The informal sector accounts for around one-third of economic activity in emerging markets
Informal enterprises play an important role in economic resilience and employment
Fintech solutions are helping support formal and informal MSMEs in underbanked areas
Long viewed as a barrier to market development and fiscal sustainability, a dynamic...
The Cedi recovered strongly against the dollar, appreciating to 13 from 14.05 at last week’s close after President Nana Akufo-Addo said bondholders won’t suffer losses as part of any IMF bailout.
The recovery was aided by a Bank of Ghana clampdown on illegal FX traders. Dollar demand remains heavy ahead...
… the verdict
The economy of Ghana was described as a model economy for a developing country and praised by many experts as one of the fast-growing economies in the world. In 2021, Bloomberg published a report that Ghana's economic growth was faster for two years running, outperforming forecasts of...
Ghana like many other countries has not been spared the current global economic crisis. The last three months have been most excruciating, with unprecedented cedi-depreciation and rising prices of goods not seen in our recent history.
The aim of this article is to offer a few recommendations on the way...
The Africa office of US-based Strategic Impact Advisors (SIA) has, through simplified, compelling and free digital finance literacy, improved the economic conditions of over 200,000 micro entrepreneurs in Africa, of which over 75 percent are women.
The 200,000 plus beneficiaries include some 70,000 in Ghana alone, where the Africa office...
For Ghanaian technology startups to gain a larger share of the rapidly increasing funding pouring into the continent, there is a need to show that their offerings are scalable and can work in a variety of markets; particularly in other parts of the continent.
This is according to the Country...
Adam Smith defined economics as “an inquiry into the nature and causes of the wealth of nations”. This definition is centred on quantitative development that involves the physical edifices around us. Smith’s critiques said that: “He over-emphasised the material aspects of well-being and ignored the non-material aspects. It was...
We have consistently and unapologetically characterized the country’s economy as import dependent since the Guggisberg times. Sixty- five years of independence is also long enough to have changed the structure of the economy if we cared enough about the true meaning of political and economic independence, rather than sloganeering.
From...
Cocobod inflows, more FX coming
December in GH to rake in more FX
Bond market yields reacting positively
Imminent USA recession to push investors elsewhere
The cedi’s dark days appear to be over, at least until the end of the year, with market movements over the last week. There...
Rwandan President Paul Kagame has said that bridging the huge digital gap in Africa requires deliberate and constant partnership between governments and the private sector.
He said governments must lead the way by deliberately reducing the tax burden on the private sector in exchange for obligated investments into innovations that...