Ghana's macroeconomic performance improved in 2017 after a difficult 2016. The country's economy expanded for the fifth successive quarter in September 2017; at a rate almost double that of 2016, according to a World Bank report released today.
The judgment delivered by The Special Chamber of the International Tribunal for the Law of the Sea (ITLOS) recently has triggered a rush by licensed Oil companies operating at Ghana's oil production blocks to settle their Annual Surface Rentals.
The cut of the country's policy rate from 21 to 20 percent by the Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has been lauded by a section of businessmen in the Central Business District of Accra. But quickly added that the hundred basis point cut will guarantee businesses growth only if it leads to a significant decline in the high bank lending rates.
In the past four weeks, we have all been regaled with stories of the Libyan slave trade. Sad as this is, we should ask ourselves as Africans, how did we get here? How did we create societies in which our young people see the need to take to the Atlantic Ocean, including those who cannot swim, instead of staying back home to help build their societies and decent lives for themselves?