Long before globalisation became a modern buzzword, more than 200 years ago British economists Adam Smith and David Ricardo acknowledged the potential of free trade to transform poor countries into wealthy states.
In explaining the benefits of free trade, Smith eloquently used the metaphor of ‘The Invisible Hand’ in his...
Ghana, the Heart of Africa, has long been celebrated for its stable political environment and progressive democratic governance. The nation’s commitment to conducting regular, peaceful presidential elections stands as a beacon for other developing countries seeking to strengthen their democratic institutions.
In 2016, Ghana witnessed a notable presidential election that...
Late January, four African countries - South Africa, Eswatini, Angola and Eritrea - officially hosted Russian Foreign Minister Sergey Lavrov. He went visiting these African countries, as part of laying the groundwork and testing the pulse, ahead of the forthcoming second Russia-Africa summit set for late July in St....
South Africa’s much bigger-than-expected trade deficit in January wiped out 12 consecutive months of surpluses, as exports of major commodities and machinery fell sharply.
The trade balance in January swung to a 27.66 billion rand ($2 billion) deficit, far beyond market expectations of a 5 billon rand shortfall, from a...
The United States government has so far provided some US$19million to fight COVID-19, which is helping to mitigate the immediate and medium-term effects of the pandemic on health and basic education systems, the hard-hit private sector, and northern Ghana in particular.
In the health sector, the support includes clinical care...
At the end of their four-day deliberations, African leaders and participants have issued a joint statement relating to the future of economic diversification and industrialisation in Africa. The summit provided the opportunity to take stock of the progress made during the year on the drive toward industrialisation. It also...
The land is essential to our lives – we grow food on it and rely on it for economic growth and development. In sub-Saharan Africa, approximately 83% of people depend directly on the land for survival.
However, approximately two-thirds of the continent’s productive land is degraded – it has lost...
South Africa will allow most economic sectors including mining and manufacturing to fully resume operations from today as the country further eases coronavirus lockdown regulations, the government said last week Thursday.
Africa’s most industrialized economy has been largely shut since a nationwide lockdown began in late March. South Africa has...