The International Monetary Fund (IMF) has projected the country’s public debt to hit 83.5 percent of Gross Domestic Product (GDP) by end of the year, thereby throwing the economy into the dreaded list of debt-distressed countries.
Already, the country is in the basket of economies at high risk of debt-distress...
Government is to set up a new national development bank to “mobilise private capital toward agricultural and industrial transformation”, Finance Minister Ken Ofori-Atta revealed in the 2018 Budget and Economic Policy of Government presented to Parliament yesterday.
“To achieve an efficient financial sector with innovative and long-term financing instruments to...
…as nationwide vaccination could take several years
The Economist Intelligence Unit (EIU) has cast doubt on the prospect of economic activities fully returning to normal shortly - citing probability of the country’s inability to achieve a nationwide roll-out of vaccines due to financial and logistical challenges.
Even though Ghana was the...
The Chairman of the Commonwealth Enterprise and Investment Council (CWEIC), Lord Marland, has advised the country to accelerate efforts at adding value to its produce.
He said value addition and processing are fundamental issues that the country must address in its effort to harness trade and speed up economic recovery...
African governments are being impressed upon to keep their trade borders open for business in order to ensure the free flow of medical supplies, food and other essentials which will aid the fight against the COVID-19 pandemic.
The deadly coronavirus pandemic outbreak has forced several jurisdictions to close their borders...
Milled rice has been officially added to listed products on the Ghana Commodity Exchange (GCX) as part of efforts to standardise quality and transform its marketing.
With the listing of rice, farmers can now access secured storage with grain-testing facilities, grain quality improvement, capacity building, as well as linkages to...
It is a norm for governments all over the globe to seek extra funding from the international capital market to finance their budgets and execute earmarked infrastructural projects. OECD nations, a united front for mostly developed countries who share their common eco-social problems and collaborate on finding solutions, are...
By Elizabeth PUNSU, Sefwi Asawinso
The Asawinso Rural Bank PLC in the Sefwi Wiawso Municipality in the Western North Region has held its 38th Annual General Meeting of shareholders and posted growth in almost all financial indicators for the 2023 year under review.
The bank recorded a profit before tax of...
The call for establishment of a Construction Industry Development Authority (CIDA) is not without cause. In the 21st century, infrastructure is the lifeblood of prosperity and economic confidence.
Successful delivery of well-planned infrastructure investments offers developing economies like Ghana opportunity to compete in the global marketplace. Construction is the mechanism...