Impact of COVID-19 in South Africa projected to affect the rest of Southern African economies
A higher level of preparedness is urgently needed to prevent and mitigate the COVID-19 pandemic in Southern Africa, including additional resources for testing and to reduce the impact on households and the economy, the African...
Member of Parliament for New Juaben South and Chairman of the Finance Committee in Parliament, Mark Assibey-Yeboah, has defended government’s decision to suspend the Fiscal Responsibility Act which requires the deficit to be kept at a maximum of 5 percent of GDP - citing the pandemic as a reason...
Former Finance Minister Seth Terkper has said that the expenditure related to the coronavirus pandemic should not be solely considered as responsible for the widening fiscal deficit but rather what is driving the debt is the funds used to resolve financial institutions and energy sector debt which were excluded...
The coronavirus (COVID-19) has presented enormous challenges to the developed, emerging, and developing economies. The COVID-19 has revolutionized international trade, thereby initiating businesses into a new era of trade facilitation.
The modern era of international trade is one of the increasingly complex interactions between organizations, firms, and people. Countries that...
The African Continental Free Trade Area (AfCFTA) represents a major opportunity for countries to boost growth, reduce poverty and broaden economic inclusion, a new World Bank report has found. If implemented fully, the trade pact could boost regional income by 7% or US$450billion; speed-up wage growth for women; and...
Bank of Ghana data shows that the while coronavirus pandemic has severely bruised the country’s economy, leading to losses in most sectors, other sectors have started showing recovery even as early as the month of May 2020.
The data reveals cement sales and port activities have improved significantly in the...
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...
At one time or another, nations and individuals confront crisis points – moments of existential challenge that also open up new possibilities. African countries, at just such a crisis point as a result of the novel coronavirus, face three possible outcomes post-pandemic: play catch-up, stand still or fall even...
The Monetary Policy Committee (MPC) of the central bank has again, unsurprisingly, maintained the policy rate as the ravages of the coronavirus pandemic have made it impossible for the rate to be cut for the private sector to have access to more affordable loans.
Ever since the Bank of Ghana...
Minister of Finance, Ken Ofori-Atta, has revealed in the 2020 mid-year budget review that government has released an amount of GH¢57,800,000 for the payment of nursing students allowance.
According to the Finance Minister, the stipulated amount is to cover the allowance of some 48,200 nursing students across various nursing training...