{"id":3325,"date":"2024-12-22T17:16:25","date_gmt":"2024-12-22T17:16:25","guid":{"rendered":"https:\/\/gistme.net\/?p=3325"},"modified":"2024-12-22T17:16:28","modified_gmt":"2024-12-22T17:16:28","slug":"ghanas-economy-is-on-the-path-to-recovery","status":"publish","type":"post","link":"https:\/\/gistme.net\/index.php\/2024\/12\/22\/ghanas-economy-is-on-the-path-to-recovery\/","title":{"rendered":"Ghana&#8217;s Economy is on the Path to Recovery."},"content":{"rendered":"\n<p>The government&#8217;s efforts are paying off, and the economy is expected to grow by 4.9% in 2024 and 5.1% by 2025, according to Deloitte&#8217;s projections.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"678\" data-src=\"https:\/\/gistme.net\/wp-content\/uploads\/2024\/12\/IMG_7785-1024x678.webp\" alt=\"\" class=\"wp-image-3331 lazyload\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/678;\" \/><\/figure>\n\n\n\n<p>The government&#8217;s outstanding payments from last term were designed to stabilize the currency and slow down price increases. As prices stabilize, interest rates are expected to decrease, starting in 2025, making borrowing more accessible.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"682\" data-src=\"https:\/\/gistme.net\/wp-content\/uploads\/2024\/12\/IMG_7783-1024x682.webp\" alt=\"\" class=\"wp-image-3329 lazyload\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/682;\" \/><\/figure>\n\n\n\n<p>Deloitte highlighted the challenges the incoming president, Mahama, will face, including high inflation and economic difficulties. To address these challenges, Mahama&#8217;s strategy will need to be clear and focused on tax control. Additionally, he will need to renegotiate the terms of Ghana&#8217;s agreement with the International Monetary Fund (IMF), which is already underway.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"682\" data-src=\"https:\/\/gistme.net\/wp-content\/uploads\/2024\/12\/IMG_7784-1024x682.jpeg\" alt=\"\" class=\"wp-image-3330 lazyload\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/682;\" \/><\/figure>\n\n\n\n<p>Deloitte also emphasized the risks to Ghana&#8217;s economic development, including the local exchange rate, weather conditions, poor infrastructure, and slow payment of outstanding debts.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"678\" data-src=\"https:\/\/gistme.net\/wp-content\/uploads\/2024\/12\/IMG_7785-1024x678.webp\" alt=\"\" class=\"wp-image-3331 lazyload\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/678;\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Ghana&#8217;s Economy is on the Path to Recovery. <\/p>\n<p>The government&#8217;s efforts are paying off, and the economy is expected to grow by 4.9% in 2024 and 5.1% by 2025, according to Deloitte&#8217;s projections.<\/p>\n<p>The government&#8217;s outstanding payments from last term were designed to stabilize the currency and slow down price increases. As prices stabilize, interest rates are expected to decrease, starting in 2025, making borrowing more accessible.<\/p>\n<p>Deloitte highlighted the challenges the incoming president, Mahama, will face, including high inflation and economic difficulties. To address these challenges, Mahama&#8217;s strategy will need to be clear and focused on tax control. Additionally, he will need to renegotiate the terms of Ghana&#8217;s agreement with the International Monetary Fund (IMF), which is already underway.<\/p>\n<p>Deloitte also emphasized the risks to Ghana&#8217;s economic development, including the local exchange rate, weather conditions, poor infrastructure, and slow payment of outstanding debts.<\/p>\n","protected":false},"author":1,"featured_media":3329,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,18],"tags":[],"class_list":["post-3325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-latest","category-local"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/gistme.net\/index.php\/wp-json\/wp\/v2\/posts\/3325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gistme.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gistme.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gistme.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gistme.net\/index.php\/wp-json\/wp\/v2\/comments?post=3325"}],"version-history":[{"count":2,"href":"https:\/\/gistme.net\/index.php\/wp-json\/wp\/v2\/posts\/3325\/revisions"}],"predecessor-version":[{"id":3333,"href":"https:\/\/gistme.net\/index.php\/wp-json\/wp\/v2\/posts\/3325\/revisions\/3333"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gistme.net\/index.php\/wp-json\/wp\/v2\/media\/3329"}],"wp:attachment":[{"href":"https:\/\/gistme.net\/index.php\/wp-json\/wp\/v2\/media?parent=3325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gistme.net\/index.php\/wp-json\/wp\/v2\/categories?post=3325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gistme.net\/index.php\/wp-json\/wp\/v2\/tags?post=3325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}