The Bank of Ghana Governor, Dr. Ernest Addison, has thrown his weight behind discussions which call for putting a ceiling on borrowing, given deep concerns about the country’s public debt after the World Bank released a damning report on the economy.
According to the World Bank’s Africa’s Pulse report (October...
In this great big world of digitisation seemingly on steroids, and innovations springing up faster than mushrooms overnight after a good soft rain, it is more than easy to be considered out of fashion and outside of the spectrum of useful and technological applications.
Yet somehow, Unstructured Supplementary Service Data...
Egypt intends to call on rich nations to fulfil pledges to support poorer countries in their transition to cleaner energy and build resilience to future climate shocks. Egypt intends to “leverage African leaders’ voices to mobilise greater support for a green and resilient recovery in Africa,” the UN Economic...
The Cedi weakened marginally to a fresh dollar low this week, trading at 10.48 from 10.45 at last week’s close. Moody’s became the latest to cut Ghana’s credit rating, lowering by one rung to Caa2, eight levels below investment grade, citing macroeconomic deterioration that has dealt a further blow...
assures bank will leverage brand equity to turn tide around
The Chief Executive Officer (CEO) of UMB Bank, Nana Dwemoh Benneh, has said that for financial institutions, in general, and banks in particular, to successfully navigate the current economic downturn, there is the need to place added emphasis...
Countries may ban the exportation of certain commodities from time to time. It is not an altogether uncommon thing to do, and it may occur for several different reasons.
The length of time a commodity may remain banned is entirely relative to the reason or reasons it was banned for,...
Following Fitch’s latest downgrade of the country’s credit rating to a 'CC', Chief Executive Officer (CEO) at Annan Capital Partners, Roberta Annan, says private businesses will have to brace for more turbulence and tighten their belts as the rating agency’s action compounds the already-existing credit crunch on the market.
Fitch...
Mozambique and Equatorial Guinea in election spotlight
African elections are back in the spotlight this week, with the world’s longest-serving president—Teodoro Obiang in Equatorial Guinea—announcing he intends to run again in November’s elections to extend a 43-year tenure that began after a coup he led in 1979. Also this week,...
African elections are back in the spotlight this week, with the world’s longest-serving president—Teodoro Obiang in Equatorial Guinea—announcing he intends to run again in November’s elections to extend a 43-year tenure that began after a coup he led in 1979. Also this week, Mozambique President Filipe Nyusi was re-elected...
Inflation, which refers to the rise in prices of goods and services, affects everyone. That notwithstanding, some people are oblivious to its direct impact on our lives. This brings to the fore a phenomenon called 'Money illusion' - which is the tendency to view income and wealth in nominal...