A New Era in Ghana's Democratic Journey
Ghana, often called the Heart of Africa, is renowned for its stable political climate and progressive democratic governance. This commitment to regular, peaceful presidential elections is a model for other emerging democracies.
The 2016 presidential election, resulting in a power transition from the National...
Micro, small, and medium business enterprises (MSMEs) play a vital role in the global economy, contributing significantly to job creation and economic growth. However, they often face challenges in competing with larger enterprises due to limited resources and capabilities. One way for MSMEs to overcome these challenges is through...
Income security tops priority for many
44% rely on a single source of income
61% dips into their savings monthly to make ends meet
Only 37% actively saves for retirement
A significant portion of the working Ghanaian population - 64 percent - are financially stressed, says a study...
The Producer Price Index (PPI) took a sharp decline from 25.1 percent in September 2023 to 9.6 percent in October 2023, according to the Ghana Statistical Service (GSS).
This substantial 15.5 percentage point reduction in producer inflation from the previous month signals a significant positive shift within the economic landscape....
In his 2023 Mid-Year Review (MYR) Statement to Parliament, the Minister for Finance (Hon. Ken Ofori-Atta) made the following significant departure to date from Ghana’s prudent public financial reforms and best practice in Paragraphs 72 and 73—
“Mr. Speaker, before discussing the 2022 fiscal outturns, we would like to note...
By end 3rd -quarter 2021, Ghana’s fiscal vulnerability was evident to the market - resulting in a loss of market access largely consistent with the country’s struggle to manage its public debt since independence. In all of Ghana's programme engagements with the International Monetary Fund (IMF) debt unsustainability has...
As stated in articles 179 and 180 of the 1992 Constitution of the Republic of Ghana, the Executive is required to present an account of the management of the economy for 2023 and a Budget Statement for 2024 financial year to the Legislature for approval. The Budget Statement and...
…as Africa loses US$80bn annually
The surest way to curb illicit financial flows (IFF) and its repelling effect on the economy is to ensure strict enforcement of laws and quality data accessibility, researchers have advocated.
Following findings of a study that looked into illicit financial flows in the gold and cocoa...
Professor John Gatsi, Dean-University of Cape Coast Business School, has expressed reservations about growth of the economy as captured by the gross domestic product (GDP); saying the industrial sector’s performance is casting doubt on the real impact of GDP expansion.
He emphasised that expansion of the economy should not be...
Ramatoulaye Goudiaby, Director of the Africa Financial Industry Summit (AFIS), emphasized the pivotal role of the organization in bolstering the continent's financial sector.
Speaking at the AFIS 2023 inauguration in Lome, Goudiaby highlighted that AFIS serves as more than just a transient event; it stands as an enduring platform fostering...