The 2021 African Development Bank Group Annual Meetings, held virtually starting on Wednesday, opened with discussions on African debt management. The pandemic has created huge financing needs for governments, widened budget deficits and driven governments into debt. On Wednesday, the African Development Bank hosted panel discussions on the issue. One knowledge event was titled “From
Cross-border regulation of market competition under AfCFTA critical – UNCTAD says The United Nations Conference on Trade and Development (UNCTAD) has said the regulation of cross-border market competition among businesses under the African Continental Free Trade Agreement (AfCFTA) is critical and extremely necessary. According to UNCTAD, it experts the Competition Protocol policy currently being developed by member countries in the AfCFTA
Parliament, throughAct 1068 passed into existence the 1% Covid Health Recovery Levy on all goods and services consumed in the country. The 1% Covid Health Recovery Levy according to government is to help raise revenue to support Covid-19 related expenditure and also help improve the country’s current fiscal situation. The introduction and subsequent passage of the
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.
Governor of the Bank of Ghana, Dr. Ernest Yedu Addison, has said that the main reason for high lending rates in the country is largely due to government’s huge borrowing from the domestic debt market to support the budget; hence, any hope of affordable lending will depend on fiscal consolidation. Dr. Addison’s comment comes on
The demographic profiles of countries like Kenya, where a high percentage of people are young, would suggest that it’s swiftly renewing its workforce with fresh talent. But this doesn’t seem to be the case. We conducted a study in a public sector organisation three years ago. We found that the bureau had an ageing workforce.
The black liquid is bullish for the 5th consecutive day with the global benchmark, the Brent oil futures, approaching the $80 mark amid supply concerns as parts of the world sees demand pick up with the easing of pandemic conditions. Also boosting investors’ confidence is Goldman Sachs’ global head of commodities research, Jeff Currie, stating
Minister for Finance, Ken Ofori-Atta, has made a justification for the sudden rise in the country’s public debt stock as a ratio of Gross Domestic Product (GDP). Speaking at a presser on Sunday, May 9, following the massive social media campaign dubbed #FixTheCountry by which the Ghanaian youth are demanding for good roads, quality education,
The COVID-19 pandemic has stifled many sectors of the global economy. But it has apparently boosted the business of fraudsters. Experts note that some fraudsters have taken advantage of the new opportunities of the pandemic economy and that they seem to become ever more sophisticated in their methods. At the same time anti-fraud measures are becoming more sophisticated too, with technology playing
The International Monetary Fund is responding to the policy challenges of a fast-changing global economy still reeling from the COVID-19 crisis: it is modernizing the way it provides its regular policy advice to member countries—a process known as surveillance. The regular health check of members’ economies, known as the Article IV consultations, will continue to cover