African economies are beginning to recover from the impact of COVID-19. Despite making some gains in 2021, it could be difficult for nations to grow their economies in 2022, it seems.
African economies were badly hit by the emergence of COVID-19 in 2020 and the subsequent slowing of the global...
With the economy buckling under the weight of internal and external pressures - rising inflation, a fast-depreciating local currency, foreign investor attrition - as well as heightened calls for a return to the International Monetary Fund (IMF) for assistance, government would be better off adopting, on its own, measures...
Bank of Ghana interventions helping steady Cedi
The Cedi halted its recent slide against the dollar, trading stronger at 7.51 from 7.53 at last week’s close as the Bank of Ghana intervened to ease pressure on the currency.
Ghana President Nana Akufo-Addo signed into law the controversial Electronic Transfer Levy bill,...
Nations the world over have one aspiration: improving GDP growth. And Ghana is no different. For the past few decades, Gross Domestic Product, or GDP, has been the mechanism by which our Republic has measured its economic progress.
GDP is calculated by measuring the monetary value of goods and services...
Speakers at the 22nd Educational and Biennial Conference of the Ghana Co-operative Credit Union Association (CUA) have urged the association to build the necessary financial and operational resilience to participate fully in the country’s recovery agenda.
And for CUA to be able to contribute meaningfully to the country’s economic recovery,...
Trade and Industry Minister Alan Kyerematen has watered down fears of further economic paralysis with a detailed explanation of government's transformation and recovery programme.
The seasoned politician, who is a specialist in the Trade and Industry sector, detailed the road map to recovery ahead of an imminent bailout from the...
Former finance minister Seth Terkper has said government’s move to go for a programme with the International Monetary Fund (IMF) might delay if figures presented to the Fund are doubtful, hence his push for transparency.
According to Mr. Terkper, who himself supervised execution of an IMF programme in 2015, the...
The floods, droughts, heatwaves and fires that are devastating many parts of the world underscore two fundamental facts: First, damage to freshwater supplies is increasingly straining human societies, especially the poor, with far-reaching implications for economic, social and political stability. Second, the combined impact of today’s extreme conditions are...
Producer price inflation (PPI) in September 2022 increased further to 45.6 percent on the back of increases in the industrial sector, data from the Ghana Statistical Service have shown.
The PPI, which measures the average change over time in the prices received by domestic producers for the production of their...
Finance Minister Ken Ofori-Atta has affirmed government’s position of eliminating imports of products which can be produced in the country, in order to address the long-term decline in value of the Ghanaian cedi and be self-sufficient.
The nation's reliance on importing finished goods and exporting raw materials contributes to the...