With misfortunes of the early 2020s finding their way into 2023, it is not uncommon for people to predict continued economic hardship in the new year of 2024. Two weeks into the new year and the Gaza Strip war has already escalated to epic proportions. Thus, it is not strange to expect doom on the […] The post Trade expert predicts
Fiscal space, in its simplest form, is the capacity of governments to adjust their revenue and expenditure policies to overcome economic shocks and foster growth. It is a precarious balance between short-term responsiveness and long-term prudence. It is essential to realise that fiscal space is not an abstract concept. It is tangible and can be created through […] The post
Consumer inflation eased further in December 2023 – closing at 23.2 percent, down from November’s 26.4 percent per data from the Ghana Statistical Service (GSS). This 3.2 percentage point decline aligns with forecasts, providing relief from the previously higher and persistent inflation. Cumulatively, inflation dropped 30.4 percent during 2023 while average inflation was 39.91 percent. […] The post
The National Chairman of the National Democratic Congress (NDC), Johnson Asiedu Nketiah, has offered a piece of advice to Ministers of the governing New Patriotic Party (NPP), suggesting that they should initiate the process of compiling their handing-over notes in preparation for their imminent departure from office. During a press briefing held on January 8, […] The post Start
Arsenal missed out on the chance to regain top spot in the Premier League after suffering a surprise 2-0 home defeat against West Ham on Thursday. Tomáš Souček’s first-half goal gave the visitor the lead against the run of play, before Arsenal’s misery was compounded by former defender Konstantinos Mavropanos, who rose highest from a […] The post Arsenal’s
President Nana Addo Dankwa Akufo-Addo has declared that after three years of economic turmoil, Ghana is finally turning the corner. In a Christmas message to Ghanaians, the President conveyed his satisfaction that the country has successfully navigated the difficulties faced not only by Ghana but by the entire world. He highlighted positive indicators of economic […] The post After
The former president of Ghana and the flag bearer of the National Democratic Congress (NDC), Mr. John Dramani Mahama, recently announced his intention to run a 24-hour economy if elected president. This proposal has generated a lot of economic and political discourse on electronic and print media in Ghana and beyond on its realism and […] The post A 24-hour economy:
In September 2023, Ghana’s government launched a US$550billion Energy Transition and Investment roadmap toward achieving net-zero carbon emissions. The plan has capacity to create an estimated 400,000 jobs by 2060, according to details of its plan – which was developed by government and SEforALL. The plan was launched by President Nana Akufo-Addo during a Global […] The post Energy
Holders Manchester City will play Copenhagen in the last 16 of the Champions League, while Arsenal face Porto. Copenhagen, who finished above Manchester United in their group, reached the knockout stage for the first time since 2011. The first legs take place on 13-14 or 20-21 February and the second on 5-6 or 12-13 March. […] The post UCL last-16
An economist and financial analyst at the University of Ghana, Dr. Patrick Asuming, has urged the government to, as a matter of urgency, focus on building the economy more sustainably and not be fascinated by transient positive indicators. This follows the Finance Minister, Ken Ofori-Atta’s attribution of the consistent decline in inflation to the government’s […] The post Current
President Nana Akufo-Addo of Ghana, through the Minister of Youth and Sports, Mustapha Ussif, has upheld his commitment by delivering the pledged One Million Ghana Cedis to support Medeama SC in the CAF Champions League. Representing the President, Sports Minister Mustapha Ussif handed over the funds to George Mireku Duker, the Member of Parliament for […] The post President
Ferran Torres Ferran Torres says people want to “destroy” Barcelona after the Spanish champions suffered a fourth defeat in nine games, losing 3-2 against Antwerp in the Champions League Read More... The post ‘People Want To Destroy Us’ appeared first on DailyGuide
Sports Minister (2nd R) presenting the cheque to officials of Medeama President Nana Akufo-Addo has fulfilled his pledge to award GH¢1 million to Medeama SC for their historic victory Read More... The post Nana Fulfils Medeama Pledge appeared first on DailyGuide
The Minister for Lands and Natural Resources, Samuel Abdulai Jinapor, has once again defended the controversial mining lease agreement between Ghana and Barari DV for lithium exploration in Ewoyaa, Central Region. Addressing concerns from Civil Society Organizations (CSOs) and stakeholders about perceived unfavourable terms, Jinapor assured that the agreement prioritizes value addition to Ghana’s green […] The post Jinapor
Oxford Business Group (OBG) and Koranteng & Koranteng Legal Advisors have formalised a strategic collaboration aimed at unveiling a comprehensive insight into Ghana’s legal framework in The Report: Ghana 2024. This partnership signifies a concerted effort to provide investors, policy-makers and businesses with essential insights into Ghana’s evolving legal landscape. Ghana faced economic challenges in […] The post
The National Democratic Congress (NDC) has urged the government to urgently review the laws and policies on mining in the country, especially regarding green minerals. This call comes in the wake of the government’s lithium lease agreement with Barari DV, which has faced significant criticism from the public. Green minerals are crucial for the development […] The post Lithium
Given the state of governance in our country and the long-held conviction that the country has not had enough benefits from mining, it is understandable that there is suspicion about a significant transaction such as the grant of a lithium mining lease to a subsidiary of an Australian-listed mining company whose significant U.S. shareholder will […] The post Controversies
Introduction In accordance with Article 179 of the 1992 Constitution and section 21 of the Public Financial Management Act, 2016 (Act 921), the Minister for Finance presented the budget statement on behalf of the President on Wednesday, 15th November 2023. The 2024 budget is critical for the country as it tries to navigate the desire […] The post The 2024 budget and
Despite recent progress on restructuring the country’s debt, short-term interest rates exceeding 30 percent are undermining the savings achieved according to Leslie Dwight Mensah, an economist at the Institute for Fiscal Studies (IFS). With domestic markets as the sole financing source, he said, government remains vulnerable. “If stronger fiscal consolidation isn’t achieved, including on the […] The post
My favourite definition of economics is that by Lionel Robbins. According to Robbins, economics is “a science that studies human behaviour as a relationship between ends and scarce means that have alternative uses”. Microeconomics on the other hand relates to the study of choices made by individuals and households (consumers) or firms (producers) with respect […] The post Economics
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