Andrew Dabalen, the Chief Economist for the Africa Region at the World Bank, has expressed optimism regarding the forecasted 3.8% growth in Sub-Saharan African countries by 2025. The World Bank’s Africa Pulse Report for April 2024 anticipates growth in Africa in the coming years. The report also suggests that domestic resource mobilization and international support […] The post Africa’s
but faster and more equitable growth needed to reduce poverty Increased private consumption and declining inflation are supporting an economic rebound in sub-Saharan Africa. However, the recovery remains fragile due to uncertain global economic conditions, growing debt service obligations, frequent natural disasters and escalating conflict and violence, according to the World Bank’s latest Africa’s Pulse […] The post
By Ama Kudom-Agyemang Obviously, the realisation of about three-quarters of the world’s population having access to safe water sources, is a major attainment by the international community. However, this achievement cannot be overly celebrated. This is because, as the world celebrated this year’s World Water Day (WWD) on Friday, 22nd March, a whooping 2.2 billion […] The post Reflections
Nigeria’s Economic and Financial Crimes Commission (EFCC) has recovered 30 billion naira ($24 million; £19 million) as part of an ongoing corruption probe into a suspended minister for Humanitarian Affairs and Poverty Alleviation, Betta Edu. The EFCC revealed that the funds were traced to more than 50 bank accounts. Humanitarian Affairs and Poverty Alleviation Minister […] The post Nigerian
The Director of Legal Affairs for the opposition National Democracy Congress (NDC), Edudzi Tamakloe, has stated that the New Patriotic Party under President Akufo-Addo used the Eurobonds to cushion Ghana’s currency from depreciation from 2017 to 2021. He said the government decided to use Eurobonds to give the Cedi an ‘artificial strength’ emphasising that the […] The post Govt
Ghana does not need the Special Drawing Rights (SDR) of the International Monetary Fund (IMF) for economic growth, an economist Dr John Kwakye has said. In the view of the Director of Research at the Institute of Economic Affairs (IEA), Ghana can develop by relying on its natural resource wealth. “We don’t need any SDRs […] The post Economist
The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has declared that Ghana’s economy is on an upward trajectory compared to previous years. Previously, the economy had experienced a downturn, prompting the government to seek a $3 billion International Monetary Fund (IMF) bailout. However, during his address to the Public Accounts Committee of […] The post Ghana’s
Eight members of a Ugandan music band have been arrested for complaining that the president's speech at the weekend was too long, local media report. The post 8 band members arrested for ‘insulting’ Ugandan President, Museveni first appeared on 3News.
The Economic Fighters League says it has been closely monitoring recent developments within the political landscape as prominent figures from the establishment defect to forge alliances with other movements, all aimed at challenging the entrenched dominance of the New Patriotic Party and the National Democratic Congress. The Fighters said they extend a warm welcome to […] The post 2024
The Ghana Private Road Transport Union (GPRTU) is set to meet on Wednesday, April 10, to deliberate on the possible increase in transport fares. However, the Western regional branch of the union has announced a 30-percent increment in transport fares for its members, effective Monday, April 8. The driver’s union has complained over the increasing […] The post Transport fares hike: GPRTU
According to the 2023 World Economics Governance Index study, Ghana is one of Africa’s top ten best-governed countries, ranking fifth behind Mauritius, Namibia, South Africa, and Botswana. Per the ranking, Ghana outperformed Senegal, Malawi, Lesotho, Burkina Faso, Togo, and Nigeria. Ghana scored a grade of B, and with an index of 61.7, secured the 5th […] The post Ghana ranked 5th best-governed
The Institute of Economic Affairs (IEA) has criticized the government for its poor macroeconomic performance from 2020 to 2022. During this period, Ghana experienced an economic downturn, with the government seeking a 3 billion bailout from the International Monetary Fund (IMF). Giving a post-analysis of President Akufo-Addo’s State of the Nation Address (SONA), on April […] The post Economic
The president of Botswana has threatened to send 20,000 elephants to Germany in a dispute over conservation. Earlier this year, Germany’s environment ministry suggested there should be stricter limits on importing trophies from hunting animals. Botswana’s President Mokgweetsi Masisi told German media this would only impoverish people in his country. He said elephant numbers had […] The post Botswana
Rescue efforts are under way in Taiwan after a 7.4 magnitude earthquake struck the island’s eastern coast, killing at least nine and injuring more than 800. Some 127 people are trapped in collapsed tunnels and on mountainous roads along the rugged coastline. The epicentre was 18km (11 miles) south of Hualien city, but strong tremors […] The post Rescue efforts continue after
Uganda’s Constitutional Court has rejected a petition seeking to annul an anti-gay law that has been roundly condemned internationally as one of the toughest in the world. The court found on Wednesday that some sections of the law violated the right to health and it was “inconsistent with right to health, privacy and freedom of religion” but […] The post Uganda’s Constitutional
Tens of thousands of people have fled the Haitian capital, Port-au-Prince, to escape a surge in gang violence over the past weeks. United Nations figures suggest more than 53,000 left between 8-27 March. The UN is warning that the rural regions to which many have fled are not equipped to deal with such a large […] The post More than 50,000 flee Haiti capital after surge in gang violence
The White House wants US space agency Nasa to develop a new time zone for the Moon – Coordinated Lunar Time (CLT). Because of the different gravitational field strength on the Moon, time moves quicker there relative to Earth – 58.7 microseconds every day. This might not seem like much, but it can have a […] The post White House wants Moon to have its own time zone appeared first
By Dr. Richmond ATUAHENE Abstract The present paper examines the issue of the current Ghana’s public debt crisis, its underlying causes and lessons for the present and the future. After providing a historical discussion, we show that the austerity of the last four years has been unsuccessful in stabilizing the debt while, at the same […] The post The
Ukraine has claimed responsibility for a drone attack in Russia’s Tatarstan region – more than 1,300km (807 miles) from the Ukraine-Russia border. The strikes, in which 12 people were injured, are the deepest into Russian territory since the start of the war. Local authorities said that the strikes hit the town of Yelabuga, where drones […] The post Deepest Ukraine drone
The judge overseeing Donald Trump’s criminal hush money case has expanded a gag order on the former president after his online attacks against his daughter. Justice Juan Merchan has banned Mr Trump from criticising his family members or those of Manhattan prosecutor Alvin Bragg. The Trump campaign has called the gag order unconstitutional. In the […] The post Trump gag order expanded
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