For those who viewed negative interest rates as a bridge too far for central banks, it might be time to think again. Right now, in the United States, the Federal Reserve – supported both implicitly and explicitly by the Treasury – is on track to backstop virtually every private,...
Markets in Africa’s cities are central to the food chain. But many had to close because of COVID-19 measures.
In countries across Africa, the public health restrictions imposed to deal with the COVID-19 pandemic have thrown many people out of work. Cities face the risk of widespread hunger, with the...
The average standard of living of Ghanaians virtually experienced no change between 2018 and 2019 as figures from the Ghana Statistical Service (GSS) show that the GDP per capita of the economy marginally declined between the period.
The data indicates that per capita GDP – which simply divides a country’s...
The onset of a coronavirus-induced global recession has affected both labour markets and financial flows across the world. At the confluence of these two are remittances, which have increasingly been among the top contributors to GDP in many emerging markets over recent decades.
The issue is particularly pertinent for those...
COVID-19 threatens to decimate informal labour force
Informal workers' incomes already down 60%
"Help them now," pleads global labour body's head
Some 1.6 billion people employed in the informal economy – or nearly half the global workforce - could see their livelihoods destroyed due to the continued decline in...
Nigeria’s oil and gas exports are expected to decline by at least $26.5 billion as the novel coronavirus batters international prices and cuts fuel demand, the International Monetary Fund said late last week Wednesday.
Nigeria, Africa’s largest oil exporter, told the IMF in a letter requesting emergency financial assistance that...
The March 2020 Banking Sector Report has shown that the cedi’s strength against major trading currencies such as the dollar in the first two months of this year has made it unattractive for depositors to hold foreign currency accounts.
The figures reveal that out of GH¢83.1billion in total deposits, only...
The First Deputy Speaker of Parliament and MP for Asante-Bekwei, Joseph Osei-Owusu, has indicated that all roads that have been earmarked for construction this year are intact and will be delivered, but funding to some contractors may delay.
According to the Dep. Speaker, government is going to face a huge...
The Ghana Stock Exchange has struggled to make a meaningful impact for the past few years, making it quite unattractive. In the last few years between 2014 and 2019, the only impressive return was in 2017 when the Exchange returned 52.73%.
The reasons for this slow performance are attributed to...
Governments and policy makers must focus on saving lives and economies at all cost without regard to Debt to GDP ratios. We are in a very difficult time globally. The world is faced with a serious pandemic that’s ravaging all economies. World economic giants are all scrambling to stop...