Remittances are a vital source of income for developing countries, and news that global remittances are projected to decline sharply by about 20 percent this year because the COVID-19 induced economic crisis sends the chill.
The projected fall would be the sharpest decline in recent history largely due to a...
set to better last year’s production
revenue to remain intact
The mining sector is confident of improving on last year’s production of over 4 million ounces of gold, despite the devastating effects of the novel Coronavirus, the Ghana Chamber of Mines, has assured.
Although the Chamber is still in the...
The International Monetary Fund (IMF) has said that the coronavirus pandemic’s impact on Sub-Saharan African will come from three main shocks namely, economic disruptions, spillovers from global fallouts, and commodity price shocks.
In its report released from the April 2020 virtual Spring Meetings on Sub-Saharan, the Bretton Woods institution said...
African countries are being urged to adopt an inward-looking trade strategy post COVID-19 to help boost the continent’s industrialisation agenda, and also make it a strong force in the global supply chain management.
According to the Executive Chairman of law firm AB & David, David Ofosu-Dorte, this is the time...
President of the Ghana Institute of Freight Forwarders (GIFF), Edward Akrong says the UNIPASS, now Integrated Customs Management Systems (ICUMS), contrary to suggestions by government that all is well, is creating lots of unbearable problems for clearing agents and importers since its deployment at Takoradi Port.
According to him the...
Some high-profile sovereign creditors are signalling a tentative willingness to help poorer countries with debt relief during the coronavirus pandemic - but many also caution that it won’t be as simple as it sounds.
Recent agreement by G20 governments to freeze as many as 77 poorer nations’ debt payments for...
There are records at the Ministry of Finance and the Ministry of Trade and Industry which clearly indicates that the Government of Ghana took a decision to deploy the UNI-PASS single window service to address the issues arising from the transition from the existing Customs Management System to a...
The country’s total output for last year has shown a marginal improved growth over that of 2018, as figures from the Ghana Statistical Service (GSS) indicate the economy grew by 6.5 percent - largely driven, once again, by oil.
This is a 0.2 percentage point higher than the 2018 growth,...