Minister for Food and Agriculture, Dr Owusu Afriyie Akoto, has said the quality of Ghana’s cocoa is unmatched making China no competition in terms of cocoa exports to the international market. “Ghana’s cocoa in terms of quality is matchless to none globally, hence, the international market’s decision to pay up to 25 percent premium on

Ghana’s debt jumped by ¢3.5 billion to hit ¢335.9 billion at the end of July 2021, the Bank of Ghana’s latest Summary of Economic and Financial Data has revealed. This is equivalent to 76.4% of Gross Domestic Product and keeps the nation in the highly debt distress category. The World Bank and the International Monetary

President of the World Bank Group (WBG), David Malpass, has described as problematic Ghana’s fast rising fiscal deficit. According to him, should Ghana’s fiscal deficit continue on an elevated path, the country would face access problems to market-based finance (capital market) as witnessed in other middle-income countries. “Many of them (middle-income countries) face access problems

Restructuring domestic debt is like surgery: You only do it if you must, and you avoid it if it might do more harm than good. With rising debt vulnerabilities and growing stocks of sovereign domestic debt in emerging and developing economies, the questions of when and how to restructure such debt are now more acute than ever. 

Growth in sub-Saharan Africa’s big economies will be mixed into 2022, after a year of recovery from COVID-19 lockdowns, as life slowly returns to normal amid low vaccination rates, a Reuters poll found on Wednesday. But the pace of recovery is largely positive, according to the poll, conducted from Oct. 19-26. Growth in Nigeria – Africa’s biggest

Remittances to low- and middle-income countries are projected to have grown a strong 7.3 percent to reach $589 billion in 2021. This return to growth is more robust than earlier estimates and follows the resilience of flows in 2020 when remittances declined by only 1.7 percent despite a severe global recession due to COVID-19, according

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

Kenya could register a small primary surplus in 2023-2024, the first in two decades, buoyed by an economic recovery after the coronavirus pandemic, according to the World Bank. The primary deficit, which excludes interest payments, could come in at 4.6% of gross domestic product in the fiscal year through June, and swing to a 0.3%

The African Development Bank is set to launch a comprehensive five-year Strategy for Economic Governance in Africa (SEGA). This was disclosed by AfDB in a statement seen by Nairametrics. According to AfDB, the strategy will serve as the Bank’s operating manual for fostering public sector effectiveness at national and sub-national levels by stimulating structural transformation

The Fifth Edition of the annual Lagos Small Business Summit organized by SME100Africa in commemoration of the Global Entrepreneurship Week was held virtually with an outstanding attendance of inquisitive entrepreneurs who registered in their thousands looking for relevant tips, skills, and knowledge about business in Nigeria. The event was chaired by Mr Charles odii the