Sunday, October 2, 2022
Market watchers are maintaining the forecast of weak near term growth, even though the Q2 economic results of 2022 exceeded projections. Provisional gross domestic product (GDP) figures from the Ghana Statistical Service (GSS) showed an oil and gas growth of 4.8 percent for the second quarter of 2022; an increase...
Governments around the world have indeed taken on more and more functions over time. As a result, they now guarantee the operation of many services once provided by the private sector. They also collect massive amounts of taxes and often demonstrate inefficiencies in their operations. However, it is essential to...
Fitch Ratings has downgraded Ghana's Long-Term Local- and Foreign-Currency Issuer Default Ratings (IDRs) to 'CC', from 'CCC'. Fitch typically does not assign Outlooks to issuers with a rating of 'CCC' or below. A full list of rating actions is at the end of this rating action commentary. KEY RATING DRIVERS Increased Probability of...
The floods, droughts, heatwaves and fires that are devastating many parts of the world underscore two fundamental facts: First, damage to freshwater supplies is increasingly straining human societies, especially the poor, with far-reaching implications for economic, social and political stability. Second, the combined impact of today’s extreme conditions are...
Ghana’s Gross Domestic Product, (GDP), is most likely to hit a double digit in the next couple of years if the private sector is given the need financial support. According to the Alliance for Development and Industrialization, (ADI), “the country‘s GDP is poised to record double digit, if industries are...
The country’s economy has seen an impressive growth in second-quarter of the year, as figures released by the Ghana Statistical Service show it grew by 4.8 percent; thereby minimising growth concerns for the year amid a challenging economic environment. Per the data, this represents an increase from 3.4 percent during...
 A number of market analysts - including public policy think-tank the Institute of Economic Affairs Ghana (IEA) - do not anticipate a further hike in the Bank of Ghana’s (BoG’s) benchmark monetary policy rate (MPR) when it announces the decision of its 108th Regular Meetings on Monday, September 26,...
A joint operation by the Bank of Ghana and Ghana Police Service has resulted in the arrest of 76 illegal forex dealers - popularly known as the ‘black market’ on the streets of Accra - in a move to end the age-old practice that has significant implications for the...
About fourteen (14) bilateral trade deals and memorandums of understanding (MoUs) aimed at deepening economic ties between Africa and the Caribbean have been signed at the just-ended three-day AfriCaribbean Trade and Investment Forum 2022 (ACTIF2022) hosted in Bridgetown, Barbados, in the Caribbean. The agreements - expected to form the foundation...
Political parties rely heavily on financial assistance to sustain their activities. This has led to a situation where financiers of a party can unduly influence the outcome of elections and the policies of political parties. The question we ponder over is whether the state should sponsor political parties or whether...
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