Business News of Tuesday, 11 March 2025
Source: www.ghanawebbers.com
It seems like the discussion around Ghana's GDP growth in 2024 is highlighting both economic resilience and underlying structural challenges. While the 5.7% growth is impressive, the sharp drop in Q4 suggests that illegal mining might have played a significant role in earlier growth figures.
Mussa Dankwah's call for new sources of growth is valid—relying on unsustainable mining practices is not a long-term solution. Ghana needs to diversify its economy, focusing on industries like manufacturing, technology, agriculture, and services to sustain growth without harming the environment.
Dr. Boako's comments also bring up an important point about debt sustainability. A public debt-to-GDP ratio of 61.8% is an improvement, but the claim that the economy was doing well before the NDC took over is likely to spark political debate.
Do you think the government will take concrete steps to promote alternative economic drivers, or will mining remain central despite environmental concerns?