After months of intense debate on whether Ghana should seek support from the International Monetary Fund (IMF) following the mounting economic challenges arising from a decade of poor domestic revenue mobilization performance, with its attendant ballooning public debt stock, the President of the Republic has finally taken a decision.
Category: Investing
Global Trade Hits Record $7.7 Trillion in First Quarter of 2022
The value of global trade rose to a record $7.7 trillion in Q1 2022, an increase of about $1 trillion relative to Q1 2021, according to UNCTAD’s Global Trade Update published on 7 July.
Boris Johnson’s Departure Will Boost Pound
The pound will “finally stabilise” after a brief period of volatility when UK Prime Minister Boris Johnson leaves office, affirms the CEO and founder of one of the world’s largest independent financial advisory, asset management and fintech organisations.
Centre for Social Justice Launches 20-year Review of Ghana’s Debt Sustainability Report
Accra, Ghana//-The Centre for Social Justice (CSJ) will today launch a 20-year review of Ghana’s Debt profile titled ‘A 20-year Review of Ghana’s Debt: Trends, Drivers, and Implications’ in Accra via zoom.
Pound Nears Lowest Level Since Pandemic Amid More Chaos for Boris Johnson
The British pound fell against the U.S. dollar and the UK’s leading benchmark FTSE dropped amid more uncertainty coming from PM Boris Johnson’s administration.
AfCFTA Could Help Lift Up to 50 Million Africans from Extreme Poverty
Accra, Ghana and Washington DC, US//— The African Continental Free Trade Area (AfCFTA) has the potential to bring significant economic and social gains for the region, leading to higher incomes, lower poverty, and faster economic growth, according to a new World Bank report done in partnership with the AfCFTA Secretariat.
The African Union at 20: Some Reason to Cheer, But Lots of Work Ahead
Sudanese people march in Khartoum during one of many protests against the 2020 coup. More than 100 have been killed. EFE-EPAS/Stringer Chris Changwe Nshimbi, University of Pretoria The European Union (EU) has lived up to the primary reason it was created – ensuring that member states will not wage physical war against one another, but […]
World Bank Report: Ghana’s Youth Employment Challenge Requires Holistic Policy Environment
Accra, Ghana//-Ghana needs a holistic policy environment encompassing both labour supply and demand side interventions says a new World Bank Group Report.
World Bank Appoints Ghanaian As New Vice President for Eastern, Southern Africa
The World Bank has appointed Victoria Kwakwa, as the new World Bank Vice President for Eastern and Southern Africa, effective July 1st, 2022.
Golden Tulip Hotels in Ghana Rebrand to Lancaster Hotel After Gov’t Sold its 60% Shares
Accra, Ghana//-Golden Tulip Hotels in Accra and Kumasi have been rebranded to Lancaster Hotel, effective July 1st, 2022 after the Government of Ghana sold its 60% shares to some Lebanese investors.