On the back of the current sovereign debt crisis and cedi depreciation, Chief Executive Officer of Axis Pension Trust, Afriyie Oware, says pension funds are not resilient enough to withstand these economic shocks, especially taking into consideration the maximum allowed by the law for foreign asset holdings. The National Pension...
I’ve worked in the economic and social development sector for more than 20 years. I love my job, but when I mention it to other people, they seem confused about what I actually do. “So, you work on funding citywide programs? You raise money to support some kind of...
National sovereignty, peace, financial prosperity, and territory management have been the building blocks for independence. Although the world has entered a much more civilized and democratic era, human nature to win and rule has never changed. In the recorded human history of 3400 years, there has been peace for...
Rising inflation weighs on Cedi The Cedi strengthened marginally against the dollar this week, trading at 7.035, recovering from a record low 7.060 at the end of last week. Inflation ticked higher in February to 15.7% from 13.9% in January as a result of rising food prices, exacerbated by Russia’s...
as it unveils digital portal to tax online trading The Ghana Revenue Authority (GRA) has launched an E-commerce and Digital Service Registration Portal, as it anticipates to mobilise GH¢1.7 billion revenue from taxing online businesses beginning April this year to increase the chances of meeting its 2022 tax target. The...
With the recent hikes of petroleum prices in the country, year-on-year inflation is expected to rise further over the coming months. It is inevitable that the fuel price increases will have a severe impact on both food and non-food inflation in the Consumer Price Index (CPI) basket. “The March fuel...
African currencies net losers in oil spike Russia’s war in Ukraine has sent oil skyrocketing to more than $130 a barrel—its highest price since the global financial crisis. Elevated oil prices alongside limits on Russian oil exports are likely to benefit African crude producers including Algeria, Angola, Nigeria, Libya and...
With global crude oil prices remaining elevated and their pass-through effects on ex-pump petroleum prices, utilities and transport, consumer inflation continued its upward ascent as cost-push factors continue to bite. Data from the Ghana Statistical Service (GSS) show that consumer prices in the country have risen to their highest level...
Second Deputy Governor of the Bank of Ghana, Elsie Addo Awadzi, has called on women to leverage opportunities that digitisation provides - as she says this is a sure way of bridging the gender equality-gap and increase their participation in economic activities. Speaking on the theme ‘Women as Builders of...
The Ghana Investment Promotion Centre (GIPC) has set the tone and momentum toward attracting a target of US$3billion in Foreign Direct Investments (FDIs) this year, leveraging the UAE as a key investment market through the ongoing Dubai Expo. Last year, Ghana raked in an FDI of US$1.4billion - an amount...