The December 7 elections do not pose any major risks to Ghana’s economic rebalancing or its ability to implement the economic stabilisation and reform programme backed by the International Monetary Fund (IMF), a new report issued by Standard Bank Research has stated. The report, which is based on a review of Ghana’s economy said unlike … Read more
The National Patriotic Party (NPP) launched its 2016 manifesto in Accra, this Sunday and a team of fact-checkers subjected five claims made by the party’s Vice Presidential candidate, Dr Mahamud Bawumia to scrutiny. It was found that only one of them was entirely true. Two claims were found to be true but misleading, whiles one … Read more
The International Monetary Fund’s (IMF) director for Africa has indicated that the favourable economic growth for the country from next year will be based on sticking to some critical fiscal policies. Abebe Aemro Selassie noted that “provided that, inflation can be brought down, real interest rates can be lowered, then that should allow some recovery … Read more
Deputy Finance Minister, Ato Forson says NPP Vice-Presidential candidate Dr. Mahamudu Bawumia is too fixated on statistics that he failed to see the real life impact of President Mahama’s policies. He said the success of President Mahama’s government should be measured by the real life examples of progress. “….when a political party reduces the Ghanaian … Read more
Children are more than twice as likely as adults to live in extreme poverty, according to a new analysis from the World Bank Group and the United Nations International Children’s Fund (UNICEF). The report dubbed: “Ending Extreme Poverty: A Focus on Children,” which was made available to the Ghana News Agency by UNICEF finds that … Read more
The second quarter of 2016 has been a good time for foreign direct investments (FDI) in Ghana in comparison to the same time last year (Q2 of 2015). There have been percentage increases in all parameters used to measure FDI inflows. The most apparent of them is the over 400% increase in Total Initial Transfers … Read more
Barely two months after parliament passed the Bank of Ghana (BoG) Amendment Bill, the International Monetary Fund (IMF) has punched holes into the Act and is demanding fresh amendments to introduce a number of new provisions. It said the provision allowing central bank financing of up to five percent of previous years’ revenue, as well … Read more
The size of the Ghanaian economy (including oil) shrunk from US$38.5 billion recorded in 2014 to US$36.7 billion in 2015, a difference of $1.8billion, the Ghana Statistical Service (GSS) has disclosed. The GSS further stated that Ghana’s economy grew by 2.5 per cent during the second quarter of 2016 compared with 3.8 per cent registered … Read more
A groundbreaking social experiment will begin in Kenya in roughly one month. The charity GiveDirectly will begin giving people in 200 villages free sums of money, no strings attached. It’ll be the largest, most comprehensive test ever conducted of a radical form of wealth distribution known as “basic income” or “universal basic income.” Initially proposed … Read more
The book’s title is “The Theory of Philosophical Consciencism: Practice Foundations of Nkrumahism.”(ISBN: 978-1-909112-66-7) IN PRAISE OF DR. KOFI KISSI DOMPERE “The bulk of Professor Dompere’s research and publications lie within the highly technical field of ‘fuzzy system’s research… This degree on specialization is part of a complicated process that hopefully leads to further insights … Read more
“His [Dr. Kofi Kissi Dompere] publication list for this decision process begins with two 1982 papers, includes a 1989, and then encompasses a large body of papers and books published in the later 1900s and 2000s. So we are looking here at a case of a professor who has focused increasingly on academic production and … Read more
Head of Economic Division at the Institute of Statistical, Social and Economic Research (ISSER), Dr. Charles Ackah, has observed that until government turns its focus on agriculture and manufacturing, it will never achieve the kind of development the country needs. According to him, Ghana’s oil find cannot be the saviour of a buoyant economy, given … Read more
Moody’s Investors Service (“Moody’s”) has affirmed the Government of Ghana’s issuer and senior unsecured rating at B3 and changed the outlook to stable from negative. The key drivers of Friday September 23 rating action are: (1) Significant fiscal deficit reduction and institutional reform implementation over the past year under the umbrella of the 3-year IMF … Read more
An advisor to the Governor of the Bank of Ghana, Mr. Franklin Belnye has kicked against the placement of ban on some selected imported items as a measure of improving Ghana’s budget deficit. Government in recent times placed a ban on a number of items including the importation of cement to protect local producers and … Read more
Among the key issues in this year’s elections which has been brought to the front burner is the issue of unemployment. To the extent that we have an Unemployed Graduates Association in this country means the matter must be worrying and indeed one of the factors that some voters will consider in casting their votes. … Read more
Barely five months after a currency swap deal between Nigeria and China was enmeshed in controversy, the country’s import profile from the Far-East Asian nation has remained high and intermediated by the dollar. While government denied striking such deal, the earlier move was widely celebrated as a panacea to unending huge dollar demand and pressure … Read more
The opposition New Patriotic Party(NPP) borrowed 750 million dollars from the International Financial Market in 2007, and despite this huge amount borrowed, it failed to allocate 1 dollar of this amount to pay for the gang of four road project, Transport Minister Fiifi Kwetey has said at the governing National Democratic Congress’ Setting the Records … Read more
Efforts by Managers of Ghana’s economy to arrest inflation in the past four years have proved futile as prices of goods and services continue to soar in the country. The situation has impacted negatively on businesses as business owners also have to grapple with high cost of borrowing and high taxes. Business Finder’s analysis of … Read more
Reminiscing the time where children were begged to pursue formal education as a result of their distaste to corporal punishment that were carried on in the various schools and the long sit on classroom chairs. The various private and state owned enterprises chased after universities and colleges leavers to get their signatures to grace them … Read more
The Bank of Japan said Wednesday that it’s introducing a new long-term interest rate target of around zero. The bank has already gone to extreme lengths in its attempts to stimulate the country’s stagnating economy in recent years, gobbling huge amounts of Japanese government bonds and taking a key interest rate into negative territory. But … Read more