… Regional Course on Macroeconomic Diagnostics (MDS) starts Policymakers need to build capacity and sharpen their skills to design policies that will enable countries to restore price stability and design fiscal plans to alleviate the cost-of-living pressures, Director General of West African Institute for Financial and Economic Management (WAIFEM),...
with inflation, FX, policy rate set to cage economy Amid the central bank's continued aggressive policy stance, a free-falling cedi and an eclectic collection of external factors, the research arm of Databank has projected an end-of-year overall Real Gross Domestic Product (GDP) growth rate of between 3.5 and 4.5...
Consumer inflation is expected to surpass the 40 percent threshold for an accelerated 17th consecutive month due to the local currency's depreciation, particularly over the past month, as well as the rise in fuel prices and full effects of utility rates hikes. Ahead of the official release by Ghana Statistical...
Government has invested over US$500million in its effort to digitalise the economy, Director General of the National Information Technology Agency (NITA), Richard Okyere-Fosu, has stated. According to Mr. Okyere-Fosu, most of the investments were to provide the needed infrastructure and enabling environment to ensure the basic and needed framework that...
Speakers at the 2022 edition of the Stanford Seed Transformation Network Ghana Chapter’s annual flagship Business and Leadership conference have called for businesses to be resilient in the face of economic crisis, and see it as an opportunity to grow. Mr. David Ofosu-Dorte, Executive Chairman at AB & David Law...
The maiden edition of the Metro TV’s Economic Dialogue Series on the theme ‘Fixing the Ghana Cedi; Key to Sustainable Growth’ comes off today at the Metro TV studios in Accra. The dialogue, which will feature seasoned economists and industry players, will set the stage for a paradigm shift in...
as GFZA launches Investment Week Thirty-nine new free zones companies licenced to operate within the last year and a half are expected to inject some US$230million into the economy, says Chief Executive Officer (CEO) of the Ghana Free Zones Authority (GFZA), Ambassador Michael Oquaye Jnr. “Since I took over as...
The prevailing economic hardship is global, albeit lesser felt in some economies than others. Developed economies are struggling, with the majority of its citizens experiencing ‘unimaginably’ high interest and inflation rates for the first time in their lives. In most developing and poor countries, the effects are enormous and...
“Our governments were also compelled to encourage foreign investments by providing tax holidays and other incentives that supported foreign companies to out-compete local industries. This was the genesis of the current weak economic structure we are struggling with.” It was long overdue, but at last on October 30, 2022...
The Board of Governors of the ECOWAS Bank for Investment and Development (EBID) has unanimously increased the Bank’s authorised capital from USD 1.5 billion to USD 3.5 billion with effect from January 2023. The Governors have also called for the third tranche of the capital of the Bank which is...