New oil, Chinese investment, stable government, highest growth in the world: Ghana is a new success story. But be careful with the exact figures.
While all countries revise their GDP numbers and other accounts, Ghana’s revision of the data takes some beating. The Q2 GDP figure was reported in September as 33.5 per cent. The new figure? 16.4 per cent, less than half. Other numbers given for individual sectors are even further reduced.
A financial analyst and CEO of SEM Capital, Dr. Sam Mensah, has said that Ghana needs to raise its credit ratings as an alternative to facilitate any form of borrowing especially on the capital market.
He made the assertion during a roundtable discussion organized by the Danquah Institute and partnered by the World Bank and Citi FM on the three billion Chinese loan facility, which has been contracted by the Ghana government for various development projects.
Voter registration is highly complex and is the single most expensive activity within the framework of elections. Voter registration is not just the technical implementation of an activity; it is a holistic political, administrative and practical process. The role of voter registration is especially important when it comes
to emerging democracies: it can make or break an election. The quality of the process and the product – that is, the voters’ roll – can determine the outcome of an election and consequently the stability of the democratic institutions in acountry.
It has been revealed that Ghana has an unlimited access to the United States Exim Guarantee Bank and thus can access any amount of loans it requires for embarking on developmental projects of the country.
Mr Ryan Bowles, the Chief of the Economics Section at the US Embassy in Accra made this known in a discussion with the Executive Director of the Danquah Institute, Gabby Asare Otchere-Darko, at a roundtable discussion organised by DI to discuss the $3 billion Chinese loan facility.