…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...
The value of all final goods and services produced in the country is set to surpass the GH¢1trillion (US$85billion) mark in nominal terms for the first time ever in 2024, Minister of Finance Ken Ofori-Attah has announced.
If realised, the GH¢1.047trillion - which is summed up as the gross domestic...
INTRODUCTION
1. Right Honourable Speaker, Honourable Members of Parliament, on the authority of His Excellency the President Nana Addo Dankwa Akufo-Addo and pursuant to Article 179 of the 1992 Constitution of the Republic of Ghana and Section 21(3) of the PFM Act 2016 (of ACT 921), I respectfully present to...
Head of Africa Region Economic Research at Standard Bank parent company of Stanbic Bank Ghana, Jibran Qureishi, has emphasized the importance of an efficient and timely debt restructuring in rebuilding investor confidence.
He said this is key in restoring macroeconomic balance and promoting inclusive and sustainable growth in Ghana.
Mr. Qureishi...
Headline inflation rate recorded a third consecutive decrease, falling to 35.2 percent in October 2023 from 38.1 percent in September 2023, as per data released by the Ghana Statistical Service (GSS). This latest figure represents a 2.9 percentage point drop from September 2023.
This downward trend signifies the continued disinflation...
The Association of Ghana Industries (AGI) and Ghana Union of Traders Association (GUTA) have jointly appealed for government to address concerns surrounding cost of doing business in the country, while consolidating ongoing gains under the International Monetary Fund’s (IMF) intervention.
A recent survey conducted by KPMG echoes these concerns, with...
The upcoming budget is expected to set the agenda for year-2024 and government election commitments. However, Ghanaian society is afflicted by inequality and poverty which do not spare not even the employed population - who can generally be referred to as the working poor - let alone the unemployed,...
DDEP's success sets positive tone for fiscal landscape
Threats of shocks loom
There is no room for the impending 2024 budget to fail in firming-up efforts toward consolidating macroeconomic gains and ensuring fiscal responsibility, market analysts have warned.
Although macroeconomic conditions have improved, there is general agreement that the economy...