Failure of government to adequately audit the receipts and expenditure attributable to COVID-19 could come back to bite in negotiations with the International Monetary Fund (IMF), Dean of the University of Cape Coast Business School, Professor John Gatsi, has said. The nation’s pandemic funds have been shrouded in controversy, with...
Director of the Institute of Statistical Social and Economic Research (ISSER) at the University of Ghana, Professor Peter Quartey, has urged government to ensure engagement with the International Monetary Fund (IMF) are formulated around home-grown policies on agriculture and industrial transformation that will make the economy robust. Speaking to journalists...
The US dollar has been on a tear this summer. The Japanese yen and the euro have fallen to their lowest levels against the greenback in two decades; the euro, long worth more than one dollar, is now hovering close to parity. The US Federal Reserve’s broad trade-weighted dollar...
The Chief Executive Officer (CEO) for the Association of Ghana Industries (AGI), Seth Twum Akwaboah, has described the country’s business environment for this year as challenging. According to him, hikes in utility tariffs, fuel prices increment, policy rate at 24.5 percent - leading to high interest rates, very high levels...
African elections are back in the spotlight this week, with the world’s longest-serving president—Teodoro Obiang in Equatorial Guinea—announcing he intends to run again in November’s elections to extend a 43-year tenure that began after a coup he led in 1979. Also this week, Mozambique President Filipe Nyusi was re-elected...
Deputy Managing Director of IMF, Antoinette M. Sayeh, poignantly stated that “Countries that have strong economic institutions respond more effectively to crises and are better prepared for a resilient recovery. And that is true across any level of development”. We are told by the IMF that, the excruciating economic...
Abstract: African countries depended less on foreign currency to maintain the wheels of government and society in the early days of the post-colonial era. However, in the form of modernization and dependency, the global West exported its development model to the global South and its periphery after World War II...
Finance Minister Ken Ofori-Atta has argued that the recently-initiated domestic debt exchange programme (DEP) will be a necessary tool to recalibrate the prevailing interest rate regime and return the country’s debt situation to more sustainable levels. He, therefore, called on holders of domestic debt to voluntarily exchange approximately GH¢137billion of...
Communications and Digitalisation Minister Ursula Owusu-Ekuful says having a lot more women participating in the Ghanaian Science, Technology, Engineering and Mathematics (STEM) ecosystem will spur the country’s economic growth. Citing the Council on Foreign Relations, an American think-tank specialising in U.S. foreign policy and international relations, she argued in a...
The financial services industry has been called upon to unite in engagements concerning the Domestic Debt Exchange Programme (DDEP), as unfavourable terms will have long-lasting implications on every aspect of the industry. Speaking at his investiture as the new Chartered Insurance Institute of Ghana (CIIG) president, Solomon Lartey - Chief...