Multilateral institution, the International Monetary Fund (IMF) has projected Ghana’s total debt stock to hit 86.6 percent in 2025 According to the IMF, Ghana’s debt stock is expected to continue on an elevated path reaching 81.5 percent this year, 83.2 percent in 2022, and further to 84.8 percent, 86.0 percent and 86.6 percent in 2023,
The Executive Director of Africa Centre for Energy Policy, Benjamin Boakye says the country is losing billions of dollars to failing existing infrastructure in the energy sector. Interacting with Newsfile host, Samson Lardy Anyenini on Saturday, Benjamin Boakye explained that the failure of GRIDCo to invest in capacity banks is costing Ghana $2.5m per month
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.
The International Monetary Fund’s (IMF) classification of Ghana as a Low-income economy is a narrow way of defining a country’s economic status, Professor Peter Quartey has said. Prof Quartey, who is the Head, Economics Division, Institute of Statistical, Social and Economic Research (ISSER), University of Ghana, said just looking at the fiscal data, revenue, expenditure,
Ghana has lost its status as a Middle-Income Country (MIC). This follows the reclassification of the country as a Low-Income Country (LIC) by the International Monetary Fund (IMF) in its April 2021 Fiscal Monitor Report. According to the IMF, it no longer recognises Ghana as a MIC despite achieving the status in 2010. The downgrade
World Bank President, David Malpass, has said the multilateral institution has put in place processes to serve as safety guardrails against corruption activities in countries that are to be beneficiary of funds meant to strengthen the fight against the Covid-19 pandemic. Accorfing to President Malpass, the World Bank gives enormous attention to prevailing environmental, social
Social Entrepreneur, Vincent Dzokoto wants the suspension of exploration and production contracts on the Keta Delta Block. According to him, there hasn’t been a sustained effort to forge cooperation between the communities within the Keta constituency and the government about plans to advance the exploration of oil. Swiss African Oil Company and PET Volta Investments
Key economic data in China surged dramatically in the first two months of 2021, pointing to a continued recovery for the world’s second largest economy. China’s industrial output grew 35.1% in January and February compared to the same months last year. The strong numbers are distorted because they are compared to 2020, when most
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 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