President of the World Bank Group (WBG), David Malpass, has described as problematic Ghana’s fast rising fiscal deficit. According to him, should Ghana’s fiscal deficit continue on an elevated path, the country would face access problems to market-based finance (capital market) as witnessed in other middle-income countries. “Many of them (middle-income countries) face access problems
Africa, despite its low contribution to greenhouse gas (GHG) emissions, remains the most vulnerable continent to climate change impacts. It also hosts some of the lowest-income countries in the world, limiting the resources available for adapting to a heating planet. Seven out of the 10 most climate vulnerable nations in the world are located in Africa.
Ghana’s economy to continue strong growth despite lurking risks – BoG Governor tells investors Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said Ghana’s economy will continue to show strong growth despite risks posed by the Covid pandemic and its ability to derail the economic progress made so far by the country. Speaking to investors at
Ghana’s planned Eurobond sale will be a key test of appetite for African issuers after a raft of nations sought debt relief, shaking investor confidence. Ghana’s planned Eurobond sale will be a key test of appetite for African issuers after a raft of nations sought debt relief, shaking investor confidence. “Strong demand for Ghana would
The Nairobi Securities Exchange (NSE) has disclosed that it has acquired a 4 per cent stake in the Dar s Salaam Stock Exchange citing strategic reasons. “Back in 2017, we took a position in the Dar er Salaam Stock exchange. Dar Es Salaam Stock exchange was doing an IPO. And its always been part of our regional strategy to
Many businesses, large and small, have a huge source of great ideas that can help them improve, innovate, and grow, and yet so many of these companies never think of using this amazing corporate asset. What is this highly valuable asset? Its own people.
For a fourth consecutive month, consumer inflation in the month of September 2021 rose to 10.6 percent – exceeding the central bank’s medium-term target of 8-10 percent. The increase, although anticipated by the market, is the highest in the last 14-months of COVID-19 since August 2020, when Ghanathe indicator stood at 11.5 percent. Data released
A campaign to prevent government from taking on more loans particularly through the issuance of debt-instruments – Eurobonds – on the international capital market has been launched. A campaign to prevent government from taking on more loans particularly through the issuance of debt-instruments – Eurobonds – on the international capital market has been launched. Adding
Effective April 1, 2021, the Ghana Revenue Authority (GRA) will convert all National Identification numbers into Tax Identification Numbers (TIN). This forms part of efforts to identify and rope in more eligible taxpayers, especially those in the informal sector and enable organizations to easily share important data with the Authority. President Nana Addo Dankwa Akufo-Addo
The 2021 African Development Bank Group Annual Meetings, held virtually starting on Wednesday, opened with discussions on African debt management. The pandemic has created huge financing needs for governments, widened budget deficits and driven governments into debt. On Wednesday, the African Development Bank hosted panel discussions on the issue. One knowledge event was titled “From