The final report of the West Africa Growth Ring Corridor Master Plan (WAGRIC) that contains the action plans and strategies aimed at achieving spatial and economic integration of the sub-region has been presented.
The plan aims at enhancing infrastructural and transport connectivity between Ghana, Togo, Burkina Faso and Cote d’Ivoire,...
Ghana’s inflation rate for February 2018 has gone up by 0.3% bring the rate to 10.6 per cent, up from the 10.3% recorded in January 2018.
The monthly change rate for February 2018 was 0.9%, compared to the 1.4% recorded for January 2018.
According to a release from the Ghana Statistical...
interest payments to surpass wages and salaries
Ghana’s debt situation is such that out of every cedi collected in taxes by the Ghana Revenue Authority (GRA), 42 pesewas - almost half - is used to pay interest on the country’s debt; taking resources away from critical sectors, analysis by...
A consultant to the Ghana Alternative Market (GAX), David Tetteh, has advised against the practice wherein companies only approach the capital market as a last resort when they are in distress.
Against the backdrop that access to credit has been the bane of many businesses in the country, he noted...
The Institute of Fiscal Studies (IFS) has warned that, Ghana risk becoming a distress country if the rising debt stock is checked.
According to the IFS, measures need to be put in place by government to arrest the “seriously worsening” debt situation which portends ill consequences for the economy.
This warning...
Most economic forecasters have largely shrugged off recent advances in artificial intelligence (for example, the quantum leap demonstrated by DeepMind’s self-learning chess program last December), seeing little impact on longer-term trend growth. Such pessimism is surely one of the reasons why real (inflation-adjusted) interest rates remain extremely low, even...
Consumers are now more confident in the economy and think it is the opportune time to buy the things they need, the latest Nielsen Consumer Confidence Index (CCi) has shown.
According to the West Africa Consumer Confidence Index (CCI) figures released by Nielsen for Quarter-4, 2017, Ghana climbed eight points...
The cedi seems to have avoided the regular first-quarter curse by staying strong against the greenback, with analysts pinning its performance on the back of solid portfolio inflows and presence of the International Monetary Fund (IMF).
The cedi, for the past five years, has seen consistent massive depreciation in the...
Hajia Alima Mahama, the Minister for Local Government and Rural Development, has admonished regional ministers and coordinating directors to make revenue mobilisation their topmost priority this year.
She said this would help improve service delivery to stakeholders in particular to build a better Ghana, adding that they must be able...