New figures from the Bank of Ghana(BoG) has shown that the country’s total public debt as at May this year was GHS137.2 billion. By this, the debt-to-GDP ratio is now at 67.5%. Tis was contained in the economic and financial data released by the Central Bank at the end of its Monetary Policy Committee meeting. … Read more
The total public debt for the country as at May this year has reached ¢137 billion putting the debt-to-GDP ratio at 67.5%, a summary of economic and financial data released by the Bank of Ghana has revealed. This was at the end of the Central Bank’s Monetary Policy Committee meeting to review the health of economy over the … Read more
The International Monetary Fund (IMF) said the outlook for Pakistan’s economy was “favourable”, citing Chinese infrastructure investments among reasons for growth, but warned of risks to recent progress. Confidence in insurgency-hit Pakistan is growing, with the IMF saying last year that the country had emerged from crisis and stabilised its economy after completing a bailout … Read more
The US trade gap widened in April for the second straight month as Americans bought more imported consumer goods, the Commerce Department reported Friday. Despite falling oil imports and crude prices, the US trade deficit saw its biggest jump in three months, increasing 5.2 percent or $2.3 billion compared to March to $46.7 billion, with … Read more
A brewing diplomatic crisis between the United States and Germany has its roots in President Donald Trump’s frequent criticism of the large US trade deficit with the European economic powerhouse. Here are some key facts about the economic relationship between the two countries: The US trade deficit in goods and services with Germany in 2016 … Read more
Confidence in Pakistan is growing, but economists believe the country will need to register sustained growth of six to eight percent over several years to make a significant dent in poverty and provide enough jobs for its youth Pakistan’s economy expanded almost 5.3 percent in the last year, the country’s finance minister said Thursday, as … Read more
February saw the US trade gap fall to its lowest level in four months as Americans imported fewer goods while exports held steady, the Commerce Department reported Tuesday. In its biggest monthly drop since September, the trade gap fell 9.6 percent to a seasonally adjusted $43.6 billion on falling imports of cars, consumer goods, fuel … Read more
The Minister of Finance has set up a committee to address concerns associated with government’s new policy on placing a cap on the internally generated funds of some ministries, departments and agencies. Under the new policy, institutions such as the Universities and Psychiatric hospitals will not retain all their internally generated funds, a policy which … Read more
An improvised explosive device hit an army convoy on Thursday in the restive southwestern Pakistani province of Balochistan, killing three soldiers and wounding two others, the military said. A captain was among the three killed by the IED in Awaran district, the military said in a statement. Mineral-rich Balochistan has been plagued for decades by … Read more