Category: Investing

The Japanese government says it is exploring various areas of co-operation to support of Ghana’s post-COVID-19 economic recovery and African Continental Free Trade Area (AfCFTA) preparedness.

Getty Images Jonathan Munemo, Salisbury University The global economic crisis triggered by the outbreak of the COVID pandemic in 2020 and Russia’s invasion of Ukraine in February this year has intensified the risk of declining trade integration between countries. A process referred to as the deglobalisation of trade.

Washington DC, US//—The World Bank Group has announced that over the coming weeks it will be discussing with its Governors and Board of Executive Directors a 15-month crisis response financing package of around $170 billion to help countries address multiple overlapping crises.

The IMF report is both right and wrong on cryptocurrencies. Bitcoin and crypto are indeed shaking-up the current world order; but doing so for the better, affirms the CEO of one of the world’s largest independent financial advisory, asset management and fintech organisations.

Accra, Ghana//-Provisional estimates by the Ghana Statistical Service indicated that Ghana’s economy expanded by 5.4% in 2021, far higher than the 0.4% recorded in the year 2020.

The U.S. Federal Reserve is likely to fail on inflation again by hitting the brakes too hard at its meeting next month and this could send the world’s largest economy into recession, which would have global implications.

Economic growth is affected by military expenditure. Chimere Iheonu, University of Nigeria In a number of African countries, terrorism has become a major challenge to socioeconomic development. This has spurred research on the extent to which terrorism affects economic growth.

Governments succeeded in lessening the economic pain of the pandemic by providing plenty of liquidity to stricken consumers and businesses through credit guarantees, concessional lending and moratoriums on interest payments.

The Government of Ghana has passed the Electronic Transfer Levy (E-Levy) Act, which imposes a levy of 1.50% on electronic transfers at the time of transfer. This initiative by the Government is meant to broaden the tax base in the country and generate revenue.

Washington DC, US//—As the Sub-Saharan African economy struggles to recover from the 2020 recession induced by the COVID-19 (coronavirus) pandemic, the region now faces new economic growth challenges, compounded by the Russian invasion of Ukraine.