November 10, 2017//-FocusEconomics, a leading provider of economic analysis and forecasts for 127 countries in Africa, Asia, Europe and the Americas, says more comprehensive data reveals that the Sub-Saharan Africa (SSA) economy’s recovery accelerated in the second quarter, albeit at a slightly slower pace than estimated last month.
Category: Economy
African Cities Must Adopt Holistic Approach to Tourism Growth
Durban, South Africa, November 9, 2017, -/African Media Agency(AMA)/ – Tourism is a catalyst for economic growth in Africa – a key theme during the UN World Cities Day celebrated today around the world.
China Urged to Show Leadership as World’s Largest Importer of Tropical Timber
London, UK, November 8, 2017 – As UN climate negotiations open in Bonn this week, international NGO Global Witness has urged China to show leadership in addressing the mounting crisis faced by the world’s tropical forests.
Budget Review: AGRICULTURE — Can the ‘Marshall Plan’ Do Some Magic?
November 7, 2017//-As the country awaits the presentation of the 2018 budget soon, we take a look at the three main critical sectors of the economy—Agriculture, Industry, and Services—to see how they are faring and the various happenings in these sectors and also consider some of the policies in place by government to spur growth […]
Budget Review: INDUSTRY– Can the 10-point Pillars Save Ailing Industrial Sector?
Accra, November 7, 2017//-The growth of industry is critical to every economy. In fact, all developed economies have industry as their main driver of growth, providing employment to large numbers of people. Industry adds value to a country’s raw materials, thereby raking in more revenue to government than any other sector.
Ghana: Draft Report on 70% Contracts for locals Ready
Accra, November7, 2017//A draft report that will see 70 percent of government of Ghana-funded projects go to local contractors has been completed, and is expected to be submitted to Cabinet and Parliament for approval soon.
Rice Imports Hit US$1.2Bn
Accra, November 7, 2017//-The nation’s value of rice imports reached US$1.2billion in 2015, an 800 percent increase from US$152million in 2007, the Minister of Agriculture Dr. Owusu Afriyie Akoto has said.
Sluggish Food Price Increase May Push Sept Inflation Down To 15.91%
November 7, 2017//-Analysts at the FSDH Merchant Bank Limited have projected that the year-on-year inflation rate will drop marginally to 15.91 per cent in October 2017, from the 15.98 per cent reported in September 2017.
Saudi Billionaire Alwaleed’s Arrest Rattle Investors
Investors are reacting badly to the arrest of Saudi billionaire Prince Alwaleed bin Talal, one of the world’s wealthiest men. Shares of Kingdom Holding, Prince Alwaleed’s investment vehicle, sank for a second day after the chairman was targeted in an anti-corruption sweep. The billionaire was one of 11 princes arrested by a new anti-corruption body […]
ANALYSIS: For All The Billions, SAA Bailout Money Not Enough to Buy Emirates
November 6, 2017//-For frustrated South African taxpayers, the country’s struggling and poorly managed national airline seems a bottomless pit. Markus Korhonen calculated the hypothetical price tag of a more profitable airline.