Robust and reliable vaccine capacity in Africa is a global public good, deserving of global support.The start of a new year is often a time to reflect and reassess. As the pandemic stretches into its third year, apprehension over the health crisis and the associated economic uncertainties is proving hard to shake.So, for anyone hoping
oorest countries in Africa in 2021 The heavily indebted poor countries’ list is a joint initiative by the World Bank and the International Monetary Fund. The aim of the initiative is to ensure that no poor country in the world ever faces a debt burden it cannot manage. Out of 36 countries on the list,
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
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
World Bank-UNESCO-UNICEF report lays out the magnitude of the education crisis This generation of students now risks losing $17 trillion in lifetime earnings in present value, or about 14 percent of today’s global GDP, as a result of COVID-19 pandemic-related school closures, according to a new report published today by the World Bank, UNESCO, and UNICEF.
First Deputy Governor of the Bank of Ghana, Dr. Maxwell Opoku-Afari, has revealed that the central bank’s digital currency, the e-Cedi, will be piloted by the close of this year – in a regulatory and innovation sandbox. Within the financial sector, a regulatory and innovation sandbox is a supportive and a controlled policy environment that enables
nnovation has brought us to an inflection point; the coming decade will be decisive When we gathered in Paris in 2015 to hammer out the historic climate deal, few of us dared hope that by 2021 more than 60 countries—representing over half of global emissions—would have committed to net zero emissions by mid-century. In addition, 4,500
Ghana, together with South Africa, Nigeria, the Democratic Republic of Congo, Zambia and Angola were the biggest recipients of the International Monetary Fund’s Special Drawing Rights in sub-Saharan Africa to aid their economic recovery after Covid-19, the 2021 Annual World Bank Report has revealed.The six countries claimed about half the amount of SDRs allocated to
African countries access to global capital markets should be celebrated, but the road is bumpy and a more robust vehicle is needed African governments have long lists of investment ideas essential for improving living standards. Taxes, foreign and domestic investment, and foreign aid all fall short of the financing required to meet these investment needs.
THE board of directors of the African Development Bank Group have approved an equity investment pool of €10,5 million to drive technological innovation across sub-Saharan Africa. A statement issued by the bank yesterday said: “The African Development Bank Group has approved an investment of €10,5m toward the first close of the Janngo Start-Up Fund, a