Introduction
Since the outbreak of COVID-19 in Ghana in March 2020, economic policymaking has been dominated by measures to address the many impacts of the pandemic. In particular, fiscal policy has been deployed on a massive scale to shore up the public health response to COVID-19 and also lessen...
A new COVID-19 Business Tracker Survey conducted by the Ghana Statistical Service (GSS), in collaboration with the United Nations Development Programme (UNDP) and the World Bank, demonstrates the considerable impacts on Ghanaian businesses as a result of the pandemic outbreak.
It forced many firms to cut costs by reducing staff...
Finance Minister Ken Ofori Atta is optimistic that the projected tax-to-GDP of 20 percent from the current 13 percent will materialise if government increases revenue mobilisation and harnesses a digitalised economy.
This, the minister said, when attained will enable government to raise funds to support the recently announced GH¢100billion Ghana...
Government’s GH¢100 billion COVID-19 Alleviation and Revitalisation Enterprises Support (CARES) programme aimed at stimulating large industries to enhance job creation and foster economic revival must be properly managed or risk further shooting up the debt stock, global auditing giant Deloitte has said.
The country’s public debt stock has increased to...
Standard Chartered Bank Ghana Limited, has held its 2019 Annual General Meeting (AGM) on the backdrop of being awarded Africa’s Best Bank for Transformation at the prestigious Euromoney Awards for Excellence 2020 that recognized the top financial institutions in banking and capital markets globally.
At the AGM to present the...
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...
The National Board for Small Scale Industries (NBSSI) and Mastercard Foundation have initiated a programme dubbed Young Africa Works to create some 39,000 jobs for the youth through entrepreneurship.
The three-year programme is an entrepreneurship development and employment programme targeted at young people, particularly young women, in Ghana. The project...
The Trades Union Congress (TUC) has issued its preliminary comment on the mid-year budget review and says the measures announced by the Minister for Finance in the mid-year budget review have come at the right time.
“TUC fully supports these initiatives and is ready to work with government and all...
The Institute of Economic Affairs (IEA), a think-tank, has described the nation’s four-year growth rate projection of 5.4 percent as low, and below its potential compared to the various policies outlined in the budget to resuscitate the economy from the impact of COVID-19.
According to the Director of Research at...
For every five Ghanaians, two of them are identified as multidimensionally poor - meaning more than 45 percent of the country’s population are affected by multiple types of poverty, a Ghana Statistical Service (GSS) report has revealed.
Multidimensional poverty considers the many overlapping deprivations that poor people experience. The Multidimensional...