Global oil demand has rebounded somewhat faster than previously thought, although the spread of the corona virus in the United States and Latin America is “casting a shadow over the outlook,” the International Energy Agency (IEA) wrote in its latest Oil Market Report.
The last few weeks have seen crude...
Happy 98.9FM has engaged key personalities namely Edward Boateng, Ghana’s Ambassador to China, Zhu Jing, Charge D’Affaires of the Chinese Embassy in Accra and Musa Frimpong, Founder of the Duapa Africa initiative in a gripping conversation on Ghana-China relations, COVID-19 and the way forward as the two countries mark...
The COVID-19 pandemic is devastating labor markets across the world. Tens of millions of workers lost their jobs, millions more out of the labor force altogether, and many occupations face an uncertain future. Social distancing measures threaten jobs requiring physical presence at the workplace or face-to-face interactions. Those unable...
Globally, countries are experiencing a rapid expansion of digitisation and technological advancements that touch on nearly all aspects of life. In general, the surge in digitisation has improved operational efficiency and service delivery in all the key sectors of public and commercial importance - from manufacturing and industry, to...
With some drivers and transport owners unreasonably charging an upward fare, the Ghana Private Road Transport Union (GPRTU) is yet to release the new transport fares this weekend, after the Ministry of Transport approved a 15 percent hike in fares across the board in the country.
Justifying the increment, the...
Governments and development partners must respond in a more coordinated, targetted and rapid manner to be effective in limiting impact. An additional 49 million Africans could be pushed into extreme poverty by the pandemic and its aftermath; West and Central Africa stand to be worst-hit
Africa’s economic growth could rebound...
African sovereigns’ border closures and broader lockdown measures have significantly slowed small-scale trade across Africa, a crucial source of income and employment on the continent
Recovery will be slow and there is a risk of longer-term scarring from the crisis
Falling revenues from economic slowdown, spending on measures,...
Todaro & Smith (2006, p.811) define economic growth as “The steady process by which the productive capacity of the economy is increased over time to bring about rising levels of national output and income”.
Economic growth means an increase in an economy’s output of goods and services in a particular...
The performance of stock markets, especially in the United States, during the coronavirus pandemic seems to defy logic. With cratering demand dragging down investment and employment, what could possibly be keeping share prices afloat?
The more economic fundamentals and market outcomes diverge, the deeper the mystery becomes, until one considers...
Ghanaian consumer confidence declines by 15 points
Nigerian sentiment also experiences a significant decline
Against a backdrop of the unprecedented COVID-19 pandemic, West African consumer sentiment has experienced a sharp drop in the Nielsen Consumer Confidence Index (CCI) for Quarter 2, 2020. Ghana’s figures show a substantial decrease of...