Tag: GDP growth
38 million jobs lost in East Africa due to COVID-19 pandemic – report
The Eastern Africa region's labour market has been the worst hit on the continent from the impact of the COVID-19 pandemic as an estimated...
Philippine economy shrinks for third straight quarter amid Covid
The Philippine economy contracted for the third straight quarter this year, the first time in 35 years, the government said Tuesday.
Gross domestic product (GDP)...
Rwandan government officials’ annual performance contracts focus on economic recovery
Rwandan local and central government leaders are to target economic recovery from the impacts of the COVID-19 pandemic through their performance contracts for the...
Ghana’s economy expands 4.9 percent in first quarter 2020
Ghana’s economy expanded 4.9 percent year-on-year in the first quarter of 2020 compared to 6.7 per cent in the same period last year, driven...
TUC: Businesses need massive stimulus package
Dr Kwabena Nyarko Otoo, the Director of Labour Research and Policy Institute, Trades Union Congress (TUC), has called on government to develop a comprehensive...
Nigeria records 1.87 percent GDP growth in first quarter
Nigeria's gross domestic product (GDP) in the first quarter (Q1) grew by 1.87 percent year-on-year in real terms, according to the quarterly data released...
Bank of Ghana maintains policy rate at 14.5 per cent
The Bank of Ghana has kept the policy rate unchanged at 14.5 per cent, citing risks to inflation outlook following the recent jump in...
Your 7% Average GDP Growth very useless: Economist chases Bawumia with 301 Questions in...
Bawumia
Bawumia
Bawumia
How many times have I called you?
Your utterances are getting gory at the altar of flimsy and frivolous political chauvinism. The fast fashioned...
Deputy Minister hails media’s impeccable role in sensitizing Ghanaians on Covid-19
Nana Ama Dokua Asiamah-Adjei, a Deputy of Information Minister, has hailed the impeccable role the media is playing in informing, educating and sensitizing...
Bank of Ghana lowers policy rate to 14.5 percent over coronavirus outbreak
Bank of Ghana has cut its policy rate by 150 basis points to 14.5 percent over fears the coronavirus outbreak could slowdown economic growth...
Nigeria sees 2.27 percent GDP growth in 2019
Nigeria recorded a 2.27 percent Gross Domestic Product (GDP) growth in 2019, according to data released Monday by the country's National Bureau of Statistics...
GRA gears up to exceed GH₵55 billion target
The Ghana Revenue Authority (GRA) has celebrated its success achieved in revenue collection for last year with a renewed energy to exceed the...
Saudi Arabia projects 2.3 percent GDP growth in fiscal 2020
Saudi Arabia on Thursday projected its GDP growth at 2.3 percent in the fiscal year 2020, the Saudi Press Agency reported.
In...
Effects of China-America trade war haunt undiversified African economies
As a global trade war rages, Africa fears contagion from lower commodity prices, according to the Institute of Chartered Accountants in England and Wales...
Ghanaian government targets 7.6 percent GDP growth in 2019
The Ghanaian government is targeting an overall real gross domestic product (GDP) growth of 7.6 percent in 2019, Finance Minister Ken Ofori-Atta said on...
China is capable of maintaining yearly 6 percent GDP
China is able to maintain annual GDP growth of 6 percent in the next 10 years, Justin Yifu Lin, former chief economist of the...
African bank seeks to help Somalia restore critical infrastructure
The African Development Bank Group (AfDB) said on Monday that it has approved the bank's Somalia Country Brief 2017-2020, under which it will help...
Tibet Records Double-digit GDP Growth Over a Period of 24 Years
Southwest China's Tibet Autonomous Region has reported double-digit GDP growth for 24 consecutive years, a remarkable achievement. This year, the region is still able...
Ghana makes economic gains in Q1 of 2017
Ghana's Gross Domestic Product (GDP), which measures economic growth, reached 6.6 percent during the first quarter, the Ghana Statistical Service (GSS) announced here on...
African Countries Urged To Bridge Huge Infrastructure Gap
The World Bank’s Africa’s Pulse says Africa can greatly increase its per capita Gross Domestic Product (GDP), if it is able to bridge the...
Ghana targets 6.3 percent GDP growth in 2017
The government of Ghana will work towards a 6.3-percent growth in gross domestic product (GDP) and a non-oil GDP growth of 4.6 in 2017,...
Eurozone Q4 GDP growth slightly revised down to 0.4 percent
The quarterly economic growth in the eurozone in the fourth quarter (Q4) 2016 was slightly revised down to 0.4 percent from a preliminary estimate...
US registered 0.5 economic growth fall in Q1
The economy grew at a slower-than-expected annual rate of just 0.5 percent in the quarter, the Commerce Department said Thursday.
It was the weakest pace...
Ghana’s recorded 3.9 percent GDP Growth Slow in 2015
"In constant terms, the 2015 revised annual growth is estimated at 34.8 billion cedis or 9.07 billion dollars, putting revised GDP growth rate for...
Automobile sales in Indonesia drops 5.5% in March, 2016
Car sales were recorded at 93,990 units last month, compared to 99,410 in the previous month, according to data from Indonesia's Automotive Industry Association...
China’s Economy Expected To Growth At 6.7%
The projection is on par with its last estimate in January. The bank has kept its projection for 2017 at 6.5 percent.
"China's orderly transition...
Economic Plunge Will Not Dampen Investment Spirit In Africa – DHL
Over the past few years, Africa has been top of mind for foreign business investment, often referred to as one of the last frontiers...
Indonesia To Woo Foreign Capital With Stimulus Package
"Logistical matter is one of the main points (to be included) in the policies," Indonesia's Chief Economic Minister Darmin Nasution said at the State...
Austrian economy picks new GDP of 0.3 percent
The institute had previously expected 0.8 percent growth for the entire year.
On a year-on-year basis, the Austrian economy grew an even larger 1.1...
Jaguar Presence in Slovakia may increase GDP growth
On the other hand, certain risks for the country's economy are presented by possible oil price developments and uncertainty surrounding the sales of Volkswagen...