Ghana’s growth rate has been revised to 4.7 percent by the International Monetary Fund (IMF). The revision by the IMF in its October 2021 World Economic Report reflects a 0.1 percentage points upward revision by the Bretton Wood institution from an earlier growth rate projection of 4.6 percent for the country. The IMF’s new growth rate projection is

For a fourth consecutive month, consumer inflation in the month of September 2021 rose to 10.6 percent – exceeding the central bank’s medium-term target of 8-10 percent. The increase, although anticipated by the market, is the highest in the last 14-months of COVID-19 since August 2020, when Ghanathe indicator stood at 11.5 percent. Data released

Ending the health crisis and addressing its immediate fallout remains the top priority, but governments would also benefit from committing to fiscal responsibility. From the outset of the COVID-19 pandemic, governments have extended massive fiscal support that has saved lives and jobs. As a result, public debt has reached a historic high, although it is

Debt reduction, restructuring, and transparency needed to help low-income countries overcome debt crisis. Governments around the world responded to the COVID-19 pandemic with massive fiscal, monetary, and financial stimulus packages. While these measures were aimed at addressing the health emergency, cushioning the impact of the pandemic on the poor and vulnerable and putting countries on

The IMF Executive Board met today to conclude its review of the matter raised by WilmerHale’s investigation of the World Bank’s Doing Business 2018 report. This was the eighth such Board meeting on this matter, as part of the Executive Board’s commitment to a thorough, objective, and timely review. In particular, the Executive Board had two extensive

nnovation has brought us to an inflection point; the coming decade will be decisive When we gathered in Paris in 2015 to hammer out the historic climate deal, few of us dared hope that by 2021 more than 60 countries—representing over half of global emissions—would have committed to net zero emissions by mid-century. In addition, 4,500

With the wide-spread use of mobile phone devices, the introduction of mobile Money (MOMO) in Ghana since 2009 has had quite a significant impact on the Ghanaian economy by reducing unemployment to some extent, developing the payment ecosystem, providing a means of savings for people without access to banks, timely completion of financial transactions, among

Economist and Director at the Institute of Statistical, Social and Economic Research (ISSER), Prof. Peter Quartey has charged the Board of the Bank of Ghana to ensure that there is a balance when it comes to government’s source of borrowing. A look at the Summary of Economic and Financial Data released in July by the