Ghana’s policy rate is one of the highest globally and can not be justified, therefore the Bank of Ghana (BoG) has a duty to slash it drastically by at least 200 basis points, an economist and Director of Research at the Institue of Economic Affairs (IEA), Dr John Kwakye, has said. In his view, reducing […] The post Ghana’s policy rate is one of the highest
Zimbabwe, Africa’s largest tobacco producer, began its annual tobacco-selling season on Wednesday, with officials and farmers projecting a sharp decline in harvests and quality because of a drought blamed on climate change and worsened by the El Niño weather phenomenon. From a record harvest of 296 million kilograms (326,000 tons) last year, the country is […] The post Zimbabwe
The Resilience Against Climate Change (REACH) project recently held a significant ceremony in Wa, capital of the Upper West Regional, where conservation agriculture (CA) tools worth over GH¢650,000 were handed over to key partners. The event marked a crucial step in advancing sustainable agriculture practices in the region. The specialized CA tools, including no-till planters, […] The post
The World Bank Deputy Chief Economist, Ayhan Kose, has said the global economy has been remarkably resilient, especially in the last year. Growth last year, he said, surprised on the upside, thanks to the US economy, the strength of the US economy. But, he further noted, some large emerging markets like India, Indonesia, Brazil, Mexico, […] The post There is global economic resilience
There was almost no growth in terms of global trade last year, the World Bank Deputy Chief Economist, Ayhan Kose, has said. The situation remains fragile going into this year, he added. In June 2023, he highlighted an ongoing global growth slowdown as a major concern to the Bank. Asked for the latest analysis of […] The post Global trade remains fragile – World Bank Deputy Chief
A state of emergency has been declared in Papua New Guinea’s capital after at least 15 people were killed in rioting. More than 1,000 troops are on standby “to step in wherever necessary”, Prime Minister James Marape said on Thursday. Shops and cars were torched and supermarkets looted after police went on strike on Wednesday […] The post Papua
In a sobering analysis of government’s 2024 budget, WaterAid Ghana highlights a concerning 68% reduction in allocation for the Ministry of Sanitation and Water Resources (MSWR) compared to the previous year. The total budget for MSWR plummeted from GH¢1,847,454,545 in 2023 to a mere GH¢591,052,380 in 2024. This drastic reduction is primarily attributed to a […] The post
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