Fund keeps forecast unchanged but warns world growth will slow
‘First shots’ fired in potential trade war, Obstfeld says
The International Monetary Fund predicted the world economy’s strongest upswing since 2011 will continue for the next two years but warned the seeds of its demise may have already been...
It appears government’s decision to impose a 17.5 percent VAT on mobile phones is causing consternation among traders and some economic thinkers.
The Ghana Union of Trader Associations (GUTA) has fired the first salvo and is asking government not to contemplate any such imposition. GUTA’s point is that while they...
The issue of Cocoa Produce Buying Companies (PBCs) adjusting their scales to cheat cocoa farmers of their due is not only sad but unconscionable.
A private broadcasting station’s latest investigative documentary ‘Missing Kilos’ exposed the stealing of cocoa beans by clerks in licenced cocoa buying companies of the country. The...
Former Finance Minister Seth Terkper has charged government to build up the Sinking Fund to retire the zero-coupon bond that will mature in 2025, as this will free-up resources for whichever government succeeds the present one.
The terms of the zero-coupon bond do not oblige government to make periodic interest...
WTO warns on food supply risks for Africa
The global hike in food prices caused by Russia’s war in Ukraine could lead to mass hunger in developing countries, especially in Africa, according to the World Trade Organization. With 35 African countries importing food from Russia, Ukraine or both, and another...
Quantitative Easing (QE) is another form of expansionary monetary policy in which the Central Bank of a country purchases a large number of financial assets, such as bonds, from commercial banks and other financial institutions. The purchase of these assets in large amounts increases the excess reserves held by...
The Minister of Finance Ken Ofori-Atta has told Parliament that the government of Nana Addo Dankwa Akufo-Addo’s is confident of ending the fiscal year with a deficit of 6.3 percent.
Mr. Ofori-Atta presenting the 2018 Budget and Economic Policy Statement to Parliament today said that: “I’m glad to report that...
With the clock ticking for insurance firms in the country to comply with new minimum capital requirements as directed by the National Insurance Commission (NIC), public equity represents an ideal way of meeting the stipulated target, according to financial market consultant, David Ganesha Tetteh.
The NIC in June 2019, as...
By Joshua Worlasi AMLANU ([email protected])
Consumer inflation rose to 23.5 percent in January 2024, up from December’s 23.2 percent, signalling an end to the five-month-long disinflationary trend that commenced in August 2023.
Data from the Ghana Statistical Services (GSS) indicates a marginal 0.3 percent increase, raising concerns about the anticipated surge...
The coronavirus pandemic will turn global economic growth "sharply negative" this year, the head of the International Monetary Fund (IMF) has warned.
Kristalina Georgieva said the world faced the worst economic crisis since the Great Depression of the 1930s.
She forecast that 2021 would only see a partial recovery.
Lockdowns imposed by...