The collective debt of African countries according to the African Development Bank (AfDB), now stands at 70 per cent of the continent’s Gross Domestic Product (GDP). Speaking at the launch of the African Development Bank’s 2021 edition of its annual African Economic Outlook, President of the AfDB, Dr Akinwumi Adesina, called for a quick and
World Bank’s cumulative fiscal support to Ghana’s Covid-19 response reaches $435.8m Fiscal support provided by the World Bank in Ghana’s response to the Covid-19 pandemic has reached $435.8 million. According to the World Bank’s Country Director for Ghana, Liberia and Sierra Leone, Pierre Laporte, fiscal support to the country has been along five strategic pillars which are;
The Speaker of Parliament Alban Bagbin is on a collision course with President Akufo-Addo over his decision to slash budget estimates for the Judiciary and the Legislature. Alban Sumana Bagbin during the presentation of the 2021 budget statement last Friday directed the Interim Finance Minister Osei Kyei-Mensah-Bonsu and the Vice President Dr Mahamudu Bawumia, who
The Institute of Economic Affairs has charged government to take bold and innovative measures to mobilise resources and allocate them judiciously to support long-term sustainable growth. This it believes is capable of delivering sufficiently-high living standards to Ghanaians and moving the country out of poverty within a generation. In its expectations of the 2022 Budget
irst Deputy Governor of the Bank of Ghana (BoG), Dr Maxwell Opoku-Afari, has said the Business Sans Borders (BSB) project between Singapore and Ghana is a game-changer in the BoG’s efforts to drive financial sector activity and inclusive SME development in the country. According to the First Deputy Governor, the ability of the BSB to change financial sector
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
Vice President of Imani Africa, Bright Simons has said it has become critical for more public sector borrowing in order to survive as a country. According to him, the country’s fiscal space is currently under enormous fiscal pressure, a situation he believes makes a strong case for the country to borrow in order to survive.
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.
Public sector workers looking forward to a huge wage increment will not get it because the Finance Ministry says there is simply no money to meet such demands. And indeed this situation is likely to persist until 2024 as the Technical Adviser at the Ministry Dr Samuel Nii Noi Ashong called on the country to
Executive Secretary of the Chamber of Petroleum Consumers Ghana (COPEC), Duncan Amoah, has accused the National Petroleum Authority (NPA) of unilaterally adding some Ghs 0.17 pesewas to the already Parliament approved Ghs 0.30 pesewas tax charge on fuel price as contained in the 2021 budget statement. In statement issued by the Chamber on Friday, April