The world is evolving with the introduction of artificial intelligence (AI). Lawyers, teachers, administrators stand the risk of being booted out as it might not be efficient to use humans to carry out the function that programmes, app, robots can comfortably, effectively and efficiently do in time and cost-saving...
With more than US$7.5 trillion owed to external creditors, emerging economies’ debt-service costs are becoming increasingly onerous just when they need as much fiscal space as possible to confront the COVID-19 crisis. While there is a strong case for canceling much of this debt, many key players oppose doing...
The COVID-19 pandemic pushed economies into a Great Lockdown, which helped contain the virus and save lives, but also triggered the worst recession since the Great Depression. Over 75 percent of countries are now reopening at the same time as the pandemic is intensifying in many emerging market and...
With digital payment services and streaming platforms experiencing rapid growth during the coronavirus pandemic, governments in emerging markets are looking at introducing digital taxes as a way of expanding state revenue.
The pandemic and associated lockdowns have caused commerce to shift online, as consumer purchases are increasingly made through digital channels. Meanwhile, streaming...
Quietly, largely unappreciated and mostly overlooked, the global economy is kept afloat by a tireless professional workforce known as seafarers. As early as 4000 BC, humans employed the use of vessels to cart goods and people via the oceans which transcend nations and thus connecting us all. Today, from...
While some have bemoaned the dependence of African states on commodities and raw materials for export, a new UNCTAD report suggests demand for raw materials used to manufacture rechargeable batteries will grow rapidly as the importance of oil as a source of energy recedes.
The report documents the growing importance...
The Public Interest and Accountability Committee’s (PIAC) 2019 annual report has again amplified that petroleum revenues lack proper accountability - with challenges such as a lack of transparency in the utilisation of petroleum funds, to a deviation in the core mandate of the Ghana National Petroleum Corporation (GNPC) to...
Despite apocalyptic predictions, Africa may be better positioned than many think to weather the combined shock of the COVID-19 pandemic, collapsing commodity prices, and global economic recession, assuming its leaders act wisely. While African economies’ performance has varied, overall progress during the last two decades has made the continent...
Desensitisation, in this regard, is the phenomenon where the same people in our Ghanaian society that were very much concerned about the impact and threat of the novel coronavirus on our health and livelihood at large, have developed a much weaker emotional response to current COVID-19 issues. This is...
Ghana was called the Gold Coast prior to independence because of its rich deposits of gold and other minerals. Till date those rich natural resources deposits in gold, bauxite and other minerals are present and in 2019, the World Bank reported that gold was included in Ghana’s top three...