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
The International Monetary Fund’s (IMF) classification of Ghana as a Low-income economy is a narrow way of defining a country’s economic status, Professor Peter Quartey has said. Prof Quartey, who is the Head, Economics Division, Institute of Statistical, Social and Economic Research (ISSER), University of Ghana, said just looking at the fiscal data, revenue, expenditure,
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.
The first full sovereign credit rating of Ghana for 2021 was delivered last week, and it left rating sentiment unchanged from last year. This came from global credit rating firm Moody’s Investor Services rating the country’s sovereign bond issuance at B3 negative, exactly the same as last year when the firm downgraded Ghana from B3 stable
Ghana and its East African counterpart Rwanda, are looking to explore bilateral opportunities in business, tourism and other mutually beneficial economic prospects under African Continental Free Trade Agreement (AfCFTA). A trade delegation from Ghana in March this year, paid a visit to Rwanda to promote trade between the two countries with anticipating a collaboration between
World Bank President, David Malpass, has said the multilateral institution has put in place processes to serve as safety guardrails against corruption activities in countries that are to be beneficiary of funds meant to strengthen the fight against the Covid-19 pandemic. Accorfing to President Malpass, the World Bank gives enormous attention to prevailing environmental, social
The Yapei-Kusawgu MP, John Abdulai Jinapor says the Akufo-Addo-led administration’s revenue target is simply unattainable. The former Deputy Energy Minister based his comments on the inability of government to meet any of its revenue targets in the past four years. According to him, government’s projection of adding about ¢20 billion more to Ghana’s current tax
Growth through innovation/creativity. Rather than be constrained by ideas for new products, services and new markets coming from just a few people, a Thinking Corporation can tap into the employees.
The African Development Bank (AfDB) has been charged by the Minister for Finance, Ken Ofori-Atta, to tackle risks brought about by the pandemic and currently facing the continent to facilitate the continent’s successful recovery from the pandemic. Making the assertion at the virtual 2021 Annual Meeting of the African Development Bank, Mr Ofori-Atta opined that
The African Finance Ministers and the World Bank Group met today to fast track vaccine acquisition on the continent and avoid a third wave.In a boost to the African Union’s target to vaccinate 60% of the continent’s population by 2022, the World Bank and the AU announced that they are partnering to support the Africa Vaccine