The size of Ghana’s economy is projected to swell from $62.8 billion in 2020 to $83.2 billion by the end of 2023. According to Fitch Solutions, research arm of credit rating agency, Fitch Ratings, the expansion of Ghana’s economy is expected to start this year, with the economy growing by $7.2 billion in monetary terms.
Director of Research for the Institute of Economic Affairs (IEA), Dr John Kwakye, has made calls for transparency on the country’s financial and energy sector debts as a component of the country’s overall public debt stock. The call by the Institute, Dr Kwakye explains, would aid in dispelling the notion of concealment of the debt burden of
Ghana’s fiscal deficit to Gross Domestic Product (GDP) ratio for this year will not be much different from that of 2020, according to the International Monetary Fund’s October 2021 Fiscal Monitor.The Fund is forecasting a fiscal deficit to GDP ratio of 14.5% in 2021, which is not too far from the 15.7% recorded in 2020.According
In the last decade inequality has been placed at the centre of the agenda for global social and economic policy. This has been driven in large part by the pioneering work of the British economist Sir Tony Atkinson, French economist Thomas Piketty’s Capital in the Twenty-First Century, and the work of sociologists like Goran Therborn. All of the key
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
Parliament’s Minority Leader, Haruna Iddrisu, has taken issue with the practice whereby the Auditor General publishes his audit reports even before the Legislature gets the opportunity to scrutinise them. Though he acknowledges that the practice is backed by law, the Tamale South MP laments that the practice has dire implications on people’s reputation and dignity.
Ghana’s planned Eurobond sale will be a key test of appetite for African issuers after a raft of nations sought debt relief, shaking investor confidence. Ghana’s planned Eurobond sale will be a key test of appetite for African issuers after a raft of nations sought debt relief, shaking investor confidence. “Strong demand for Ghana would
Sub-Saharan Africa is set to emerge from the 2020 recession sparked by the COVID-19 pandemic with growth expected to expand by 3.3 percent in 2021. This is one percent higher than the April 2021 forecast according to the latest edition of Africa’s Pulse. This rebound is currently fueled by elevated commodity prices, a relaxation of
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 collective debt of African countries according to the African Development Bank (AfDB), now stands at 70 per cent of the continent’s Gross Domestic Product (GDP). Speaking at the launch of the African Development Bank’s 2021 edition of its annual African Economic Outlook, President of the AfDB, Dr Akinwumi Adesina, called for a quick and