{
  "id": 17486930,
  "title": "Stable on paper. What about your pocket?",
  "url": "https://urgent.news/2026/10/31/stable-on-paper-what-about-your-pocket-17486930",
  "topic": "world",
  "section": "World",
  "published": "2026-10-31T22:35:11.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/stable-on-paper-what-about-your-pocket/"
  },
  "original_language": "en",
  "account": "Dr. Mahamudu Bawumia and Hon. Kojo Oppong Nkrumah have expressed concerns about Ghana's economy, but the government remains optimistic about its recovery. They have unveiled a new economic policy worth US$10 billion over five years, aiming to create jobs and stimulate growth. The government is confident in its ability to address the cost-of-living crisis, with key macroeconomic indicators showing improvement. Inflation has dropped from 23.8% to 5.2%, debt-to-GDP has decreased from 61.8% to 44.7%, and growth has reached 6%. Poverty has also improved by 3 percentage points (21.9%), and the bank lending rate has been halved to 15.6%. However, the government must ensure that these policies translate into tangible job creation, particularly for the youth, who are currently facing unemployment rates of 32.4%. The government's $10 billion investment over five years is intended to create 24-hour jobs and drive economic growth in key sectors. Nonetheless, the effectiveness of these policies in addressing unemployment remains a critical question, given the significant budget allocation and investment in flagship jobs and social schemes.",
  "summary": "Dr Mahamudu Bawumia and Hon.Kojo Oppong Nkrumah have raised critical questions about Ghana’s economy. However, the Government is confident in its recovery from the cost-of-living crisis whilst forging a new economic policy initiative worth US$10bn over five years (about GH¢23bn a year). Ghanaians must understand the context when looking at the macroeconomic indicators. Be well informed about the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}