The 2018 African Pulse Report by the World Bank has cautioned African governments to reduce their high appetite for borrowing from the markets, especially internationally, as it argues this poses significant risk to economies on the continent.
“The composition of public debt has changed - away from traditional toward new...
Economists at the research desk of Standard Bank, the parent company of Stanbic Bank Ghana, have said that Ghana’s central bank - the Bank of Ghana - may have appetite for moderate depreciation of the country’s currency this year. The information was contained in the March 2018 edition of...
Due to a slowdown in the oil and cocoa sectors, lower government spending and tight credit conditions, Ghana’s economy is expected to grow by 5.7percent, Renaissance Capital, an investment bank, has said.
According to the Russian-based investment bank with offices around the globe, growth from services, construction and manufacturing will...
…as China remains the largest investor in projects in Africa
Jean-Pierre Labuschagne, Director of Corporate Finance, Africa Lead in Infrastructure & Capital Projects at Deloitte & Touche, has called on government to employ competent advisors for infrastructure projects, and pay contractors on time to avoid cost overruns.
Presenting the 2017 Africa...
President Nana Addo Dankwa Akufo-Addo on Tuesday called for investors and business leaders from the United Kingdom to participate in the extraordinary and unlimited investment opportunities available in Ghana.
He told them that Ghana is the ideal place in the West Africa region and on the continent in which to...
Ghana aims to bring inflation down to single digits in 2018 at around 8.9 percent, President Nana Akufo-Addo said on Tuesday.
Speaking at a conference in London, he added that economic growth is forecast at 8.3 percent in 2018.
“This would make it one of the fastest growing economies in the...
Fund keeps forecast unchanged but warns world growth will slow
‘First shots’ fired in potential trade war, Obstfeld says
The International Monetary Fund predicted the world economy’s strongest upswing since 2011 will continue for the next two years but warned the seeds of its demise may have already been...
The Minister for Trade and Industry, Alan Kyerematen, has said that, the Akufo-Addo government was still committed to building an economy that is resilient and robust enough to grow the private sector to produce Ghanaian owned multinational companies.
He believes this will subsequently take Ghana from begging for aid and...
Despite the country’s economy growing by 8.5 percent in 2017 - largely boosted by oil and gas - one of the critical sectors, manufacturing, sadly continues its poor showing.
The provisional 2017 GDP figures released by the Ghana Statistical Service (GSS) shows that the manufacturing subsector grew by 3.7 percent...
Multi-billion-euro investment from companies, governments
French company’s biggest project with partners in Ghana
Bollore SA, the largest ports operator in Africa, said billions of euros of investment in upgrades to West African harbours by governments and companies will provide enough capacity for them to operate sufficiently for the next...