Economy

Akufo-Addo’s claim on fuel queues in France misleading

President Nana Akufo-Addo on Sunday night responded to calls on him to address the nation on the rising cost of living and general economic crises. The president’s prime-time speech was meant to address the economic...

 Explainer: Russia and Ukraine are not part of countries with highest food inflation rate. But Ghana is

  The World Bank has announced that both Russia and War-torn -Ukraine are not part of the world's 10 highest food inflation-hit countries in the world. Ghana, however, is part, alongside Zimbabwe, Lebanon, Sri Lanka and...

Captain Smart’s claim on Ghana’s free electricity export to Togo completely false

On August 17, 2022, the host of Onua Maakye TV show, Blessed Godsbrain Smart, popularly known as Captain Smart, stated that Ghana distributed free electricity to Togo. Captain Smart said this when the Electricity Company of...

John Kumah’s claim on Ghana being the third strongest currency in Africa false

The Deputy Minister of Finance, Dr John Kumah, stated on Friday, September 9, 2022, that Ghana's cedi was currently the third strongest currency in Africa. According to him, claims that Ghana’s cedi was the worst...

John Kumah’s claim on total infractions in Auditor-General’s report false

About a week ago, the Deputy Minister of Finance, John Kumah, suggested that the total irregularities recorded in the 2021 Auditor-General’s report have dropped. John Kumah said he was of the belief that much could...

Here’s how electricity tariffs have changed in the last 10 years

The Electricity Company of Ghana (ECG) has proposed a 148% increase in electricity tariffs. According to the ECG, the increment is to cover 2020 to 2022, a period that has not witnessed any increase...

#BawumiaSpeaks: Here are the false, misleading claims in the Veep’s economy speech

Yesterday, Vice President Dr Mahamudu Bawumia addressed an auditorium packed with top government officials, the media, party leaders and the tertiary students wing (TESCON) of the governing New Patriotic Party (NPP). While his presentation was...

E-levy: This is what happened when other African countries passed it

The finance minister, Ken Ofori Atta, announced the government’s intention to introduce the Electronic Transactions Levy (E-levy) in November last year at the reading of the budget statement for the 2022 financial year. ‘’After considerable...

FACT-CHECK: Did the NDC plan to introduce E-levy?

The Minister of Finance and Economic Planning, Ken Ofori-Atta, has claimed that the National Democratic Congress (NDC) had planned, in the party’s 2020 manifesto, to introduce an electronic transactions levy (e-levy). He said this at...