{"id":63178,"date":"2023-12-26T18:00:25","date_gmt":"2023-12-26T18:00:25","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/akufo-addos-message-of-economic-rebound-not-the-reality-prof-gatsi"},"modified":"2023-12-26T18:26:11","modified_gmt":"2023-12-26T18:26:11","slug":"akufo-addos-message-of-economic-rebound-not-the-reality-prof-gatsi","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/akufo-addos-message-of-economic-rebound-not-the-reality-prof-gatsi","title":{"rendered":"Akufo-Addo\u2019s message of economic rebound \u2018not the reality\u2019 \u2013 Prof. Gatsi"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>The Dean of the University of Cape Coast (UCC) Business School, Professor John Gatsi, has said President Nana Addo Dankwa Akufo-Addo\u2019s assertion that Ghana\u2019s economy is rebounding is not factual.<\/b><\/p>\n

Prof Gatsi said the President\u2019s claim is just to appease Ghanaians.<\/p>\n

\u201cHe is giving a Christmas message, so he is only talking to just assure people. So, what he is saying is not the reality,\u201d the Finance lecturer said.<\/p>\n

The President, in his Christmas address to the nation had said Ghana\u2019s relatively stable exchange rate with a drop in inflation is an indication that the economy was bouncing back.<\/p>\n

\u201cFellow Ghanaians, I am particulary glad that our nation has turned the corner following three difficult years, we and indeed, the world have faced. Inflation is being reigned in, we are experiencing a relatively stable exchange rate, and growth in our economy is rebounding.<\/p>\n

\u201cWe continue to attract investments, domestic and foreign, reinforcing our position as the gateway to Africa and we remain a beacon of democracy, peace and stability in Africa. The country is not yet completey out of the woods, but there is a growing confidence that with hard work and determination, Ghana will make it and collectively, we will secure our future,\u201d he said in his statement.<\/p>\n

President Akufo-Addo continued that, \u201cI remain committed to the mandate you freely gave me. I will use the last year of my stay in office, to do all in my power to continue to help create a free and prosperous nation of opportunities where every Ghanaian child, no matter the circumstances of his or her birth, has a fair chance to strive for a happy and dignified life and realise his or her aspirations.\u201d<\/p>\n

But reacting to the issue on show on December 25, the Professor of Finance and Economics said the President made that assertion because he needed to provide some assurance to the citizens as a Christmas message.<\/p>\n

Prof Gatsi said, it takes more than the indices he listed to restore an economy that has been messed up like that of Ghana.<\/p>\n

Prof. Gatsi cited the hardship confronting Ghanaians which has doubled and asked that the managers of the economy work towards rectifying that rather than dwelling on a decline in inflation and a relatively stable exchange rate to suggest that things are getting better.<\/p>\n

\u201cWhen we say an economy has been messed up, and to correct that economy, it doesn\u2019t take inflation reducing from 54% to 26% to indicate that things are better. When policy rate has increased from 14% to 30%. You don\u2019t just look at headline inflation falling to 26% to think that you have solved the problem of the country when hardship, unemployment and poverty have doubled.<\/p>\n

\u201cYou do not just say that because exchange rate has stabilised at the highest level from about GHC6.00 last year to about GHC12.00. So if it\u2019s stable around GHC12, you don\u2019t use that to tell Ghanaians that things are better for them and things would be better in 2026. So the reality is different from what the President is talking about,\u201d he told Martin Asiedu Dartey on the show.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. The Dean of the University of Cape Coast (UCC) Business School, Professor John Gatsi, has said President Nana Addo Dankwa Akufo-Addo\u2019s assertion that Ghana\u2019s economy is rebounding is not factual. Prof Gatsi said the President\u2019s claim is just to appease Ghanaians. \u201cHe is giving a Christmas message, so he is only talking […]<\/p>\n","protected":false},"author":84,"featured_media":63177,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[5092,5096,429],"class_list":["post-63178","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nAkufo-Addo\u2019s message of economic rebound \u2018not the reality\u2019 \u2013 Prof. Gatsi - Ghana<\/title>\n<meta name=\"description\" content=\"The Dean of the University of Cape Coast (UCC) Business School, Professor John Gatsi, has said President Nana Addo Da ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/akufo-addos-message-of-economic-rebound-not-the-reality-prof-gatsi\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Akufo-Addo\u2019s message of economic rebound \u2018not the reality\u2019 \u2013 Prof. Gatsi\" \/>\n<meta property=\"og:description\" content=\"The Dean of the University of Cape Coast (UCC) Business School, Professor John Gatsi, has said President Nana Addo Da ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/akufo-addos-message-of-economic-rebound-not-the-reality-prof-gatsi\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-26T18:00:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-26T18:26:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/12\/sm_1703602517.965694.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"416\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/akufo-addos-message-of-economic-rebound-not-the-reality-prof-gatsi#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/akufo-addos-message-of-economic-rebound-not-the-reality-prof-gatsi\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Akufo-Addo\u2019s message of economic rebound \u2018not the reality\u2019 \u2013 Prof. Gatsi\",\"datePublished\":\"2023-12-26T18:00:25+00:00\",\"dateModified\":\"2023-12-26T18:26:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/akufo-addos-message-of-economic-rebound-not-the-reality-prof-gatsi\"},\"wordCount\":545,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/akufo-addos-message-of-economic-rebound-not-the-reality-prof-gatsi#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/12\/sm_1703602517.965694.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/akufo-addos-message-of-economic-rebound-not-the-reality-prof-gatsi#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/akufo-addos-message-of-economic-rebound-not-the-reality-prof-gatsi\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/akufo-addos-message-of-economic-rebound-not-the-reality-prof-gatsi\",\"name\":\"Akufo-Addo\u2019s message of economic rebound \u2018not the reality\u2019 \u2013 Prof. Gatsi - Ghana\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/akufo-addos-message-of-economic-rebound-not-the-reality-prof-gatsi#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/akufo-addos-message-of-economic-rebound-not-the-reality-prof-gatsi#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/12\/sm_1703602517.965694.jpg\",\"datePublished\":\"2023-12-26T18:00:25+00:00\",\"dateModified\":\"2023-12-26T18:26:11+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"The Dean of the University of Cape Coast (UCC) Business School, Professor John Gatsi, has said President Nana Addo Da ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/akufo-addos-message-of-economic-rebound-not-the-reality-prof-gatsi#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/akufo-addos-message-of-economic-rebound-not-the-reality-prof-gatsi\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/akufo-addos-message-of-economic-rebound-not-the-reality-prof-gatsi#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/12\/sm_1703602517.965694.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/12\/sm_1703602517.965694.jpg\",\"width\":720,\"height\":416,\"caption\":\"Akufo-Addo\u2019s message of economic rebound \u2018not the reality\u2019 \u2013 Prof. Gatsi\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/akufo-addos-message-of-economic-rebound-not-the-reality-prof-gatsi#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/ghana\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Akufo-Addo\u2019s message of economic rebound \u2018not the reality\u2019 \u2013 Prof. Gatsi\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#website\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/\",\"name\":\"Ghana\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/ghana\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Akufo-Addo\u2019s message of economic rebound \u2018not the reality\u2019 \u2013 Prof. Gatsi - Ghana","description":"The Dean of the University of Cape Coast (UCC) Business School, Professor John Gatsi, has said President Nana Addo Da ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/ghana\/all-news\/akufo-addos-message-of-economic-rebound-not-the-reality-prof-gatsi","og_locale":"en_US","og_type":"article","og_title":"Akufo-Addo\u2019s message of economic rebound \u2018not the reality\u2019 \u2013 Prof. Gatsi","og_description":"The Dean of the University of Cape Coast (UCC) Business School, Professor John Gatsi, has said President Nana Addo Da ...","og_url":"https:\/\/www.africa-press.net\/ghana\/all-news\/akufo-addos-message-of-economic-rebound-not-the-reality-prof-gatsi","og_site_name":"Ghana","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2023-12-26T18:00:25+00:00","article_modified_time":"2023-12-26T18:26:11+00:00","og_image":[{"width":720,"height":416,"url":"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/12\/sm_1703602517.965694.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/akufo-addos-message-of-economic-rebound-not-the-reality-prof-gatsi#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/akufo-addos-message-of-economic-rebound-not-the-reality-prof-gatsi"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Akufo-Addo\u2019s message of economic rebound \u2018not the reality\u2019 \u2013 Prof. Gatsi","datePublished":"2023-12-26T18:00:25+00:00","dateModified":"2023-12-26T18:26:11+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/akufo-addos-message-of-economic-rebound-not-the-reality-prof-gatsi"},"wordCount":545,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/akufo-addos-message-of-economic-rebound-not-the-reality-prof-gatsi#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/12\/sm_1703602517.965694.jpg","keywords":["Africa Press","Africa Press-Ghana","ghana"],"articleSection":["all news","Economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/ghana\/all-news\/akufo-addos-message-of-economic-rebound-not-the-reality-prof-gatsi#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/akufo-addos-message-of-economic-rebound-not-the-reality-prof-gatsi","url":"https:\/\/www.africa-press.net\/ghana\/all-news\/akufo-addos-message-of-economic-rebound-not-the-reality-prof-gatsi","name":"Akufo-Addo\u2019s message of economic rebound \u2018not the reality\u2019 \u2013 Prof. Gatsi - Ghana","isPartOf":{"@id":"https:\/\/www.africa-press.net\/ghana\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/akufo-addos-message-of-economic-rebound-not-the-reality-prof-gatsi#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/akufo-addos-message-of-economic-rebound-not-the-reality-prof-gatsi#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/12\/sm_1703602517.965694.jpg","datePublished":"2023-12-26T18:00:25+00:00","dateModified":"2023-12-26T18:26:11+00:00","author":{"@id":"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"The Dean of the University of Cape Coast (UCC) Business School, Professor John Gatsi, has said President Nana Addo Da ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/akufo-addos-message-of-economic-rebound-not-the-reality-prof-gatsi#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/ghana\/all-news\/akufo-addos-message-of-economic-rebound-not-the-reality-prof-gatsi"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/akufo-addos-message-of-economic-rebound-not-the-reality-prof-gatsi#primaryimage","url":"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/12\/sm_1703602517.965694.jpg","contentUrl":"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/12\/sm_1703602517.965694.jpg","width":720,"height":416,"caption":"Akufo-Addo\u2019s message of economic rebound \u2018not the reality\u2019 \u2013 Prof. Gatsi"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/akufo-addos-message-of-economic-rebound-not-the-reality-prof-gatsi#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/ghana\/"},{"@type":"ListItem","position":2,"name":"Akufo-Addo\u2019s message of economic rebound \u2018not the reality\u2019 \u2013 Prof. Gatsi"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/ghana\/#website","url":"https:\/\/www.africa-press.net\/ghana\/","name":"Ghana","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/ghana\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/posts\/63178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/comments?post=63178"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/posts\/63178\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/media\/63177"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/media?parent=63178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/categories?post=63178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/tags?post=63178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}