Low access rates and lack of reliable and affordable electricity present a challenge to rapid economic development in Africa Technical innovations, especially in solar power, provide the possibility for faster progress in electricity provision by complementing grid expansion with mini-grids and home-scale systems, according to a new World...
Maersk, APL, Hyundai race to build paperless cargo system Adoption of blockchain could generate $1 trillion in trade Globalization has brought the most advanced trading networks the world has seen, with the biggest, fastest vessels, robot-operated ports and vast computer databases tracking cargoes. But it all still relies on...
The African Development Bank and the African Institute of Mathematics and Sciences (AIMS) have initiated a landmark relationship aimed at building an industry-led research institution in the league of the Massachusetts Institute of Technology. Former President of Nigeria, Olusegun Obasanjo, led a delegation of the High-Level Advisory Council of AIMS...
Moody’s ratings agency has said the decision by banks in the country to move away from short-term government securities to long-term securities is just about enough for these banks to cut their losses as interest rates on the short-term Treasury bills decline. The 91-day Treasury bill yield declined 753 basis...
Discussants at the official launch of the financial literacy and public awareness campaign on the Collateral Registry and Credit Reporting System have underscored the need to create more awareness about the two financial infrastructures, in order to reduce the high non-performing loans in the financial sector. The Collateral Registry and...
In what can be described as a step in stimulating responsible waste management practices, the Plastic Waste Management Programme has created a fund to cater for the increasing problem of plastic waste management. When fully disbursed, the fund will be able to cater for debts and logistics to make plastic...
The 2018 African Pulse Report by the World Bank has cautioned African governments to reduce their high appetite for borrowing from the markets, especially internationally, as it argues this poses significant risk to economies on the continent. “The composition of public debt has changed - away from traditional toward new...
The Food and Drugs Authority (FDA) have cautioned manufacturers and importers of food, drug, and cosmetics that the distribution of products not labelled in English contravenes Section 4 Subsection 3 of the Ghana Standards Board (Food, Drugs and Other Goods) General Labelling Rules, 1992 L.I 1541. In a statement issued...
Economists at the research desk of Standard Bank, the parent company of Stanbic Bank Ghana, have said that Ghana’s central bank - the Bank of Ghana - may have appetite for moderate depreciation of the country’s currency this year. The information was contained in the March 2018 edition of...
The World Bank is projecting Sub-Saharan Africa’s economic growth to reach 3.1% in 2018 compared to 2017 decline. Projected growth forecasts according to the World Bank, are premised on expectations that oil and metals prices will remain stable, and that governments in the region will implement reforms to address macroeconomic...