By Juliet ETEFE Amid the ongoing economic struggles, Chief Alhassan Andani, the Executive Chairman of LVSafrica, has  advocated a deliberate transition from a procurement-driven to a productive economy. Key to his proposal is the crucial need for long-term patient capital, tax breaks and other incentives to enable domestic producers to...
By Joshua Worlasi AMLANU [email protected] Finance Minister Dr. Mohammed Amin Adam has assured that government is pushing forward with its debt negotiations, determined to reach an agreement with its creditors that is acceptable to all parties while staying within the sustainability targets of its IMF-supported economic programme. Ghana is aiming to...
By Joshua Worlasi AMLANU [email protected] The Governor of the Bank of Ghana, Dr. Ernest Addison, has expressed expectations for flexibility within the IMF programme to accommodate the evolving dynamics of the local economy. Speaking at a joint press conference on the second review of the IMF-supported post-COVID-19 Programme for Economic Growth...
The ministry of finance has affirmed that ongoing negotiations regarding debt restructuring with creditors have not culminated in failure. Through a tweet, the ministry clarified that an interim agreement has been reached between Ghana and bondholders, but adjustments are necessary to align with IMF debt sustainability targets. “Ghana and Bondholders reached...
Intellectual Property Rights, a crucial legal framework, serve as a shield for intellectual property and intangible creations of the human mind. These include inventions, literary and artistic works, designs, and symbols used in commerce. Intellectual property rights play a pivotal role in fostering innovation and economic growth by significantly...
In a significant engagement underscoring international collaboration for sustainable development, Development Bank Ghana (DBG) hosted a distinguished delegation from Germany’s Bundestag (Federal Parliament). The visit took place at DBG's headquarters recently. The German delegation was led by Mr. Volkmar Klein, MP, representing the State of North Rhine-Westphalia, and Mr. Lutz Lienenkämper,...
By Joshua Worlasi AMLANU & Ebenezer Chike Adjei NJOKU [email protected] / [email protected] The recent hike in inflation in March was ‘not surprising’ and poses no significant threat to the general recent disinflationary trend, Head of Research at GBC Capital, Courage Boti, has said. Consumer inflation reached a new high of 25.8 percent...
By Joshua Worlasi AMLANU & Ebenezer Chike Adjei NJOKU Last week witnessed a significant appreciation of the cedi against major currencies, buoyed by a combination of positive factors. According to Databank Research, the infusion of US$300million by the World Bank, the first tranche of its US$900million support to Ghana, coupled with...
but faster and more equitable growth needed to reduce poverty Increased private consumption and declining inflation are supporting an economic rebound in sub-Saharan Africa. However, the recovery remains fragile due to uncertain global economic conditions, growing debt service obligations, frequent natural disasters and escalating conflict and violence, according to...
By Joshua Worlasi AMLANU & Ebenezer Chike Adjei NJOKU [email protected]/ [email protected] The Treasury faces a potential hurdle in deficit financing as commercial banks, which hold over 35 percent of outstanding Treasury bills, are expected to gradually liquidate their holdings to fund credit creation, according to a note from GCB Capital. The...