Geneva, Switzerland//-African countries must diversify their exports to survive economic shocks from global crises such as the COVID-19 pandemic and the war in Ukraine, says the United Nations Conference on Trade and Development (UNCTAD).
Category: Investing
Franklin Cudjoe to Bawumia: Leave NDC Out of Your Reasons for Going to IMF
Accra, Ghana//-Founding President of the IMANI Centre for Policy and Education, Franklin Cudjoe has advised the Vice President, Dr Mahamudu Bawumia, to stop blaming the opposition National Democratic Congress (NDC) for the country’s economic difficulties.
IMF Bailout: Think Progress Ghana Urges Gov’t to Make Long-term Strategic Investments
Accra, Ghana//-Think Progress Ghana, a think tank, has urged government to focus on making long-term strategic investments that have potential of generating revenue to service debts that would be incurred from those investments.
Africa World Trade Network Moves to Boost Economic Growth
Accra, Ghana//-The Ministry of Trade and Industry in collaboration with stakeholders in the business community has launched the Africa World Trade Network (AWTN) in Accra under the theme, ‘Showcasing Africa’s Industrialisation Capacities’.
IMF: Ghana’s Fiscal and Debt Situation Severely Worsened Amid COVID-19
The International Monetary Fund (IMF) team led by Carlo Sdralevich that visited the country to assess the prevailing economic situation after government requested for support has concluded its evaluation exercise.
Survey: Majority of Ghanaians Not Confident That E-levy Will Fund Dev’t Programmes
Accra, Ghana//-Majority of Ghanaians do not trust that the government will use the revenues generated from the recently passed electronic transaction levy (e-levy) to fund development programmes in the country, a new Afrobarometer survey has revealed.
Over 70 Million Global Citizens Are Staring at Poverty
The Russia-Ukraine war has led to several serious repercussions, not least of which is the rising energy and food prices. That’s a problem affecting people across the income spectrum, but it hits those at the lower end particularly hard.
African Dev’t Bank Group Chief in Zim to Get Debt Clearance Plan Underway
Harare, Zimbabwe// — African Development Bank Group (https://www.AfDB.org) President Dr. Akinwumi Adesina arrived in Zimbabwe at the start of a two-day official visit to the country.
Ghana: Debt Sustainability Report Warns Gov’t Over Debt Accumulation
Accra, Ghana//-At the time that a crack team of IMF officials in Ghana at the request of the Akufo-Addo-led government for assessment leading to another bailout to enable the country access the international financial market, policy credibility and balance of payment support, an Accra-based Centre for Social Justice (CSJ) has raised red flags over the […]
Ghanaian Businessman Joins Calls for Finance Minister’s Sacking
Ghanaian businessman, Dr Kofi Amoah has joined calls for the Minister of Finance, Ken Ofori-Atta to be sacked following the economic challenges facing Ghana and the subsequent decision to go to the International Monetary Fund (IMF) for support.