Finance and Risk are two crucial issues in the world of business that cannot be over-emphasized. Finance is the heart and soul of any business; it plays an essential role from its establishment to its growth. I’m tempted to define ‘finance’, though most of us have an idea of what...
Industry players have said the current business environment does not favour the growth of indigenous enterprises, particularly noting rising interest rates coupled with the introduction of taxes on businesses. This development, according to the entrepreneurs, cripples the ability of Ghanaian-owned businesses to compete effectively with foreign-owned businesses in the country. The...
Remittances to low- and middle-income countries are projected to rise by 4.2% in 2022 Inflows are expected to provide crucial support amid rising energy and food costs The pandemic highlighted the importance of remittances to emerging markets Funds are increasingly being sent via digital channels, with new start-ups...
Finance Minister Ken Ofori Atta has revealed that the African Trade Insurance Agency has been instrumental in addressing the country's balance of payments challenges and supporting the local currency. Speaking at the ATI annual general meeting’s opening ceremony, Mr. Ofori-Atta said ATl’s intervention is helping Ghana maintain adequate foreign exchange...
Growth of the local economy - including Oil and Gas - reached 3.3 percent year on year (y-o-y) in the first quarter of 2022; lower than the same period of 2021 at 3.6 percent, according to provisional data released by the Ghana Statistical Services (GSS) This represents the lowest growth...
Considering the ripple-effects of the COVID-19 pandemic, the ongoing Russia-Ukraine conflict as well as the ever-present possibility of other natural and man-made hiccups going forward, there is a need to formally institute a strategic economic pathway to minimise the impact of such a development on the local economy, former...
In March 2022, the United Nations released a report indicating that in the coming months 107 countries in the world will face one or all three risks arising from COVID-19 and the Russia-Ukraine war. The risks are rising food prices, rising fuel prices and tougher financial conditions. Together, the 107...
Offshore investors have further reduced their participation in the local equities market amid the global shift toward tighter monetary policy stances to contain inflationary pressures. This has largely led to a strengthening of the U.S. dollar and rising long-term bond yields, inducing the widened sovereign bond spreads, capital flow reversals...
Early indications have signalled an easing in the rate at which prices of goods and services are rising, Director of Research at the Bank of Ghana, Dr. Philip Abradu-Otoo, has suggested. Inflation accelerated to 27.6 percent in May - an 18-year high, compared to 7.5 percent at the end of...
Food, debt relief and spending to ease Ukraine-Russia fallout  Zambia held its long-delayed meeting with China and other international lenders in the wake of its debt default in 2020 as it seeks to unfreeze $1.4bn of funding from the IMF. Meantime, as the global food crisis rages on, the US is...