Economists at Standard Bank, the parent company of Stanbic Bank Ghana, have described Ghana’s mid-year budget review as a reflection of both prudent financial management and economic management. This was contained in the June 2024 Flash Note of the Standard Bank’s Africa Markets Revealed (AMR) report.
The report notes some significant strategies...
By Korsi DZOKOTO
As Ghana prepares for the future, it is essential to rethink our industrial and manufacturing sectors' role in driving economic growth and improving the livelihoods of our people. The global economy is becoming increasingly competitive, and to position Ghana as a leading industrial nation in Africa, we...
By Ebenezer Chike Adjei NJOKU & Sandra Agyeiwaa OTOO
Businesses should embrace environmentally sustainable practices without fear, as the pursuit of sustainability can co-exist with profitability and growth, according to Julian Opuni, Managing Director-Fidelity Bank.
Dispelling the notion that sustainability is a trade-off, he argued that sustainable practices can actually enhance...
By Joshua Worlasi AMLANU & Ebenezer Chike Adjei Njoku
The cedi (GH¢) experienced a decline against major trading currencies last week as foreign exchange (FX) liquidity remained tight in view of high demand, according to recent investor updates from Databank and Constant Capital.
The local currency's depreciation has been attributed...
The First Deputy Governor of the Bank of Ghana (BoG), Dr. Maxwell Opoku-Afari, has highlighted the critical role of the Ghana International Bank (GHIB) in Ghana and Africa, describing the financial institution as a strategic asset.
In a keynote address at the recently concluded CNVERGE conference in London, Dr. Opoku-Afari...
By Juliet ETEFE
Managing Director of Fidelity Bank Ghana, Julian Opuni has underscored the urgency for bold action and purposeful collaboration for environmental and economic sustainability.
He stressed that the journey towards sustainability cannot be undertaken alone urging collaboration across industries, sectors, and communities.
“Building a greener future requires that we bring...
The role of interest rates in shaping economic landscapes is deeply rooted in history. It has been influenced by evolving monetary policies, cultural beliefs, and responses to financial crises. By tracing this historical evolution, we can better understand the current role of rates and anticipate how they might adapt...
By Reynell BADOE
Remittances, the financial flows resulting from emigration, have become one of the most significant sources of foreign exchange for developing nations. These inflows, sent by migrants to their families in their home countries, often surpass traditional sources of external financing such as foreign direct investment (FDI).
International remittances...
Economists at Standard Bank, the parent company of Stanbic Bank Ghana, have reported notable improvements in Ghana’s balance of trade.
In the June 2024 Flashnote of the Africa Markets Revealed (AMR) report, Standard Bank reported that the country’s trade balance reached a surplus of USD 1.81 billion in June 2024, up...
…was COVID-19 a blessing in disguise?
By Korsi DZOKOTO
Ghana's economic crisis, which began in 2022, has been marked by severe challenges such as volatile macroeconomic conditions, soaring inflation, and a depreciating currency. The government's inability to manage these issues has eroded business confidence, slowed economic growth, and left the country...