Vice President of Imani Africa, Bright Simons has said it has become critical for more public sector borrowing in order to survive as a country. According to him, the country’s fiscal space is currently under enormous fiscal pressure, a situation he believes makes a strong case for the country to borrow in order to survive.

Many countries are experiencing a combination of high public debt and low interest rates. This was already the case in advanced economies even prior to the pandemic but has become even starker in its aftermath. A growing number of emerging market and developing economies are likewise enjoying a period of negative real rates—the interest rate minus

Government has been urged to slow down on excessive borrowing as a precaution to reduce the country’s debt to GDP ratio. According to the International Monetary Fund, Ghana’s debt to GDP ratio is higher than what was actually put out by the government. The nation’s debt to GDP ratio actually ended 2020 at 78% of

After a careful study of the trajectory of the current and projected levels of government debts and deficits, the former Finance Minister, Seth E. Terkper has called for a ‘Special Deficit and Debt’ control program to curb or ameliorate what he described as a “looming fiscal crisis.” Readers will recall that just some few days

Deputy Finance Minister-designate John Kumah has conceded that the Energy Sector Levy Act (ESLA) introduced by former Finance Minister Seth Terkper during the Mahama administration, has been helpful to the Akufo-Addo government in clearing a lot of energy sector-related debts. Now known as ESLA PLC, the company’s key objective is to resolve the energy sector

Multilateral institution, the International Monetary Fund (IMF) has projected Ghana’s total debt stock to hit 86.6 percent in 2025 According to the IMF, Ghana’s debt stock is expected to continue on an elevated path reaching 81.5 percent this year, 83.2 percent in 2022, and further to 84.8 percent, 86.0 percent and 86.6 percent in 2023,

In recognition of the devastating effects of the COVID-19 pandemic on African economies, the President of the African Development Bank, Akinwumi Adesina, says the bank is willing to help West African countries accelerate growth and development to ensure economic stability. Speaking at the opening of the 59th ECOWAS Heads of State and Authority summit in

Government is reported to have surpassed its revenue mobilization target for the first quarter of 2021 by more than Ghs 3 billion. The revenue mobilization performance posited by government for Q1 2021, according to the Bank of Ghana (BoG) is higher than pre-pandemic mobilised revenues. Speaking in a media interaction, Head of Research at the

The COVID-19 pandemic has caused an unprecedented health, economic, and social crisis. It is threatening the lives and livelihoods of millions, increasing poverty and inequality, and reversing development gains. To move toward a global recovery will require sustained, differentiated, and targeted financial and technical support to governments and the private sector. These were key messages

The teams focused their efforts on a few of the highest-value S&OP levers in order to review the current planning process, identify gaps in the planning infrastructure and analytically understand demand and supply variability.