Ghana’s Economy Moving In Wrong Direction – Report

The latest Afrobarometer report released by the Center for Democratic Development (CDD) says majority of Ghanaians believe that the country is “moving in the wrong direction.”

Six in 10 Ghanaians, representing 59% of the population said the country was going in the wrong direction while only 35% felt the country was headed in the right direction, a sharp decline from what pertained in 2017.

Few citizens are content with the country’s economic situation and their personal living conditions, and a majority say the country is headed in the wrong direction. Still, more than half are optimistic that things will get better in a year’s time.

The report of the survey comes at a time when the  Minister of Finance, Ken Ofori Atta says the government has directly or indirectly put an amount of GH¢ 12.2 billion into the pockets of many Ghanaians since 2017 through its major initiatives and social interventions.

The report, which looked at the government’s economic performance noted that although the International Monetary Fund (IMF) and World Bank seem to approve the economic policies of the government, citizens are of a different view.

Per figures from the recent report, it meant that Ghanaians’ approval ratings on indicators of their government’s economic performance have declined sharply compared to 2017.

It however noted that about 51% of Ghanaians were optimistic that things will get better in the next year.

Respondents to the survey also rated the government as performing “fairly badly or very bad” when it comes to managing the economy, improving the living standard of the poor, creating jobs and narrowing income gaps.