{"id":94389,"date":"2025-09-16T11:42:11","date_gmt":"2025-09-16T11:42:11","guid":{"rendered":"https:\/\/sotnews.agency\/?p=94389"},"modified":"2025-09-16T11:42:11","modified_gmt":"2025-09-16T11:42:11","slug":"positive-economic-trend-not-a-fluke-prof-bokpin-2","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=94389","title":{"rendered":"Positive economic trend \u201cnot a fluke\u201d \u2013 Prof. Bokpin"},"content":{"rendered":"
\n
\n \t<\/i> Read Time:<\/span>1 Minute, 42 Second <\/div>\n\n <\/div>
\n

Ghana has successfully exited the \u201cpeak of its crisis\u201d, with key economic indicators pointing towards a sustained recovery, according to economist Professor Godfred Bokpin. <\/p>\n

In an exclusive interview on Joy FM\u2019s Super Morning Show, Prof. Bokpin reassured the public that while the recent volatility of the Cedi is a concern, it is part of a normal market correction rather than a sign of a worsening situation. <\/p>\n

He urged a sense of calmness, emphasising that the current positive trends are not a \u201cfluke\u201d.<\/p>\n

The economist\u2019s analysis is grounded in recent data showing a broadening of the economy. <\/p>\n

The Ghana Statistical Service reported a 6.3% GDP growth in the second quarter of 2025, which, while slightly lower than the first quarter\u2019s 6.8%, indicates that growth is spreading across various sectors beyond just traditional ones. This diversification, he noted, suggests a more resilient economic foundation.<\/p>\n

A major win for the economy, Prof. Bokpin highlighted, is the dramatic fall in inflation. The annual inflation rate has decelerated sharply from 23.8% in January 2025 to 11.5% at the end of August 2025. This marks the lowest inflation rate in almost two years, a significant achievement that has helped stabilise the purchasing power of citizens.<\/p>\n

While acknowledging the impressive performance of the Cedi earlier this year\u2014which appreciated by over 40% against the US Dollar by mid-2025\u2014he described it as a speculative rally that had \u201cjumped the gun\u201d ahead of the real economic recovery. <\/p>\n

The current depreciation, therefore, is a necessary correction as market forces find a new equilibrium.<\/p>\n

Prof. Bokpin stressed that the government\u2019s fiscal consolidation efforts and the aggressive monetary policy of the Bank of Ghana have been instrumental in calming the economic heat. <\/p>\n

These strategic measures have created a stable platform from which the country can continue to build. <\/p>\n

He concluded by reiterating his belief that the current economic indicators prove that the nation is on a path to recovery, and that continued calm and focus on fundamental reforms will ensure a successful rebound.<\/p>\n<\/div>\n

\n
\n \n
\n \n \"Happy\"\n <\/a>\n
\n Happy <\/div>\n
\n 0<\/span>\n \n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Sad\"\n <\/a>\n
\n Sad <\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Excited\"\n <\/a>\n
\n Excited <\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Sleepy\"\n <\/a>\n
\n Sleepy <\/div>\n
\n 0<\/span>\n \n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Angry\"\n <\/a>\n
Angry<\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n \n <\/div>\n <\/div>\n\n
\n \n \"Surprise\"\n <\/a>\n
Surprise<\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n <\/div>\n <\/div>\n\n ","protected":false},"excerpt":{"rendered":"
Positive economic trend \"not a fluke\" \u2013 Prof. BokpinGhana has successfully exited the “peak of its crisis”, with key economic indicators pointing towards a sustained recovery, according to economist Professor Godfred Bokpin.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1919,319,536,117,10,9],"tags":[],"class_list":["post-94389","post","type-post","status-publish","format-standard","hentry","category-cedi","category-economy","category-ghana","category-news","category-politics","category-popular"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/94389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=94389"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/94389\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=94389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=94389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=94389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}