Monday, September 26, 2022
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...
Consumer inflation further increased to 33.9 percent in August 2022 - signalling a reversal in the cool-off of inflation momentum and a 15th consecutive monthly increase. The rise represents a 2.2 percentage point surge from the 31.7 percent recorded in the previous month, July 2022. This may signal a reversal in...
Amid the macroeconomic developments during August 2022, market watchers anticipate a 33 to 35 percent (± 0.5) consumer inflation for the month. This will further place inflation about 3.5x over the Bank of Ghana’s upper policy target of 10 percent, and substantially well outside the long-maintained medium-term policy bracket. Although the...
Northern Innovation Lab (NIL), in partnership with Ghana Tech Lab, has recognised three start-ups — Agricom, Agritech, and Peace Innovation for finishing at first, second and third places respectively — at its fourth Local Startup Summit under the Pathways to Sustainable Employment Programme to focus on the role of...
But warns country must live within its means post-bailout The decision to seek a bailout programme from the International Monetary Fund (IMF) will restore investor confidence and economic stability, says celebrated business leader, Dr. Ishmael Yamson. Having reversed a policy of not seeking aid from the International Monetary Fund, the government...
trading volumes decreased by around 50% in August from July 2022 Liquidity is increasingly becoming more challenging on the secondary market. as investors are keenly focused on short-term instruments issued on the primary market amid attractive yields and recent credit rating downgrades. In a commentary on last month’s performance of...
…an Opportunity In the face of an economic downturn engaging in transactions geared towards economic downturn is improbable. Healthcare, food, consumer staples, and basic transportation are some of the relatively inelastic industries that can perform well during an economic downturn. However, sustaining and/or managing  individual transactions and businesses during economic downturn...
Finance Minister Ken Ofori-Atta says government will promote sustainable enterprises under the YouStart Programme. This will serve as an avenue for the government to realise the Sustainable Development Goals and meet the country’s climate action commitments. Speaking at the 2022 Virtual Accra SDGs Investment Fair, the finance minister said: “The YouStart...
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