Liberal democracy and capitalism are a combination that should be preserved, argues Financial Times columnist Martin Wolf – but why does his book ignore Africa? Martin Wolf is rightly considered one of Britain’s most accomplished economic commentators. He is the chief economic commentator on London’s Financial Times – where his regular columns, displaying a perceptive and rigorous […]
World trade hit a record $32 trillion in 2022, but growth turned negative in the last half of the year. Environmentally friendly products defied the trend. Geneva, Switzerland//- – Global trade was worth a record $32 trillion in 2022, but amid deteriorating economic conditions and rising uncertainties, growth turned negative in the last half of […]
The International Monetary Fund (IMF) support for Ghana will likely depend on the government’s ability to show a path towards bringing the present value of debt to 55% of Gross Domestic Product, international ratings agency, Fitch Ratings, has disclosed that.
Development experts have warned that persistent poverty and inequality are likely to undermine prosperity, peace and security in Africa unless governments embark on innovative and people-entered development models.
Addis Ababa, Ethiopia// — While the world was still fighting the COVID-19 pandemic, the war in Ukraine broke out in early 2022. The impact of the two shocks has been exacerbated by the higher frequency and intensity of natural disasters.
Addis Ababa, Ethiopia/ — Africa should deploy innovative resource mobilization and accelerate economic recovery from multiple crises which have eroded two decades of development gains and increased poverty, Ministers of Finance have urged.
A Chinese insurance company buys listed shares of a Swiss bank. A UK pension fund invests in US Treasury bonds. A multinational tech company holds shares of an investment fund in the Cayman Islands.
Accra, Ghana//-The Minority Leader, Dr Cassiel Ato Forson says President Nana Addo Dankwa Akufo-Addo is being misled with regard to the possibility of the government securing an IMF Board approval this month.
Ghana’s outstanding loans have to the International Monetary Fund (IMF) relatively remained unchanged at 1.278 billion Special Drawing Rights (SDR 1.278 billion) at the end of January 2023, equivalent to $1.708 billion.
After witnessing record gains in wealth, ultra-high net worth individuals (UHNWIs) lost a combined $10 trillion last year.
