Accra, Ghana//-Inflation went up marginally in January 2024 to 23.5% as it resumed the upward trajectory, data from the Ghana Statistical Service has revealed.
Category: Investing
JPMorgan Fined Nearly $40 Billion for Two-decade Legal Oversights
Over the years, United States banking giant JPMorgan Chase (NYSE: JPM) has been at the centre of major regulatory breaches affecting key elements of its operations, in return threatening the institution’s reputation and financial position. In this context, the situation has led to the bank incurring substantial fines from various regulators.
Ghana: Taxes Have Become More of a Punishment to Businesses
Accra, Ghana//-The Chief Executive of the Ghana Chamber of Commerce and Industry, Mark Badu-Aboagye, has expressed serious concerns about the escalating burden of both direct and indirect taxes on businesses in the country.
Italy Announces $6 Billion Plan to Strengthen Partnership with Africa at Italy-Africa Summit
Rome, Italy, January 31, 2024/ — The government of Italy unveiled a nearly $6 billion plan to support African development at a one-day Italy-Africa plan in Rome on Monday. African Development Bank Group President Dr Akinwumi Adesina (www.AfDB.org) joined 25 African leaders and European Union officials at the summit.
Ghana: Transforming a Crisis into a Journey Toward Prosperity
Ghana is making important inroads to stabilize its economy, and continued program implementation beckons a brighter future When Ghana requested an IMF-supported program in July 2022, the country was dealing with an economic and financial crisis that was the outcome of preexisting vulnerabilities and substantial external shocks. The authorities have since made compelling progress under […]
UNCTAD Raises Alarms on Escalating Disruptions to Global Trade Due to Geopolitical Tensions, Climate Change
Geneva, Switzerland// – The United Nations Conference on Trade and Development (UNCTAD) has expressed profound concerns over the escalating disruptions in global trade, particularly stemming geopolitical tensions affecting shipping in the Black Sea, recent attacks on shipping in the Red Sea affecting the Suez Canal and the impact of climate change on the Panama Canal. […]
How to Ease Rising External Debt-Service Pressures in Low-Income Countries
As 2024 starts, the good news is that there haven’t been any notable requests by a low-income country for comprehensive debt relief since Ghana, more than a year ago. Despite this, vulnerabilities remain, with high debt servicing costs a growing challenge for low-income countries.
Why Investors Should Be Considering Emerging Markets Now
While the timing of the Federal Reserve’s highly anticipated pivot on rates remains uncertain, astute investors should already be considering redirecting their attention towards emerging markets, says a leading international financial CEO and analyst.
World Bank to Provide $300M to Ghana to Strengthen Macroeconomic Stability and Support Resilient Economic Growth
Washington DC, USA// – The World Bank approved a $300 million Development Policy Operation for Ghana today.
Board Directors at Leading Firms Increasingly Reliant on Outsourcing Despite Key Concerns
Board directors at leading firms are increasingly reliant on outsourcing key services and the trend is set to accelerate over the next three years, new research* from Ocorian, a market leader in regulation and compliance services for funds, corporates, capital markets and private clients.