Deputy Finance Minister Dr. John Kumah has asserted that Ghana’s economy has successfully overcome recent challenges, positioning itself for sustainable growth to benefit Ghanaians. In a Facebook post dated January 19, Dr Kumah highlighted the unanimous approval of Ghana’s request for debt treatment under the G-20 Common Framework. This, he believes, forms the foundation for […] The post We’ve
In a speech delivered at the Timbuktoo: Unleashing Africa’s Startup Revolution event in Davos, Switzerland, President Nana Addo Dankwa Akufo-Addo highlighted the impressive recovery and resilience displayed by African Read More... The post Ghana
Ghana is on the brink of progress, and it’s time to embrace new ways of doing things. A 24-hour economy is not just a concept; it’s an opportunity to unlock Ghana’s full potential. It’s a commitment to expanding productivity and prosperity beyond daylight hours. Imagine a Ghana where businesses operate around the clock, creating more […] The post The vision
The Member of Parliament for the Akim Abuakwa South constituency, Samuel Atta Akyea, has criticized individuals who blame Vice President Dr. Mahamudu Bawumia for the country’s economic woes. He acknowledged that the economy is not in its best form, describing it as ‘unkind’ and ‘cruel’ for anyone to attribute economic issues in the Akufo-Addo government […] The post It’s
The government is urgently seeking to build on the momentum of its debt restructuring efforts, following the recent agreement with official creditors to restructure debts extended to the country up until December 2022. Having overcome this hurdle, Reuters reports that government officials will re-engage with its international bondholders from next week, seeking to continue discussions […] The post
The Member of Parliament for the Akim Abuakwa South constituency, Samuel Atta Akyea, has criticized individuals who blame Vice President Dr. Mahamudu Bawumia for the country’s economic woes. He acknowledged that the economy is not in its best form, describing it as ‘unkind’ and ‘cruel’ for anyone to attribute economic issues in the Akufo-Addo government […] The post It’s
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
The General Transport, Petroleum and Chemical Workers' Union (GTPCWU) of the Trades Union Congress has assured of the immediate reinstatement of two union executives who were interdicted by the Tema Oil Refinery (TOR) Board of Directors in connection with the controversial TOR-Torentco deal. The Board alleged that the Chairperson for the Junior Staff Association at […] The post Torentco
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
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
…as GPHA partners 1st Battalion of Infantry to train security staff Worldwide, maritime trade and cargoes are increasingly being targetted by organised criminal conspiracies and individuals involved in smuggling, cargo-theft and terrorism. This has made the safety and security of port property and workers even more crucial. Which is why the Ghana Ports and Harbours […] The post
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
Aggrieved customers of the now-defunct Gold Coast Fund Management Limited are expressing concern about the delay in the commencement of work by the parliamentary ad hoc committee tasked with investigating issues related to their frozen funds. The committee, established by Speaker of Parliament Alban Bagbin on December 6, 2023, with a 3-month timeframe for the […] The post Gold
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
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
Following the blueprint of many successful nations, the Government of Ghana looks to shore up the consumption of locally produced goods and services by restricting imports of selected 22 strategic items. This move is also intended to empower local industries, bolster the cedi’s performance, create employment, increase domestic revenue among other positive economic outcomes. A […] The post Right
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
The Society for Human Resource Management (SHRM) Forum, a branch of International Human Resources in Ghana, has organized a forum to educate and assist Human Resource Managers in Ghana in making early and strategic preparations for the upcoming new year. SHRM Forum is an umbrella organization of an international Human Resource Professional body based in […] The post Be
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