Edo modular refineryThe Bight of Benin is metaphorical of the economic exploit of the ancient empire before the greed of Europe vanquished the empire. Their visit and subsequent attack blighted the unequalled economic adventure of the ancient kingdom. Notwithstanding the European invasion and the epic battle for the economic soul of the empire, the modern
Economist and Director at the Institute of Statistical, Social and Economic Research (ISSER), Prof. Peter Quartey has charged the Board of the Bank of Ghana to ensure that there is a balance when it comes to government’s source of borrowing. A look at the Summary of Economic and Financial Data released in July by the
The global economy is projected to grow at 6 percent this year, moderating to 4.4 percent in 2022 after a contraction of –3.3 percent in 2020 The revised 6 percent growth projection follows an earlier growth projection of 5.5 percent by the IMF. According to the IMF, the contraction of the global economy for 2020
The Minister designate for Finance, Mr Ken Ofori-Atta, has justified the need to introduce new taxes at a time Ghanaians are coping with the negative impact of the coronavirus disease. Responding to a question during his vetting on Thursday by the Appointments Committee of Parliament, Mr Ofori-Atta said it was necessary for Ghanaians to learn
Total government expenditure for 2021 is projected to reach some GHS 113.75 billion, equivalent to 26.2 per cent of Gross Domestic Product (GDP). The increment in public expenditure represents a growth of 13.7 per cent above the outturn of GHS 100 billion recorded in 2020. Meanwhile, total revenue and grants for 2021 is projected to
As Nigeria braces to receive the e-Naira, which is set to be launched by the Central Bank of Nigeria (CBN) on October 1, 2021, many are starting to inquire about the security of this new digital currency and if it is vulnerable to hackers. Nairametrics reviewed publications from the Central bank of Canada and interviewed
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.
Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), made the following statement today regarding the Executive Board’s decision supporting the general allocation of Special Drawing Rights (SDRs): “The IMF Executive Board yesterday concurred in my proposal for a new general SDR allocation equivalent to US$650 billion – the largest allocation in the IMF’s
Government continues to borrow aggressively on the domestic market to finance its budget, latest figures from the Bank of Ghana has revealed. Though there were more interest in the T-Bills, which could probably crowd out businesses and household consumers from getting access to loans, government also needs money to finance the budget. But interestingly, the
In particular, the initial state of the company’s sales and operations planning capabilities limited their ability to account for demand variability or raw material lead times in production and distribution. Improve sales and operations and production planning.