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
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
As nations, businesses, communities and stakeholders grapple with devastating effects of wildfires, unprecedented heat-waves, high flooding levels and other unusual climate impact effects, there is, and has been, concerted effort by private and public interest groups and regulators to adopt sustainable and conservative practices to preserve our environment from further degradation – particularly through ESG […] The post
Google will pay out $700m (£550m) and allow more competition on its Play Store after it was accused of using illegal restrictions and overcharging consumers when they buy items in apps. It forms part of an antitrust settlement in the US, ahead of a legal battle with Fortnite maker Epic Games, which accused Google of […] The post Google to pay
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:
Dr. Kodjo E. Mensa-Abrampa National Development Planning Commission (NDPC) has announced the review of the long-term development plan of the country, also known as Agenda 2057. The review of Read More... The post NDPC Launch Development Plan Review Process appeared
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
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
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
Senior Program Officer for Africa at the Natural Resource Governance Institute (NRGI), Dennis Gyeyir, has suggested that Ghana should not overly fixate on gas for power generation amid the country’s energy transition towards achieving Net Zero emissions. Following Ghana’s decision on energy transition, some key players in the energy sector have responded to this transition. […] The post Ghana
Vice President Mahamudu Bawumia with officials of the two organisations AMERICAN RESOURCES Corporation’s cutting-edge subsidiary, ReElement Technologies Corporation, has joined forces with TECHGULF Ghana Limited, a prominent technology firm, Read More... The post ReElement
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
The Institute of Statistical, Social and Economic Research (ISSER) has called for a dialogue between Mobile Money (MoMo) stakeholders to address the current impasse and arrive at fair and sustainable compensation for MoMo agents. ISSER emphasises the critical role of MoMo agents in driving financial inclusion in the country, and urges all parties to consider […] The post
Former Trade Minister and one of the leading contenders for the flagbearership of the New Patriotic Party (NPP), Alan Kyerematen, has acknowledged the delegates of the Special Electoral College for selecting him as one of the presidential aspirants to contest the November 4th elections. In a press statement released on Sunday, August 27, 2023, Alan […]
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