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THE BIG FIVE HIT THE STREETS TOMORROW Upgraded ZiG banknotes begin circulating this Tuesday, backed by a significant rise in reserves to US$1.3 billion as of March 2026. Bindura University’s Dr Zachary Tambudzai, Dean of the Faculty of Commerce, says the rollout signals a firm commitment to increasing demand... show more

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17,943 views • 4 months ago •via X (Twitter)

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The improved ZiG banknote series, the BiG 5 will be in circulation from 7 April 2026. This is not a new currency but an upgrade of the bank notes. #Stable #Secure #Sustainable

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To further illustrate the enormity of the economic burden, we inherited: • An IMF programme which had derailed and completely gone off-track, with key targets missed, putting our economic recovery programme in jeopardy. In the words of the Deputy Managing Director of the IMF, Mr. Bo Li, “the programme had deviated substantially from its targets by the close of 2024.” • Weak commitment control systems and irresponsible spending left arrears of about GH¢67 billion and contract commitments of over GH¢194 billion. • A bleeding energy sector with annual financing shortfalls in excess of US$1.5 billion. • A debt-ridden cocoa sector with liabilities of GH¢32 billion. • A weak financial sector with significant non-performing loans (NPLs), despite pumping over GH¢30 billion into a so-called financial sector clean-up. • Steep debt repayment humps in 2026 (GH¢20 billion), 2027 (GH¢50.3 billion) and 2028 (GH¢45.8 billion), as well as significant short-term treasury bill maturities of GH¢137 billion. • Depleted buffers needed to cushion us against fiscal and external shocks, with an empty Sinking Fund. • Stalled projects—about 55 of them—tied to bilateral debt restructuring with about US$3 billion in undisbursed loans. The root of our 2022 economic crisis can be traced directly to an overbearing fiscal dominance marked by reckless spending and corruption, compounded by poor leadership of the previous administration. The worsened fiscal situation spilled over into the monetary and external sectors, causing a rapid depreciation of the Ghana Cedi. Monetary financing by the Bank of Ghana reached an all-time high, driving inflation to levels never seen in decades. There was a complete lack of coordination between the Ministry of Finance and the Bank of Ghana, signaling the highest levels of incompetence in the management of the economy. In the face of this dire inheritance bequeathed by the Akufo-Addo/Bawumia administration, the government of President John Dramani Mahama made a conscious decision not to make excuses, but to reset the country.

To further illustrate the enormity of the economic burden, we inherited: • An IMF programme which had derailed and completely gone off-track, with key targets missed, putting our economic recovery programme in jeopardy. In the words of the Deputy Managing Director of the IMF, Mr. Bo Li, “the programme had deviated substantially from its targets by the close of 2024.” • Weak commitment control systems and irresponsible spending left arrears of about GH¢67 billion and contract commitments of over GH¢194 billion. • A bleeding energy sector with annual financing shortfalls in excess of US$1.5 billion. • A debt-ridden cocoa sector with liabilities of GH¢32 billion. • A weak financial sector with significant non-performing loans (NPLs), despite pumping over GH¢30 billion into a so-called financial sector clean-up. • Steep debt repayment humps in 2026 (GH¢20 billion), 2027 (GH¢50.3 billion) and 2028 (GH¢45.8 billion), as well as significant short-term treasury bill maturities of GH¢137 billion. • Depleted buffers needed to cushion us against fiscal and external shocks, with an empty Sinking Fund. • Stalled projects—about 55 of them—tied to bilateral debt restructuring with about US$3 billion in undisbursed loans. The root of our 2022 economic crisis can be traced directly to an overbearing fiscal dominance marked by reckless spending and corruption, compounded by poor leadership of the previous administration. The worsened fiscal situation spilled over into the monetary and external sectors, causing a rapid depreciation of the Ghana Cedi. Monetary financing by the Bank of Ghana reached an all-time high, driving inflation to levels never seen in decades. There was a complete lack of coordination between the Ministry of Finance and the Bank of Ghana, signaling the highest levels of incompetence in the management of the economy. In the face of this dire inheritance bequeathed by the Akufo-Addo/Bawumia administration, the government of President John Dramani Mahama made a conscious decision not to make excuses, but to reset the country.

Cassiel Ato Forson (PhD)

14,996 views • 1 year ago

Yesterday marked the start of the Days of Remembrance — America’s annual commemoration of the Holocaust. As we see a rise in antisemitism, we must stand firm in our commitment to #NeverAgain allow such atrocities and antisemitism to take place, EVER. I’m honored to serve on the US Holocaust Museum Council and help the world remember the millions of lives lost, while supporting Jewish communities across our nation.

Yesterday marked the start of the Days of Remembrance — America’s annual commemoration of the Holocaust. As we see a rise in antisemitism, we must stand firm in our commitment to #NeverAgain allow such atrocities and antisemitism to take place, EVER. I’m honored to serve on the US Holocaust Museum Council and help the world remember the millions of lives lost, while supporting Jewish communities across our nation.

Rick Scott

14,202 views • 4 months ago

As managers of the economy, we have remained steadfast in our duty to ensure a strong and stable Cedi. Our strong commitment to fiscal discipline, has contributed to the strengthening of the currency. We remain committed, and we shall stay the course to ensure that the Cedi’s gains are maintained. As citizens, we have a role to play. We must maintain the sanctity of the Cedi as a legal tender, by preserving it with dignity and protecting it jealously. Let me use this opportunity to remind Ghanaians that the US dollar is not our currency. The continuous pricing of goods and services in US dollar will only hurt us. Let’s stop it!

As managers of the economy, we have remained steadfast in our duty to ensure a strong and stable Cedi. Our strong commitment to fiscal discipline, has contributed to the strengthening of the currency. We remain committed, and we shall stay the course to ensure that the Cedi’s gains are maintained. As citizens, we have a role to play. We must maintain the sanctity of the Cedi as a legal tender, by preserving it with dignity and protecting it jealously. Let me use this opportunity to remind Ghanaians that the US dollar is not our currency. The continuous pricing of goods and services in US dollar will only hurt us. Let’s stop it!

Cassiel Ato Forson (PhD)

14,188 views • 10 months ago