The Naira was broadly stable on both the official and unofficial markets this week, trading steady at 411.50 to the dollar on the NAFEX window and at 510 on the parallel market, a slight decline from 508 at last week’s close.
Nigeria’s central bank moved to ease the recent pressure...
As part of efforts to boost domestic revenue mobilisation, the International Monetary Fund (IMF) has urged government to leverage underutilised tax handles such as alcohol, tobacco, and property taxes, as their contribution is far below expectation.
According to the Fund’s Article IV report, non-fuel excises make up a very small...
National Youth Council of Trade Union Congress (TUC), has called on government to ensure creation of decent jobs for youth in the country to replace the temporal unsustainable jobs.
According to the youth wing of the workers’ union, though governments over the years have touted themselves of creating numerous jobs...
The continuous rise in food prices, especially, in the northern part of the country, has shot overall inflation up again in July, making it the highest rate since April 2021, data from the Ghana Statistical Service (GSS) has shown.
According to the data released yesterday, July recorded inflation rate of...
Finance Minister, Ken Ofori-Atta, has sworn in new board members of three state institutions, namely, the Securities and Exchange Commission (SEC), the Ghana Revenue Authority (GRA), and the Social Security and National Insurance Trust (SSNIT) to steer affairs of their respective organisations for the next four years.
The finance minister...
Labour Expert, Austin Gamey has said that the current status quo where the inflation rate is a key determinant in the adjustment of public sector salary needs to change.
According to him, the mode of adjustment being practiced in the country does not only deviate from international standards but also breeds...
The Trades Union Congress (TUC) has made a strong case to government for the suspension of the petroleum deregulation policy to help cushion workers amidst the economic challenges faced by the public since the outbreak of the COVID-19 pandemic.
The policy, which started 6 years ago was introduced to allow...
Early in his career, the economist Joseph E. Stiglitz had an extended stay in Kenya, where he was struck by various oddities in how the local economy operated. Sharecropping was one such anomaly. If farmers were required to surrender half of their harvest to landlords, Stiglitz wondered, wouldn’t that...
For the first time this year, the cedi has ended a month with depreciation against its major trading currency, the US dollar, a development an economist says should be expected given uptick in economic activities, especially, imports.
Data from the Bank of Ghana shows the cedi, as of August 5,...
-says its success hinges on right institutions
The GH¢100 billion Ghana Cares Obaatapaa programme will do little to improve the lot of Ghanaians without the right institutions and political interference, Dr. Sam Ankrah, an economist and investment banker, has said.
He said the ambitious programme, meant to create 1million jobs in...