the cohesion of society and engender a congenial environment for sustainable peace, domestically and internationally.
Required proof for criminal allegations in election petitions
It is elementary, yet fundamental, that every criminal allegation must be proved beyond all reasonable doubt to earn a conviction. This much is at the heart of developed theories of criminal justice in many cultures. However, England’s William Blackstone was quoted to have said, “better that ten guilty persons escape than that one innocent suffer”. Lord Sankey, of the English House of Lords, subsequently summarised the core postulation through his famous ‘Golden Thread’ speech that, “Throughout the web of the English Criminal Law, one golden thread is always to be seen, that it is the duty of the prosecution to prove the prisoner’s guilt…If at the end of the case, there is a reasonable doubt created by the evidence given by either the prosecution or the prisoner,…..the prosecution has not made out the case and the prisoner is entitled to an acquittal. No matter what the charge and where the trial, the principle that the prosecution must prove the guilt of the prisoner is part of the Common Law of England and no attempt to whittle it down can be entertained” Woolmington v DPP (1935) AC 462.
After experiencing inflation of 40.5% plus in 1999-2000, inflation in Ghana is currently 9.08%. The current government is boasting that it has consistently brought inflation down from the highest of 22% from mid 2009. The NPP administration naturally credited itself for bringing inflation down from 40.5% to the 18% in 2008 when they left power. In this paper I intend to look at the policies both administration worked on to bring down the figures. In the developed economies, sound monetary and fiscal policies are the most important tools for maintaining low inflation. The central bank’s monetary policy committees are given an inflation target by the government. The first step is for the central bank to try and predict future inflation. They look at various economic statistics and try to decide whether the economy is overheating. If inflation is forecast to increase above the target, the central bank will increase interest rates. Most central banks have used interest rates to try and achieve inflationary target.
Site for Upper West Regional hospital covered by weeds
A visit to the proposed site for the construction of the Upper West Regional Hospital, in Wa, by Dr. Mahamudu Bawumia and a team of media men indicates that nearly two years after the sod was cut for construction of the Hospital to begin, not even a single block has been laid on the site.Despite assurances by President Mahama almost three months ago that funding had been fully secured for construction of the hospital to begin, and the project completed within a few months, the site for the proposed hospital has been completely taken over by weeds.
Of late Ghanaians have become obsessed with throwing electoral ‘jargons’ around arising from the recent Election Petition in the Supreme Court of Ghana and most people have overnight turned themselves into Electoral Specialists in view of the enormous interest generated during the petition hearing. However, there are still lack of clarity and understanding in some of the widely used electoral terminologies. The Centre for African Democratic Affairs (CADA) a ‘Think Tank’ of Election Experts, has taken upon itself the challenge to critically examine some of the terms that created confusion in the minds of people during the court proceedings. One of such terminologies is over voting whose definition is still ambiguous even after the ruling of the Supreme Court. CADA therefore discusses the term Over Voting in the first of its series.
Evidence Of Malpractices, Violations And Irregularities In The 2012 Presidential Election