THE Managing Director of the International Monetary Fund (IMF), Ms. Christine Lagarde today welcomed the announcement by nine countries to formally commit to higher standards of economic and financial statistical data by adhering to the institution’s Special Data Dissemination Standard (SDDS) Plus – the highest tier of the Fund’s Data Standards Initiatives.
GHANA’S insatiable quest for importing almost everything from China now knows no bound, such that academic gowns for the University of Ghana, Legon, are sourced from China.
THE immediate past Minister of Finance and Economic, Dr Kwabena Duffuor has injected dynamism into the fight against fiscal indiscipline in the country following the establishment of the Institute for Fiscal Studies (IFC).
GHANA’S Minister of Communications Dr Edward Omane Boamah has welcomed calls on the Auditor General (AG) Department to, within 30 days, recover all stolen public monies documented in its reports over the past eleven years.
GHANA’S economy, which grew by 6.7% of Gross Domestic Product (GDP) in the first quarter of the year, is facing debt sustainability challenges, as the Mahama-led government keeps on contracting more loans to undertake development projects in the country.
EFFORTS by the state to collect revenue to execute development projects seem to have suffered a major setback, following a well-rehearsed strategy by some clearing agents at the Tema Port to under-declare imported items.
MOODY’S Investors Service today downgraded the insurance financial strength rating (IFSR) of Old Mutual Life Assurance Company (South Africa) Limited, to Baa1 from A3 and the senior debt rating of Old Mutual Plc to Baa3 from Baa2.
EBOLA, terrorism and political upheaval – headlines from Africa over the past year seem a far cry from the inspiring “Africa rising” story, but many newly found investors are sticking with the plot.
GHANA has emerged 7th out of 38 countries in Africa, according to the latest 2014 Africa Prosperity Report by the UK based advisory and advocacy firm, Legatum Institute. The West African second largest economy dropped one position since the 2012 Africa Prosperity Report, which looks at measuring the growth and prosperity of economies across the […]
MOODY’S Investors Service (Moody’s) has downgraded South Africa’s investment grade credit ratings, the National Treasury said on Thursday.
