{"id":353009,"date":"2026-03-23T00:04:18","date_gmt":"2026-03-23T00:04:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/353009\/"},"modified":"2026-03-23T00:04:18","modified_gmt":"2026-03-23T00:04:18","slug":"ghanas-economy-not-yet-resilient-despite-signs-of-stability-prof-dzanku","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/353009\/","title":{"rendered":"Ghana’s economy not yet resilient despite signs of stability \u2013 Prof Dzanku"},"content":{"rendered":"

\"Professor <\/a>Professor Fred Dzanku is a Development Economist<\/p>\n

A Development economist, Fred Dzanku, has cautioned that although Ghana\u2019s economy is showing signs of stabilising, it cannot yet be described as resilient, urging policymakers and the public to avoid becoming complacent about the recent progress.<\/p>\n

Speaking on JoyNews\u2019 Newsfile on Saturday, March 21, 2026, Dzanku offered a measured response to comments by John Dramani Mahama, who has stated that the economy is now more resilient than in previous years.<\/p>\n

Dzanku acknowledged the improvement but stressed the need for a deeper, long-term perspective.<\/p>\n

He explained that economic resilience is about how well a system can withstand shocks without major disruptions. <\/p>\n

\u201cIf an economy is resilient, it should be able to withstand shocks without large swings,\u201d he said, adding that resilience is not something achieved overnight but built steadily over time.<\/p>\n

Ghana’s economy remains fragile despite recent recovery – Economist<\/a><\/p>\n

According to him, three key factors determine resilience: how well the economy absorbs shocks, how quickly those shocks spread through the system, and the strength of its financial buffers. <\/p>\n

He noted that Ghana has made some gains, especially with foreign exchange reserves. <\/p>\n

\u201cThe data shows that we are in a better position than we were a couple of years ago,\u201d he said, pointing to improved reserves and strong gold performance as helpful cushions.<\/p>\n

Despite these gains, Dzanku raised concerns about Ghana\u2019s weak fiscal space. With a tax-to-GDP ratio of about 15 percent, he said revenue generation remains a major challenge.<\/p>\n

\u201cWhat this means is that the economy is not generating enough revenue,\u201d he explained. \u201cEven if reserves are looking relatively healthy, weak fiscal space undermines overall resilience.\u201d<\/p>\n

He also warned about how quickly external shocks affect the local economy, especially fuel price changes. His analysis shows that a 10 percent rise in fuel prices can push food inflation up by about 6 percent within two months. <\/p>\n

\u201cWhen fundamentals are weak, shocks transmit very quickly,\u201d he said. \u201cThat is a sign of vulnerability within the system.\u201d<\/p>\n

Dzanku stressed that stabilisation should not be mistaken for resilience. <\/p>\n

\u201cI would say Ghana\u2019s economy is stabilising,\u201d he noted. \u201cBut I wouldn\u2019t say it is resilient yet. Resilience is something that is built into the system over time.\u201d <\/p>\n

He added that although the President\u2019s comparison is fair, \u201cIt does not mean we are safe,\u201d urging continued reforms and disciplined economic management as Ghana moves gradually from instability toward true resilience.<\/p>\n

SO\/EB<\/p>\n

Meanwhile, watch as Dr Nyaho-Tamakloe scores Mahama govt high, only next to Nkrumah\u2019s in the video below:<\/p>\n","protected":false},"excerpt":{"rendered":"Professor Fred Dzanku is a Development Economist A Development economist, Fred Dzanku, has cautioned that although Ghana\u2019s economy…\n","protected":false},"author":2,"featured_media":353010,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":["post-353009","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/353009","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=353009"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/353009\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/353010"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=353009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=353009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=353009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}