A common belief held among economic and financial pundits is, inflation has strong influence on the value of financial assets. Stated differently, a strong relationship could be established between inflation and the value of financial assets in the global financial market. However, inflation occurs when there is a general...
The Monetary Policy Committee (MPC) of the Bank of Ghana has, once again, kept the policy rate at 14.5 percent, citing risk to inflation and fiscal disruptions emanating from COVID-19 related expenditure as reasons, making it the sixth consecutive time the MPC has kept the policy rate constant in...
A report by the Sekondi-Takoradi Chamber of Commerce and Industry (STCCI) has shown that businesses in Western Region have been badly affected by the coronavirus pandemic, as about 90 percent of them have been hit one way or the other.
According to the Business Condition Report (BCR) Quarter 1, 2020,...
President Nana Akufo-Addo has assured that government has made significant progress in its external debt negotiations since announcing an external debt service suspension on December 19, 2022 for certain categories of external debt.
This suspension was an interim emergency measure toward a comprehensive external debt operation, which will contribute to...
Former Minister of Finance, Seth Terkper has disagreed that the country has ‘turned the corner’ in its race to overcome the economic challenges faced over the last few years.
Reacting to comments by the Minister of Finance Ken Ofori-Atta that the economy had turned a corner in the face of...
Africa's economic fragility and vulnerability have long been a topic of concern for investors looking to invest in the continent. Despite significant strides in recent years, many African economies remain exposed to external shocks and structural issues that hinder their ability to achieve sustained and inclusive growth.
One of the...
There appears to be good news in the offing for businesses seeking patient capital to fund long-term projects, as the National Investment Bank (NIB) is poised to turn its attention toward the nation’s industrialisation drive.
This was disclosed by the bank’s Managing Director, Samuel Sarpong, in an exclusive interview with...
Economic targets of US$8.7 trillion over the next decade
Agenda aims to double the size of Dubai's economy and consolidate its position among the top 3 global cities
The new Dubai Economic Agenda includes 100 transformative projects
‘D33’ aims to double the emirate’s foreign trade to USD 6.9...
The CEO of Ghana Exim Bank, Mr. Lawrence Kwabena Agyinsam, has implored the Indian government through Exim India Bank to endeavour partnering local expertise in the execution of projects in Africa toward an ‘Africa beyond Aid’.
He said this at the just-ended 13th Confederation of Indian Industry (CII)/Exim Bank of...
The Ghana Revenue Authority (GRA) has devised a strategy to translate the increased Tax Identification Numbers (TIN) into revenue in the short term, the Commissioner-General Ammishaddai Owusu-Amoah has told the B&FT.
According to him, the GRA is well aware that the growth in TIN which has been achieved as a...