58 Replies As of today, the five year constant maturity Treasury yield has stabilized for the last month at about 0.9%. The inflation breakeven implied by the spread between Treasurys and TIPS has plateaued at 2.52%. After accounting for the estimated term premium and liquidity premium, the implied inflation rate is 1.90% . Figure 1. Five year inflation
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
Despite pandemic-induced supply chain challenges and construction delays, renewable capacity additions in 2020 expanded by more than 45% from 2019, and broke another record. An exceptional 90% rise in global wind capacity additions led the expansion. Also underpinning this record growth was the 23% expansion of new solar PV installations to almost 135 GW in 2020.
The office of the Auditor General has ordered the Social Security and National Insurance Trust, (SSNIT), to recompute some GHS9.2 million which stand as total penalty charges from nine agent banks for the year ended 2019. In a report by the acting Auditor General, Johnson Akuamoah Asiedu, on the public accounts of Ghana for the
With the wide-spread use of mobile phone devices, the introduction of Mobile Money (MOMO) in Ghana since 2009 has had quite a significant impact on the Ghanaian economy by reducing unemployment to some extent, developing the payment ecosystem, providing a means of savings for people without access to banks, timely completion of financial transactions, among others. More than a decade down
In recognition of the devastating effects of the COVID-19 pandemic on African economies, the President of the African Development Bank, Akinwumi Adesina, says the bank is willing to help West African countries accelerate growth and development to ensure economic stability. Speaking at the opening of the 59th ECOWAS Heads of State and Authority summit in
KEY POINTS A group of 130 nations has agreed to a global minimum tax on corporations, Treasury Secretary Janet Yellen announced Thursday, part of a broader agreement to overhaul international tax rules. Yellen did not announce the actual rate at which the GMT would be set, but the Biden administration has pushed for at least
Data from the Ghana Revenue Authority (GRA) has shown that revenue generated from personal income tax has continuously seen a decline for the past five years – a situation that tax experts and authorities said can be partly blamed on the evasion of taxes by some professionals whose income are not captured in the tax
Africa, despite its low contribution to greenhouse gas (GHG) emissions, remains the most vulnerable continent to climate change impacts. It also hosts some of the lowest-income countries in the world, limiting the resources available for adapting to a heating planet. Seven out of the 10 most climate vulnerable nations in the world are located in Africa.
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