The World Bank has advised African governments not to adopt too-stringent rules of origin for initial stages of the African Continental Free Trade Area (AfCFTA), as such a move will restrict growth of the trade pact.
The report, titled ‘Africa in the New Trade Environment’, says given the fact that...
The World Bank Chief Economist for Africa region, Albert G. Zeufack, has called on policymakers to develop policies that are export-oriented toward Asia to support faster economic growth and transformation. This call comes amid the turbulent times of the coronavirus pandemic; as global competition has seen the gradual restructuring...
A new report from the World Bank has revealed that Ghana will not be among the largest gainers from the African Continental Free Trade Area (AfCFTA) due to its smaller manufacturing base and underdeveloped transportation infrastructure, especially, railways.
According to the report titled ‘Africa in the New Trade Environment’, countries...
Mrs. Elsie Addo Awadzi has been reappointed as the second Deputy Governor for a second term with effect from Monday.
Mrs. Addo Awadzi has over 25 years of professional experience working in various capacities in Ghana and internationally - in law, finance, policy and regulatory reforms, financial sector regulation, sustainable...
“A people will grow when their elders start planting trees whose shade they will never enjoy”, some old saying goes something like that.
The word “Sustainability” could refer to the ability of an organization, a business, a person, a people, to continue over a longer period. It's highly relevant in...
Uncertainties surrounding the country’s ongoing access to forex are causing speculations on the FX market - which has effectively driven the spread between cedi depreciation on the interbank and the retail markets.
This is happening despite the central bank’s intervention on the FX market, through its bi-monthly FX forward auction as...
…as market returns -0.81% for the period
Despite an uptick in activity, the Ghana Stock Exchange (GSE) saw volume and value of shares traded dip 64.98 percent and 45.09 percent respectively on a year-on-year (YoY) basis in January, according to data from the Accra bourse.
This comes as aggressive profit-taking anchored...
Minister for Health, Kwaku Agyemang-Manu, has confirmed that the World Bank has given the country up to US$430million in the fight against COVID-19.
Addressing the media during a visit by Vice President for the Western and Central Africa Region, Ousmane Diagana, to the Korle Bu Teaching Hospital in Accra to...
The Cedi slumped against the dollar this week, sliding to 6.375 from 6.296 at last week’s close, after Moody’s cut Ghana’s credit rating deeper into junk territory, reducing it one level to Caa1 from B3.
The rating agency said the government faces an increasingly difficult task to address its liquidity...
African economies are beginning to recover from the impact of COVID-19. Despite making some gains in 2021, it could be difficult for nations to grow their economies in 2022, it seems.
African economies were badly hit by the emergence of COVID-19 in 2020 and the subsequent slowing of the global...
