COVID-19 and its enormous economic repercussions on Africa is putting serious strain on the continent’s Sovereign Wealth Funds – which collectively hold some US$87billion in assets under management.
Experts at advisory firm Konfidants - which publishes the African Sovereign Wealth Funds Index – are projecting that COVID-19 could result in...
Finance Minister, Ken Ofori-Atta has said government will fast-track the process for establishing a National Development Bank (NBD) to help in the economy’s quick recovery post COVID-19.
“We are positioning the newest Development Bank of Ghana to be a critical element of our post-recovery strategy for rapid industrialisation and agriculture...
1. Introduction
The Bank of Ghana (BOG) Monetary Policy Committee (MPC) Report for May 2020 curiously puts the end-March 2020 public debt at 59.3 percent. Since the 2019 Debt Report and the IMF show the end-2019 debt level as 63 percent, it is unlikely to decline substantially to 59.3 percent....
Revenue shortfall now over 90%
GCAA, Airport Company may require gov’t bailout
Staff proceed on leave without pay; non-critical projects suspended
The aviation sector, like other sectors of the economy, is counting its losses and grasping at straws to survive.
With players expressing mixed feelings about continuous closure of...
Debt to GDP hits 59.3%
Primary balance contracts to 3.4%
Total revenue only 2.7% of GDP
The macroeconomic data of the country is flashing red light signals of danger ahead, as it is showing rising debt levels against shortfalls in revenue amid the impact of coronavirus pandemic; thereby...
Ghana Community Network Service Limited (GCNet) is set to shut down its operations at the nation’s ports to finally give way for UNIPASS, now Integrated Customs Management Systems (ICUMS) to takeover single window operations at the port.
In a series of letters written to the existing vendors and various port...
Demand a new deal in and for Africa
Advocate speedy implementation of AFCFTA
Call for Increased Investment in Digital Connectivity
Leaders across Africa and the globe have called for deeper collaboration between governments and private sector players to fight the COVID-19 pandemic.
At the 2nd UBA Africa Day Conversations, screened...
• Demand a new deal in and for Africa
• Advocate speedy implementation of AFCFTA
• Call for Increased Investment in Digital Connectivity
Leaders across Africa and the globe have called for deeper collaboration between governments and private sector players to fight the COVID-19 pandemic.
At the 2nd UBA Africa Day Conversations,...
The World Bank has approved a record US$500 million in grants and low-interest loans to help countries in Africa and the Middle East fight swarms of desert locusts that are eating their way across vast swaths of crops and rangelands.
Four of the hardest-hit countries - Djibouti, Ethiopia, Kenya and...
Rwanda’s economic growth is expected to slow to 2% this year from 9.4% in 2019 as the COVID-19 pandemic hits tourism, transport and hospitality, the finance minister said on Thursday.
Presenting the draft budget for 2020-21 fiscal year, Uzziel Ndajigimana said growth was expected to rebound next year to 6.3%...