COVID 19 has rammed home some fundamental truths on the social and economic issues that Ghana and Africa must address to resuscitate the local and continental economies.
In his last address to Parliament Finance Minister, Mr. Ken Ofori Atta indicated that Ghana’s economy might shrink by some GH¢9.5 billion, with...
The African Export-Import Bank (Afreximbank) announces that Fitch Ratings has affirmed the Bank’s long-term Issuer Default Ratings (IDR) at ‘BBB-‘with a stable outlook. The agency also affirmed the Bank's Short-Term IDR at 'F3' and senior unsecured debt at 'BBB-.'
Fitch highlighted that Afreximbank's 'BBB-' rating is driven by its intrinsic...
Afreximbank, in collaboration with the African Union, has hosted the second of its five webinars raising awareness for the African continent’s premier trade event, the Intra-African Trade Fair (IATF2021), to be held in Kigali, Rwanda, from 6 – 12 September 2021, under the theme ‘Building Bridges for a Successful...
After the tremendous success of the inaugural Pan-African edition of Student
Entrepreneurship Week, Stars From All Nations (SFAN) is taking the youth entrepreneurship initiative global with an online edition set for September 28-29.
SFAN created Student Entrepreneurship Week to put young people at the center stage of finding solutions to the...
InfoSec Advisory with Del ADEN
Cyberattacks with consequences in the real world will be more common in the years to come, analysts believe.
That adversaries are becoming more knowledgeable and launching more sophisticated attacks in increasing numbers is a grave concern. The potential for extortion and physical damage is just as...
Until COVID-19, many people in the developing world felt good about their futures. Overall, developing countries had recovered quickly from the 2009-10 Great Recession, and many – especially in Africa and Latin America – were enjoying the benefits of China’s ever-growing demand for oil, minerals, and agricultural commodities. Expectations...
The US dollar has now entered the early stages of what looks to be a sharp descent. The dollar’s real effective exchange rate (REER) fell 4.3% in the four months ending in August. The decline has been even steeper as measured by other indexes, but the REER is what...
The Monetary Policy Committee (MPC) of the Bank of Ghana(BoG) has maintained the policy rate at 14.5 percent for the third consecutive time this year.
The decision, according to the MPC was taken to control inflationary threats and maintain price stability.
“The Committee’s view is that risks to the immediate outlook...
For Africa and the European Union (EU) to achieve the much-talked about mutually beneficial trade cooperation, as well as economic integration among countries, all EU trade-related support at the national, regional, and continental levels should be reorganised into African Continental Free Trade Area (AfCFTA) support, a new report by...