Commercial banks could not escape the devastating impact of the COVID-19 pandemic, as their profitability growth was slashed by more than half, the Banking Sector Report (MAY, 2020) indicates.
However, rural banks are fortunate to be on the other side - recording a surge in deposits. Board Chairman for Okomfo...
The role of the Ghana Incentive-Based Risk-Sharing System for Agricultural Lending (GIRSAL) is to help accelerate financing and interconnectedness of the agricultural sector to ensure that it is functioning at optimal levels across its key components.
GIRSAL is also guided by the country’s food and Agriculture Sector Development Policy (FASDEP)...
British Prime Minister Boris Johnson’s decision to merge the United Kingdom’s Department for International Development (DfID) with the Foreign and Commonwealth Office is a deliberate slap in the face to developing countries. Worse, it comes just when African countries are crying out for international support to fight COVID-19 and...
Oil producing nations with a high average fiscal break-even, but also oil traders have been caught off guard by the plunge in oil prices this Spring.
Oil nations are forced to diversify faster or face the consequences.
The world’s largest oil trader has seen its first-quarter net profit...
Retrogressive teams are usually characterized by a lack in MOI, which is an acronym for Motivation, Organization and Information.
A lack of energy and drive can be detrimental to teams right after formation, considering that motivation is spawned in stages, team leaders should invest time and effort into keeping energy...
Across Africa the news that a former colonial power, the UK, is to take a more strategic, political, hard-nosed approach to the way it spends its overseas aid budget, has been greeted with a mixture of frustration and cynicism.
In announcing a merger between the Foreign Office (FCO) and the...
It is an undeniable fact that the current COVID-19 pandemic has produced retrogressive effects on all spheres of economic endeavors. Like the celebrated American Judge Benjamin Cardozo stated “danger invites rescue”. The cry of distress is the summons to relief and a burden has been placed on all policymakers...
When COVID-19 broke out in Africa, two non-African billionaires were among the first to donate masks, PPE’s, and other resources to support the fight against the pandemic across the African continent. Whilst their generosity and magnanimous actions were celebrated by African leaders, the same left us reflecting on the...
As African oil and gas countries struggle with Covid-19’s devastating impact on demand, two international groups seem to be celebrating it.
Earlier this month, the Organisation for Economic Co-operation and Development (OECD) and the International Energy Agency (IEA) described the low oil prices caused by the pandemic as a “golden opportunity”...