Monday, May 23, 2022
Second Deputy Governor of the Bank of Ghana, Elsie Addo Awadzi, has assured that the Bank will provide the needed guidelines and policies to spur economic growth: especially as the country finds ways of recovering from the on-going pandemic and the war between Russia and the Ukraine.Speaking at the...
Rand Merchant Bank (RMB), the corporate and investment banking arm of FirstRand Bank Limited – of which First National Bank Ghana is also a division, says the negative effects of the Russia-Ukraine war continue to reverberate throughout Africa’s economies. Coupled with the lingering effects of the COVID-19 pandemic, this...
The nation’s financial sector top-brass will today, Tuesday, April 26, converge at the Marriot Hotel, Accra, to discuss Africa’s economic development in the context of cross-border payment systems and enhancing investor confidence at the second edition of The Money Summit organised by the B&FT.Held in partnership with the Bank...
Just as increasing vaccinations offered hope, Russia’s invasion of Ukraine disrupted the global economic recovery. One of the most visible global effects has been the acceleration of energy and food prices, triggering concerns about episodes of food shortages and increasing the risks of malnutrition and social unrest. World food...
In what appears to be a rejoinder to critics who dared him to break his silence on the state of the economy, Ghana’s Vice President, Dr. Mahamudu Bawumai, on April 7, 2022, admitted the fundamental challenges facing the economy, partly due to the significant global economic slowdown. He, however,...
African nations’ debt distress risk jumps The economic fallout from Russia’s war in Ukraine is causing a sharp deterioration in debt sustainability for many African nations. The proportion of African countries at high risk of debt distress rose to 60.5% from 52.6% in October, the World Bank said in the...
For 200 years, we've been building a gigantic worldwide machine driving relentless economic growth.  What we recognise evermore is that it is not fulfilling its promise of prosperity. The dominant economic models today almost exclusively emphasise the virtues of growth, ignoring the resultant negative outcomes of power asymmetry, social inequality...
Economist says it reflects general economic challengesDespite assets growing strongly, the banking industry has witnessed a decline in the growth of deposits in February 2022, compared to same period last year, with non-residents leading the damage with a huge slump of 118.6 percent, a development an economist...
Despite the coronavirus pandemic taking a toll on economies around the world, with many experiencing contractions, the Ghanaian economy saw a marked improvement as new data from the Ghana Statistical Service shows it grew by 5.4 percent, after government eased many restrictions to pave way for the gradual resumption...
Amid the incessant rise of consumer inflation and gloomy expectations, government is incurring more costs to refinance its local debt as well as the budget, given investors' demand for higher yields across the various securities on the domestic market, analysis of market data has shown.Currently, inflation is increasing with...
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