Minister for Finance, Ken Ofori-Atta, has made a justification for the sudden rise in the country’s public debt stock as a ratio of Gross Domestic Product (GDP). Speaking at a presser on Sunday, May 9, following the massive social media campaign dubbed #FixTheCountry by which the Ghanaian youth are demanding for good roads, quality education,
The African Finance Ministers and the World Bank Group met today to fast track vaccine acquisition on the continent and avoid a third wave.In a boost to the African Union’s target to vaccinate 60% of the continent’s population by 2022, the World Bank and the AU announced that they are partnering to support the Africa Vaccine
Ghanaians might soon be paying more for electricity as the Electricity Company of Ghana (ECG) is proposing an increment in tariffs. The Company says it needs more funds to support its operational activities, hence the request. The Managing Director of the company, Kwame Agyeman-Budu at a public forum on Thursday, April 8, 2021, said while
The implementation of some of the new tax policies introduced in the 2021 budget statement from 1st May is likely to contribute to fuel prices rising to GHS6 per litre in the near future. That’s according to the Chamber of Petroleum Consumers (COPEC). Of the new taxes that will be implemented from the beginning of next
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.
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 size of Ghana’s economy is projected to swell from $62.8 billion in 2020 to $83.2 billion by the end of 2023. According to Fitch Solutions, research arm of credit rating agency, Fitch Ratings, the expansion of Ghana’s economy is expected to start this year, with the economy growing by $7.2 billion in monetary terms.
The Nigerian federal government spent a total of N1.8 trillion on debt servicing in the first five months of the year, representing about 98% of the total revenue generated in the same period. This is according to the budget implementation report presented by the Minister of Finance, Budget & National Planning, Mrs Zainab Shamsuna Ahmed.
Total liabilities recorded by the Central Bank for the year ended 2020, amounted to Ghs 115 billion. As contained in the Quarterly Statistical Bulletin released by the Bank and perused by norvanreports, the Central Bank’s liabilities on a year-on-year basis increased by some Ghs 35.6 billion, as liabilities recorded by the Central Bank at end-December 2019, stood
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