The Ghana Investment Promotion Centre (GIPC) has established a database to register lands so that investors will be able to have easy access to land and increase Foreign Direct Investment (FDI) inflows into the country. Known as land bank, the GIPC will manage the database which will contain information on lands that are available for … Read more
The UK trade deficit widened to £5.2bn in September from £3.8bn in August, the Office for National Statistics (ONS) said. Exports decreased by £0.2bn, while imports increased by £1.2bn. The widening between imports and exports was in part driven by a record £8.7bn deficit with the European Union. Although the pound fell sharply after the … Read more
President Muhammadu Buhari said, yesterday, that he almost left the country when he discovered that the nation’s treasury was empty as he assumed office. The President, who spoke during a presidential parley and presentation of report on poverty reduction by Course 38 of National Institute for Policy and Strategic Studies, NIPSS, Kuru, Plateau State, at … Read more
Artisanal and small-scale mining offers opportunities to generate jobs, reduce poverty, and provide livelihoods, but this sector has been largely ignored by policy-makers and donors, an UNCTAD official said. In addition, poor management of this sector contributes to serious health and environmental risks, said Yanchun Zhang from UNCTAD’s Special Unit on Commodities. “Artisanal gold mining, … Read more
It’s a political season, so we’re hearing a lot of the usual crap about the economy. Should we raise taxes or lower them? Negotiate trade agreements or abandon them? These are important questions, but they are not the central economic issue that we face today. Productivity is. Many people keep asking me to state clearly … Read more
The Spiritan University College in Ejisu, has held its seventh graduation ceremony with a call to the graduating students to use their acquired skills and knowledge to make positive change in the society. The Rector, the Reverend Father Anthony Anomah, said they needed to be resourceful and innovative, to create jobs for themselves and others. … Read more
The theoretical basis for any effective employment program rest on the idea of a perfect integration between an economy’s competitive drivers, the skill requirement to sustain those drivers and how all that situates within a broader context of global competition. In Ghana, a significant portion of the country’s economic output (GDP) is produced the by … Read more
In any civilized polity such as ours, politicians typically pledge to deliver certain ‘goods’ if they are voted into office and when the electorates believe in a candidate’s vision and trust her, they give her the nod. The goods could range from coffee, infrastructure such as schools and hospitals, to issues like the protection of … Read more
Kenya will shrug off the slump in growth on the continent to be among the best performing economies in Sub Saharan Africa. The continent is set to slow to its lowest level in more than 20 years. The latest Regional Economic Outlook report by the International Monetary Fund (IMF) says Kenya will be among 22 … Read more
As the contention between some bankers and the Finance Minister continue over the issuance of local dollar denominated bond, Economist, Dr. Eric Osei-Assibey has warned that issuing such bonds must be measured. Criticizing the Finance Minister, the Managing Director of Stanbic Bank, Alhassan Andani cautioned that the move could lure Ghanaians to convert their local … Read more
Policy arguments about what drives economic growth have traditionally focused on capital, infrastructure and innovation, inter alia. There is no question the crucial role that such fundamentals play in building a competitive private sector. What seem to be missing from the policy discourse however, is the large size of the informal sector and what it … Read more
Policy arguments about what drives economic growth have traditionally focused on capital, infrastructure and innovation, inter alia. There is no question the crucial role that such fundamentals play in building a competitive private sector. What seem to be missing from the policy discourse however, is the large size of the informal sector and what it … Read more
The left is undertaking an amazing back door plan to dramatically increase its influence over the Fed’s interest-rate-setting Open Market Committee. The key activist group, a division of the Center for Popular Democracy, is working to kick the bankers off the boards of directors of the district Federal Reserve banks. Those boards choose the presidents … Read more
Whereas government has given indication it will do more of the domestic dollar-bonds, on the back of the maiden one’s success, some analysts fear it could weaken the cedi and deepen dollarisation of the economy. In its weekly currency updates, South Africa’s RMB Global Markets Research said: “We are wary of this move – it … Read more
As the Finance Minister prepares to present a first quarter 2017 budget to parliament on Thursday, Economist Dr. Ebo Turkson has urged the government to clearly demonstrate how it intends to finance unbudgeted expenditure that have been rolled out few months to the general elections. Government recently announced that it has scrapped allowances for trainee … Read more
Whereas the government has given the indication it will do more of the domestic dollar-bonds, on the back of the maiden one’s success, some analysts fear it could weaken the cedi and deepen dollarisation of the economy. In its weekly currency updates, South Africa’s RMB Global Markets Research said: “We are wary of this move … Read more
Chief Executive Officer of the Institute of Certified Economists of Ghana (ICEG), Daniel Amateye Anim-Prempeh, has joined the call for government to pay attention to the agriculture sector, saying too much focus on oil could make the country catch the proverbial ‘Dutch Disease.’ Since the onset of oil production in 2010, there has been undue … Read more
Not too long ago, we profiled two major scientific publications on Nkrumahism by the eminent economist, mathematician, philosopher, historian, logician, management scientist, financial and policy analyst, and statistician Dr. Kofi Kissi Dompere. We gave our readers the following information: Since then, we have been engaged with Dr. Dompere on how to make the contents of … Read more
Attempts by the central bank to hem in inflation continue to yield less than satisfactory results, as a 0.3percent rise in September appears to confirm the Statistical Service’s suspicion that traders could be hiking prices ahead of the twin events of the December 7 polls and Christmas. Government Statistician, Philomena Nyarko, announced yesterday that year-on-year … Read more
Nana Akufo-Addo’s claim about Ghana’s GDP growth rate was found to be half true while his claim about the unemployment of hygiene workers was found to be entirely true. He was speaking at the New Patriotic Party’s manifesto launch in Accra on October 09, 2016. Below are the specific claims he made, the fact-checking verdicts … Read more