Inflation in the OECD area surged to 5.8% in the 12 months to November 2021, compared with 5.2% in October, and just 1.2% in November 2020, reaching the highest rate since May 1996. The rise was particularly marked in the United States, where year-on-year inflation climbed from 6.2% in October to 6.8% in November, the highest rate since

Morocco has unveiled a 15-year development model with aims that include establishing the country as a regional hub for higher education, research and innovation in order to attract students from the African continent and beyond. The model was presented to King Mohammed VI on 25 May. Elizabeth Buckner, assistant professor at the Ontario Institute for Studies in

After a year of havoc, wreaked on the economy by COVID-19, the government has laid a blueprint of bold policies and programmes to stop the spread of the virus and contain its effects; revert the economy onto the path of transformational growth and ensure prosperity for all Ghanaians. In the country’s first budget since the

Multilateral institution, the International Monetary Fund (IMF) says Ghana’s gross financing needs for the year 2020 exceeded 20 percent of its Gross Domestic Product (GDP). In monetary terms, that amounts to some $13.68 billion. Despite having a financing need of $13.68 billion mostly due to the advent of the Covid-19 pandemic, government was able to

Former Minister for Finance, Seth Terkper, has said government potentially faces a shutdown next year. The possible shutdown of government, the former Minister noted, comes on the back of the current stalemate on the passage of the 2022 budget. According to Mr Terkper, the introduction of the electronic transaction levy is the main contributory factor to the current stalemate

Inflation is rising around the world. In sub-Saharan Africa, one item is driving the trend more than others: food prices. Food accounts for roughly 40 percent of the region’s consumption basket—a measure of goods and services used to measure consumer price index (CPI) inflation. Food inflation increased throughout 2019, on average, across 20 countries in

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 end result of the two world wars, coupled with a Great Depression was enormous physical and economic destruction in both Europe and the United States. These necessitated the drive to create a new international monetary system that would stabilize currency exchange rates without backing currencies entirely with gold; to reduce the frequency and severity of balance-of-payments deficits;

An energy expert and analyst says the Finance Ministry has contributed to the intermittent power outages the country is presently experiencing. Kojo Opoku told Evans Mensah on Joy FM’s Top Story Thursday that most often in the discourse of energy crisis, the Finance Ministry is barely introduced into the picture. According to him, “the Finance

Minister for Food and Agriculture, Dr Owusu Afriyie Akoto, has said the quality of Ghana’s cocoa is unmatched making China no competition in terms of cocoa exports to the international market. “Ghana’s cocoa in terms of quality is matchless to none globally, hence, the international market’s decision to pay up to 25 percent premium on