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Photo taken on May 29, 2020 shows the live broadcast of U.S. President Donald Trump speaking at a press conference at the White House in Washington D.C.. U.S. President Donald Trump said on Friday that his country is "terminating" its relationship with the World Health Organization. (Xinhua/Liu Jie)

U.S. current account deficit widens sharply in second quarter

The U.S. current account deficit widened sharply in the second quarter as the COVID-19 pandemic weighed on U.S. exports, the Commerce Department reported...
cyber attacks,

ICRC president warns of budget deficit, cyber attacks

by Martina Fuchs The International Committee of the Red Cross (ICRC) President called on the global donor community to urgently...
fiscal deficit

Canada’s current account deficit narrows in Second Quarter

Canada's current account deficit narrowed by 4.6 billion Canadian dollars (about 3.5 billion U.S. dollars) in the second quarter to 8.6 billion Canadian dollars,...
Coastline Threat (sea defence wall)

Egypt builds more desalination plants to face water deficit

By Marwa Yahya Egypt is currently expanding the establishment of seawater desalination plants to reduce its water deficit as the...
Astro Turf

AstroTurf will solve infrastructure deficit in Upper East – Overlord

Tongraan Naab Kugbilson Nalebegtang the Overlord of Talensi Traditional area, in the Upper East Region, has said the construction of an...

Hong Kong expects deficit surge with unprecedented economic relief measures

The Hong Kong Special Administrative Region (HKSAR) government's deficit for this fiscal year is expected to increase remarkably as it rolls out unprecedented rounds...

Kenyan account deficit narrows to 4.1 percent of GDP amid high inflows

Kenya's current account deficit narrowed to 4.1 percent of the gross domestic product (GDP) in October, supported by the rise in inflows amid low...
current account

Namibia’s current account deficit expected to narrow

Namibia's weak domestic import demand and increasing uranium exports are expected to narrow the country's current account deficit over the coming quarters, Fitch Solutions...
China confidence.

China’s Deficit to GDP Ratio for 2019 is Fair

China's deficit-to-GDP ratio target this year is proactive and realistic, China's finance minister said Thursday. The appropriate increase of the deficit-to-GDP ratio is an important...
Maize farmer

Poor Management of Armyworm Could Result in Maize Shortage in Africa

CABI has today (7 September 2017) confirmed that Fall Armyworm (FAW) has been reported in 28 African countries, following the pest’s arrival in Africa...

Government moves to reduce Ghana’s Housing Deficit

Mrs Freda Prempeh, the Deputy Minister of Works and Housing, has re-affirmed government’s commitment to acquire some apartments from Sethi Realty, a Real Estate...

Agyarko Discloses ECG Has Operating Deficit of GHS2bn

As part of innovations to improve the reliability and availability of power, government is working to improve the balance sheet of the main power...
Xi Jinping

Xi admits the challenges of peace, development confronting the world

Deficit in peace, development and governance poses a daunting challenge to mankind, Chinese President Xi Jinping said Sunday. He spoke of a world "fraught with...
trade deficit

China Records Its first trade deficit in three years

Due to the unexpected surge in import, February saw a 60.36-billion-yuan ($8.7 billion) deficit in yuan-denominated trade, the first for China since February 2014,...

COMESA’s footwear production deficit due to lack of policies

The Common Market for Eastern and Southern Africa (COMESA) footwear production deficit is due to lack of effective national policies required to promote local...
current account

Australian current account deficit improves by 62 percent

Australia has reported its lowest current account deficit in nearly 20 years on Tuesday, with exports driving the strong result for the nation. ...

IMF Review Will Look At Options for Deficit Financing

The Bank of Ghana has told Citi Business News it will strictly abide by any agreement reached by the government and the International Monetary...
Growth was uneven across eurozone countries, with Germany "robust" and France losing ground ?

Eurozone government deficit rises in Q3 2016

The seasonally-adjusted general government deficit to gross domestic product (GDP) ratio stood at 1.7 percent across the 19-country eurozone, official data showed Monday. ...

Terkper: Ghana’s 2016 Budget Deficit Mark Cannot Be Attained

Finance Minister Seth Terkper has stated that Ghana is likely to miss its budget-deficit target for 2016 due to low oil output, high  spending...

Rise in deficit spending, stable growth forecast for 2017

The Chinese government is expected to increase deficit spending in 2017 to cope with economic headwinds and keep GDP growth at a stable 6.5...

Crude prices increases amid falling output

Last week U.S. oil rig count fell for the eighth straight week. According to data released last Friday by oil service company Baker Hughes,...

Ghana’s Debt-to-GDP Ratio To Hit 74% By 2016 Ending

Speaking at a press conference on the release of the April 2016 Fiscal Monitor in Washington DC, Abdelhak Senhadji, Deputy Director of the Fiscal...

UK Current Account Shortfall Stands At A New Record

The UK’s current account deficit widened to a record high in the final quarter of last year. The deficit in the three months to December...

Captains of industry unhappy with Ghana’s Huge Trade Deficit

Captains of industry have expressed concerns about Ghana’s balance of trade position which is highly in favour of imports and therefore eating up the country’s...

Nigeria to borrow from lowest cost debt providers

The decision was for government to easily service the debts as high cost debts would be counter-productive in view of the nation's economic realities,...
Ghana energy supply

African energy conference calls for energy integration

The conference brought together 12 African Energy Ministers and representatives from the private sector. Wosley Barnard, Deputy Director General at the South African Department...
Seth Terkper

Ghana sees fiscal consolidation yielding positive results

This will be 3.2 percentage points lower than the 2014 deficit of 10.2 percent and 0.3 percentage points lower than the 7.3 percent projections...

Industrial economist cites macro-instability, for slump in Ghana’s industrialization

Moses Agyemang, Senior Economist at the Private Enterprises Federation (PEF), said the macro-instability with Ghana as an inflation-prone country made it difficult for industry...
Photo taken on July 21, 2015 shows exposed riverbed in Shanzuizi Village of northeast China's Liaoning Province. The lingering drought in Liaoning has resulted in about 178,200 people lack of drinking water and has affected about 1.15 million hectares of crops. (Xinhua/Li Gang)

Deficit for Namibian farmers as they lose livestock to drought

It's a Thursday afternoon at Iiputu village and the sun was at its peak. In a dry grazing area, with support of small tree...
Stanbic Bank

Stanbic Bank Says Balance of Payment Shortfall Could Reach 8% By 2016

Ghana’s balance of payment is looking healthy and is expected to reach 8% GDP next year, according to Standard Bank Africa Research. Yvette Babb of...