Business
Ghana To Return To 5.0% GDP Growth – WB
The World Bank (WB) is expecting an upward progression of Ghana’s Gross Domestic Product (GDP) to hit 5.0% by 2026. This follows a projected 2.9% marginal GDP growth for
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Business
BoG’s Cash Reserve Ratios hampering private sector credit – Analysts warn
Credit to the private sector by banks will continue to squeeze due to the Bank of Ghana’s high Credit Reserve Ratios (CRR). This is one of the key findings and conclusion of a research paper by banking consultant, Dr. Richmond Atuahene and data and research analyst, Isaac Kofi Agyei. The report titled ‘Thirsty Banks: Ghana’s […]
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Africa
Education and business: how Russia and Ghana can help each other grow
In the past few years, the whole world has faced changes – or one might even say structural shifts – in the economy, society, logistics and other areas. The new state of business relationships require completely different approaches and business decisions. Global challenges have forced different countries to implement projects and initiatives that would allow […]
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Business
Ghana’s economy expanded by 2.9% in 2023
Latest data from the Ghana Statistical Service indicates that the cumulative growth of the economy stood at 2.9 percent in 2023. This is a 0.9 percentage points drop from the 3.8 percent recorded in 2022 but higher than the government’s revised target of 1.5 percent for the period under review. The fourth quarter also expanded […]
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Business
Inflation and GDP growth…appreciating the dynamics
By Ebenezer Ashley (PhD). The concept of inflation has attracted diverse theories from different economists across the globe. Economists with varied forms of theories on inflation are grouped into two. These include structuralists and monetarists (Nitisha, n.d.). Structural economists assert, inflation is the end-product of the imbalances inherent in economic systems; and adapt both fiscal […]
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Africa
China’s tourism sector set for robust growth
By Alexander Ayertey Odonkor According to the World Travel Market’s Global Travel Report from 2024 to 2033, the proportion of Chinese households with purchasing power to embark on international travel is set to “roughly double.” Attributed to rising incomes and more middle-class consumers, China’s growth is expected to add more than 60 million households to its existing population […]
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Editors' picks
OutStandingBrands24: Impact of effective communication on professional growth
By Pearl Annoh I have heard my friend Professor Robert E. Hinson say times without number, there are two things we do from when we are born to when we die: “oral presentation and written presentations”. I agree with him and in today’s dynamic business landscape, the ability to articulate thoughts, convey messages, and foster […]
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Editors' picks
The domestic digital landscape in 2023: balancing growth, inclusion and tax
A major lesson from the past few years is that technology will continue to drive the growth of almost every sector of the economy. Mobile technology in particular remains a cornerstone, with mobile penetration contributing to the sector’s vibrancy. The proliferation of smartphones has opened up new opportunities for innovation, fostering the growth of mobile […]
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