Category: Investing

The global government debt-to-gross domestic product ratio rose in Q1 after consistent dips in 2023. According to Stocklytics.com, the debt-to-GDP ratio is 333%, with advanced markets, the U.S., and Japan being the most significant contributors. 

China unveiled a comprehensive plan in early August 2024 to boost household consumption, highlighting the consumer industry’s crucial role in economic recovery.

Stockholm, Sweden// — On 12–14 August 2024, Minister for Foreign Affairs Tobias Billström and other Nordic foreign ministers are travelling to Nigeria and Ghana within the framework of Sweden’s Presidency of the Nordic Council of Ministers (N5) – the informal foreign and security cooperation format between the Nordic countries.

A first-of-its-kind A few days ago, the government of Ghana launched at a lavish ceremony a facility that it called, “Ghana’s first commercial gold refinery”. At the event, the country’s leaders described the moment as destiny-changing; centuries of exporting raw gold was finally at an end.

Many countries are being squeezed by increasing interest payments and high debt redemptions. The economic scarring of the pandemic conflicts worldwide, and the abrupt rise in global interest rates have hit low-income countries the hardest.

Johannesburg, South Africa//-Earlier this year African heads of state, gathered for the annual African Union summit and approved the new Protocol on Digital Trade (the “Digital Protocol”) under the auspices of the African Continental Free Trade Area (AfCFTA).

Zürich and Oxford: The Jacobs Foundation has joined the What Works Hub for Global Education as a ‘Strategic Partner’ to embed grounded evidence and field research in government strategies to successfully deliver education reforms globally.

Accra, Ghana//-A Deputy Finance Minister, Dr Stephen Amoah has called for a non-partisan approach to taxation amid Ghana’s lower 14.1 per cent tax-to-GDP ratio which is lower than its structural peers in Sub-Saharan Africa (SSA) including Senegal, Cote D’Ivoire, and Cameroon.

The decline in post-pandemic logistics funding continues.1 After reaching an unprecedented $25.6 billion in 2021, venture funding for logistics start-ups fell to just $2.9 billion in 2023—a two-year plunge of nearly 90 per cent and the lowest level of funding since 2015.

Every year in Western and Central Africa, 6 million young people enter the labour force, while only about half a million new jobs are created.  This enormous jobs deficit means that most entrants into the workforce work in the informal sector, with insecure income, low-quality employment, and very little hope of escaping poverty.