{"id":15818,"date":"2026-04-30T11:42:08","date_gmt":"2026-04-30T11:42:08","guid":{"rendered":"https:\/\/gnbcc.net\/?p=15818"},"modified":"2026-04-30T11:42:13","modified_gmt":"2026-04-30T11:42:13","slug":"ghanas-economic-stability-came-at-a-cost-but-it-was-necessary-agi","status":"publish","type":"post","link":"https:\/\/gnbcc.net\/ghanas-economic-stability-came-at-a-cost-but-it-was-necessary-agi\/","title":{"rendered":"Ghana\u2019s economic stability came at a cost, but it was necessary \u2013 AGI"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The Chief Executive Officer of the Association of Ghana Industries (AGI), Seth Twum-Akwaboah, has stated that the economic sacrifices accompanying Ghana\u2019s recent macroeconomic stabilisation were necessary to restore investor confidence and reset the economy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Reflecting on the country\u2019s economic performance on Channel One TV\u2019s Quarterly Economic Outlook on Monday, April 27, Mr Twum-Akwaboah said Ghana had previously faced a period of deep uncertainty that eroded business confidence and discouraged investment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cAs a country, we needed this stability critically. We were in crisis at some point. Confidence levels were very low, and people investing their own resources became an issue,\u201d he said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He explained that restoring stability required deliberate efforts to reduce speculation in the market, particularly around the currency.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThere was so much uncertainty in the system. People were converting cedis into dollars and hoarding them. You needed to take that speculation out so that real players could operate in the market,\u201d he noted.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to him, recent improvements in fiscal management, particularly the narrowing gap between government revenue and expenditure, indicate growing discipline in managing public finances.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe are now seeing revenue and expenditure almost at par. It means there is some prudence in the management of resources, and that is very important,\u201d he said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, Mr Twum-Akwaboah acknowledged that the stabilisation process has come with trade-offs, including reduced government spending and its ripple effects on economic activity.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThere must have been a cost, there\u2019s no doubt about it,\u201d he stated. \u201cGovernment is not spending as much, and that has implications. Disposable income becomes a challenge, and people begin to feel there is no money in the system.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He added that constrained public spending affects demand for goods and services, which in turn impacts businesses.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Despite these challenges, the AGI CEO maintained that the short-term pain is necessary to achieve long-term economic stability and sustainable growth.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Click <a href=\"https:\/\/citinewsroom.com\/2026\/04\/ghanas-economic-stability-came-at-a-cost-but-it-was-necessary-agi\/\" rel=\"nofollow noopener\" target=\"_blank\"><strong>here <\/strong><\/a>for source.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Chief Executive Officer of the Association of Ghana Industries (AGI), Seth Twum-Akwaboah, has stated that the economic sacrifices accompanying Ghana\u2019s recent macroeconomic stabilisation were necessary to restore investor confidence and reset the economy.<\/p>\n","protected":false},"author":10,"featured_media":15819,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"yes","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[153],"tags":[],"class_list":["post-15818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-articles"],"jetpack-related-posts":[{"id":15106,"url":"https:\/\/gnbcc.net\/manufacturing-sector-excited-by-24-hour-policy\/","url_meta":{"origin":15818,"position":0},"title":"Manufacturing sector excited by 24-hour policy","author":"Grace Agorigo","date":"February 20, 2026","format":false,"excerpt":"As the country is in the throes of implementing a 24-hour economy policy, the Association of Ghana Industries (AGI) reiterates that the initiative\u2019s success hinges on strengthening local manufacturing capacity and protecting domestic industries from unfair competition.","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/02\/Cocoa-3.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/02\/Cocoa-3.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/02\/Cocoa-3.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/02\/Cocoa-3.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/02\/Cocoa-3.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":15935,"url":"https:\/\/gnbcc.net\/very-good-time-to-be-in-ghana-eu-ambassador-tells-investors\/","url_meta":{"origin":15818,"position":1},"title":"Very good time to be in Ghana \u2013 EU Ambassador tells investors","author":"Michael Teye","date":"May 15, 2026","format":false,"excerpt":"The European Union Ambassador to Ghana, Rune Skinnebach, has said Ghana is currently enjoying a highly favourable economic climate that is attracting strong investor interest.","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/Good-to-be-in-Ghana.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/Good-to-be-in-Ghana.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/Good-to-be-in-Ghana.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/Good-to-be-in-Ghana.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/Good-to-be-in-Ghana.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":16934,"url":"https:\/\/gnbcc.net\/govt-reaches-final-milestone-in-external-debt-restructuring\/","url_meta":{"origin":15818,"position":2},"title":"Govt reaches final milestone in external debt restructuring","author":"Paul N.","date":"July 17, 2026","format":false,"excerpt":"Ghana has taken a significant step toward completing its external debt restructuring programme following the successful exchange of the remaining SADEREA Notes. The Ministry of Finance says the development reinforces efforts to restore debt sustainability, strengthen investor confidence and maintain macroeconomic stability.","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/07\/ESQ-Elsie-18.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/07\/ESQ-Elsie-18.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/07\/ESQ-Elsie-18.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/07\/ESQ-Elsie-18.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/07\/ESQ-Elsie-18.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":13730,"url":"https:\/\/gnbcc.net\/ghana-to-host-refa-2025-in-accra-agi-and-afsia-join-forces-for-a-greener-future\/","url_meta":{"origin":15818,"position":3},"title":"Ghana to Host REFA 2025 in Accra: GNBCC Premium Member Dutch &amp; Co Joins Drive for a\u00a0Greener\u00a0Future\u00a0","author":"Michael Teye","date":"November 7, 2025","format":false,"excerpt":"The Association of Ghana Industries (AGI), in collaboration with the Africa Solar Industry Association (AFSIA), has announced its partnership to host the 2025 edition of the Renewable Energy Forum Africa (REFA) in Accra from December 3 to 4.\u00a0Dutch & Co, a Premium Member of the Ghana Netherlands Business & Culture\u2026","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/11\/GI.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/11\/GI.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/11\/GI.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/11\/GI.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/11\/GI.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":13601,"url":"https:\/\/gnbcc.net\/economic-recovery-built-on-discipline-not-miracles-veep-gef-2025\/","url_meta":{"origin":15818,"position":4},"title":"Economic recovery built on discipline, not miracles \u2013 Veep: GEF 2025","author":"Michael Teye","date":"October 31, 2025","format":false,"excerpt":"The country\u2019s economic recovery stems from deliberate policy choices rather than miracles, Vice President Prof. Jane Naana Opoku-Agyemang has said \u2013 pointing to strengthened gold reserves, eased creditor stress and fiscal reforms now yielding results.","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/10\/GEF2025.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/10\/GEF2025.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/10\/GEF2025.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/10\/GEF2025.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/10\/GEF2025.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":15685,"url":"https:\/\/gnbcc.net\/imf-revises-ghanas-2026-economic-growth-to-4-8\/","url_meta":{"origin":15818,"position":5},"title":"IMF revises Ghana\u2019s 2026 economic growth to 4.8%","author":"Michael Teye","date":"April 17, 2026","format":false,"excerpt":"THE International Monetary Fund (IMF) has revised the Ghana\u2019s 2026 economic growth to 4.8 per cent, from an earlier estimate of 4.6 per cent. The marginal increase, it said reflected stronger-than-expected performance under the ongoing IMF-supported programme, as well as sustained fiscal discipline and improving macroeconomic conditions.","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/IMFd-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/IMFd-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/IMFd-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/IMFd-scaled.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/IMFd-scaled.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/IMFd-scaled.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/gnbcc.net\/wp-content\/uploads\/2026\/04\/ESQ-Elsie-7.png","_links":{"self":[{"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/posts\/15818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/comments?post=15818"}],"version-history":[{"count":1,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/posts\/15818\/revisions"}],"predecessor-version":[{"id":15820,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/posts\/15818\/revisions\/15820"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/media\/15819"}],"wp:attachment":[{"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/media?parent=15818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/categories?post=15818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/tags?post=15818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}