The centre-piece of the framework to firmly put the nation on a path to economic recovery and prosperity is the Ghana Mutual Prosperity Dialogues (GMPD), a public-private partnership aimed at attracting foreign and local investments while promoting shared growth anchored on job creation, exports and import substitution, finance minister...
The Chief Executive Officer of the Business and Financial Times (B&FT), Dr. Godwin Acquaye, has noted that through thoughtful collaboration, informed policies, and dynamic business practices the country can overcome the persisting macroeconomic challenges. He stressed that not only can it help the country rebound from the challenges of recent...
Introduction to Correspondent Banking Correspondent banking may sound like a term straight out of a financier’s dictionary, but its implications ripple through the entire economy, touching the lives of both businesses and individuals. Essentially, it’s the process by which banks provide services to each other, including cross-border transactions and large-scale...
The recent decline in consumer inflation has triggered a notable shift in the Treasury market, significantly influencing rates and reshaping investor sentiments. The unexpected plummet in headline inflation from 35.2 percent in October to 26.4 percent in November 2023 has led to a ripple-effect across the markets, particularly impacting T-bill...
Imagine you have a provision shop where you sell many products. Or you offer different services to your target market. Or you have tried a few side hustles and now have to choose where to put in more of your limited resources. Maybe you have an established business and...
By Korsi DZOKOTO In the realm of economic management, Ghana stands as a stark example of the profound impacts of mismanagement and corruption on a nation's fiscal health. The story of Ghana's economic trajectory is one of promise overshadowed by poor governance, inflated project costs, and unchecked borrowing. As we...
A former Director of Engineering at the Ghana Grid Company (GRIDCo), Ing. Norbert Anku, has said that the nation’s grid infrastructure is well structured to integrate nuclear energy once the power is generated. According to him, electricity integration is one of the mandates of GRIDCo and enough technology is available to...
Technology and Africa’s Development Challenges African governments and stakeholders will have to deal with the stark realities of climate change variabilities, inadequate and unsustainable energy supply and increasing unemployment as nations seek economic solutions. Climate change and its devastating impact on societal livelihoods have taken centre-stage among governments and development partners....
Kenya’s shilling will come under pressure this week, while Tanzania’s will likely hold firm, traders said. Uganda’s shilling was seen strengthening, Zambia’s kwacha holding ground and Nigeria’s naira weakening. KENYA The Kenyan shilling will likely come under pressure due to increased dollar demand from the energy sector and from importers...
On Sunday night, the President delivered his 14th address to the nation on measures taken against the spread of the novel and devastating COVID-19. He used the address to reaffirm government’s determination to save lives, jobs and livelihoods, while revitalising the economy, and safeguarding the future. As part of the...