By Patrick BOLTON & Haizhou HUANG
About two years ago, in the aftermath of the COVID-19 pandemic, China’s economy hit a roadblock. As all sectors underwent deleveraging, economic growth slowed, household savings rates increased, and businesses scaled back their investments and accumulated savings.
Many now wonder whether consumers and companies are...
By Juliet Aguiar DUGBARTEY, Takoradi
The 3rd Western Regional Oil and Gas Excellence Awards Dinner has been held in Takoradi.
The awards, implemented by the Western Regional Co-ordinating Council in partnership with Top Brass Ghana, honoured deserving Oil and Gas industry operators with the hope of motivating them to strive for...
A surprise uptick that saw inflation reach 21.5 percent in September has seen the Bank of Ghana (BoG) revise its year-end inflation target to 18 percent, citing upside risks including some geopolitical developments.
Governor Ernest Addison announced the adjustment during a joint press briefing with the International Monetary Fund (IMF)...
Recovery efforts for the economy have been cemented, with the country reaching a staff-level agreement (SLA) with the International Monetary Fund (IMF) as part of its Extended Credit Facility (ECF) programme’s third review.
Announced on October 4, this year (2024), the agreement is expected to unlock US$360million in financing -...
A major breakthrough has been achieved with the successful restructuring of a US$13billion Eurobond debt, Finance Minister Dr. Mohammed Amin Adam has announced.
Emphasising the importance of this achievement, Dr. Adam stated: “We are poised to turn the page on our restructuring journey and embark on a new chapter of...
By Prince Dennis KLINTINGS, ([email protected])
Let’s review and reengineer our Tourism Development Strategy to reposition for double digit rapid tourism growth, use it to diversify, expand & restructure socio-economic frontier to achieve Ghana’s transformation as Int’l Tourism Hub ambition
TOURISM is an outstanding multi-million dollar competitive and holistic universal cash-cow...
By Joseph E. STIGLITZ, Kevin P. GALLAGHER, Martín GUZMÁN& Marilou UY
A group of 22 financially distressed countries, including Pakistan and Ukraine, has become the largest source of net revenue to the International Monetary Fund in recent years, with payments exceeding the Fund’s operating costs.
The institution entrusted with providing the...
Over the years, Ghana has sought financial assistance from the International Monetary Fund (IMF) during periods of economic instability. Ghana’s relationship with the IMF dates to the 1980s, when the country implemented its first Structural Adjustment Program (SAP). Since then, Ghana has engaged with the IMF multiple times, including...
For the economy to have a speedy and steady recovery from the pandemic’s impact, there is a need for government to use innovative means to generate more domestic revenue in order to close the gaping fiscal gap that has stemmed from rising expenditure, a report by the research department...
The COVID-19 pandemic, one of the world’s most significant events in recent memory, has resulted in the cessation of economic activities for many African countries. Many economic analysts have predicted that the pandemic will lead to a significant decline in GDP, unparalleled social disruption, and the loss of millions...