Ghana is a party to major international trade agreements involving the EU, the US and the African continent. Ghana’s export statistics showed a general growth until COVID emerged, then it sloped downward briefly but picked up again in 2021. About a quarter of Ghana’s economy is supported by exports....
On January 30, the African Development Bank (AfDB) announced the approval of a dual-currency trade Finance Line of Credit for the ECOWAS Bank for Investment and Development (EBID). The three-and-a-half-year facility, which comprises of US$50million and €50million, and additional co-financing of US$30million from the People’s Bank of China (PBOC),...
As part of effort to strengthen working relationships and collaborative efforts among queen mothers, traditional leaders and stakeholders in the agribusiness community, Agrihouse Foundation, last week, held the 5th edition of its annual ‘Gathering of the Royals and Stakeholders Meeting’ in Accra.
This year’s event was on the theme: ‘Championing...
The relationship between free trade and poverty reduction is an inverse one. The higher the level of free trade, the higher the poverty reduction. Free trade has reduced global poverty by accelerating the quantity and quality of employment opportunities in developing countries by stimulating economic growth. Developing countries now...
The banking crisis that hit Silicon Valley Bank (SVB) last week has spread. We recall with a shudder two recent financial contagions: the 1997 Asian Financial Crisis, which led to a deep Asian recession, and the 2008 Great Recession, which led to a global downturn. The new banking crisis...
The recent COVID-19 pandemic and other global crises, including climate change and conflict, have arguably resulted in the reversal of decades of development progress worldwide.
This sudden and unexpected reversal has created a crisis for the 2030 Agenda for Sustainable Development and its associated goals, putting the entire project on...
There have been calls and plans to make Ghana the centre for Medical Tourism in West Africa. Recently Senior Presidential Advisor Yaw Osafo-Maafo charged the Korle-Bu Teaching Hospital to focus on developing some of its centres for medical tourism. He said the establishment of the National Radiotherapy Oncology and...