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AfCFTA plan to ride out crippling coronavirus crisis, says Vera Songwe

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Africa has a more robust tool in the African Continental Free Trade Area (AfCFTA) to use in accelerating regional and economic integration and prepare...
Bank of Ghana

BoG expresses worry about widening budget deficit due to COVID-19

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Dr Ernest Addison, the Governor of the Bank of Ghana, has expressed worry about the widening budget deficit due to the coronavirus pandemic, saying...
Genevive Ocansey Mining

MINING SECTOR DURING ECONOMIC CHALLENGES – Ghana and Emerging Markets

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Ghana was called the Gold Coast prior to independence because of its rich deposits of gold and other minerals. Till date those rich natural...
imf

IMF revises down global economy forecast, warns of record debt levels

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The International Monetary Fund (IMF) has revised down its forecast for the global economy amid mounting COVID-19 fallout, warning of record debt levels in...
Entrepreneurship

Government urged to support informal sector

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Mr Kofi Oppong, the Manager of Cosby 1 Fashion College at Madina in Accra, has called on the Government to streamline existing policy measures...
ICT sector

Nigeria’s ICT sector accounts for 14.07 percent of GDP in Q1

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Nigeria's information and communications technology (ICT) sector has contributed 14.07 percent to the country's Gross Domestic Product (GDP), said the Minister of Communications and...
Mapping Africa

Knowing Africa: A brief profile of some countries

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As Ghana joins in the celebration of the 2020 African Union Day, we submit here a brief profile of some of the countries: Country: Angola Angola...
SEND-Ghana

Put more money into social protection -Ghanaians demand in new survey ahead of 2020...

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The coronavirus pandemic, which is ravaging the world has shown, yet again, the critical need to invest in social protection as a country. As...
Golden Tulip

Covid-19: Tourism Federation happy with government’s stimulus package

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The Ghana Tourism Federation (GHATOF), the umbrella body for the hospitality, leisure and tourism industry, has embraced the government’s GH¢1 billion stimulus package to...
Bank of Ghana

Bank of Ghana maintains policy rate at 14.5 per cent

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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...

Sustainable future for Ghana’s fishing sector

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Fishing makes a substantial contribution to Ghana’s economy and employment, sustaining the livelihoods of at least three million people, including half a million women. ...
Market in Ghana

COVID–19: Injects GHS18b into economy to mitigate losses -TUC to government

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The Trades Union Congress (TUC) is asking the government to inject about GHS 18 billion into the various sectors of the economy to help...
Airport Residential Area Accra

Ghana’s Economic Outlook For 2020

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Ghana’s economic outlook is not healthy, according to the key economic indicators. The most critical indicators are interest rate, inflation, exchange rate and debt accumulation as...
Uk Lockdown

UK economy could suffer deepest recession in a century as lockdown extended

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As the lockdown in Britain remains in place for at least another three weeks without a clear exit strategy, economists said the country's...
Covid

Uganda procures mobile laboratories to accelerate COVID-19 tests

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Uganda has procured two mobile polymerase chain reaction (PCR) laboratories to accelerate COVID-19 tests on cross-border cargo drivers, a health official said Saturday. The PCR...
IMF

Global debt estimated to reach 96.4 percent of GDP in 2020

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Global debt is estimated to increase by 13 percentage points to reach 96.4 percent of gross domestic product (GDP) in 2020, as the COVID-19...
banks

South African Reserve Bank predicts GDP to contract by 6.1 percent

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The South African Reserve Bank (Sarb) on Tuesday said they expect the country's gross domestic product (GDP) to contract by 6.1 percent owing to...
Food Scarcity Danger Looming

Food Scarcity Danger Looming: Are We Prepared ?

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Today, lots of people have realized the important of agriculture. Since the days of yore, this sector has played a significant role in improving...

Ghana Hotels Association calls for reduction in taxes

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The Ghana Hotels Association has called on government to temporarily suspend taxes on the hospitality industry to enable them to survive in the current...
World Bank

COVID-19 might leave adverse impact on Indian economy

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The World Bank (WB) on Sunday in its latest report stated that the ongoing novel coronavirus (COVID-19) might leave a drastic impact on Indian...
Shada Islam

Yesterday’s aid and trade policies won’t work for tomorrow’s problems

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Better late than never. After weeks of neglect, the global spotlight is finally on Covid-19’s devastating social and economic impact on the world’s most...
ECA

African governments must review their budgets -ECA

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The Economic Commission for Africa (ECA) has suggested African governments to review their budgets to reprioritise spending towards mitigating the expected negative impacts from...

Ghana’s industrial drive given wide-ranging analysis

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Ghana’s efforts to put its economy on a more sustainable path by introducing a raft of wide-ranging reforms across the banking sector are mapped...
Gross Domestic Product (GDP)

Nigeria sees 2.27 percent GDP growth in 2019

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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...
Gross Domestic Product (GDP)

Tanzania says mining to contribute 10 percent of GDP by 2025

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Tanzanian Prime Minister Kassim Majaliwa said on Sunday the country's mining sector was expected to contribute 10 percent to the gross domestic product (GDP)...
Youth Employment Agency

Government working to reduce persistent youth unemployment – YEA

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Ms Sarah Afful, the Central Regional Director of the Youth Employment Agency (YEA) has given the assurance that Government is working assiduously...
Gross Domestic Product (GDP)

Kenya to cut fiscal deficit to 3 percent by 2023 from current 6.3 percent

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Kenya is targeting to cut its fiscal deficit from the current 6.3 percent of the gross domestic product (GDP) to 3 percent by 2023,...
Gross Domestic Product (GDP)

UK GDP growth flat in Q4 amid Brexit uncertainty

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Britain's gross domestic product (GDP) growth was flat in the final quarter last year, marking a difficult period for the country's economy largely thanks...
US President describes impact of Paris Accord

White House budget proposal aims to close deficit in 15 years

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The White House on Monday unveiled a budget proposal for next fiscal year that would cut major domestic programs, claiming that solid economic growth...
Bank of Ghana

Bank of Ghana keeps policy rate unchanged at 16 percent

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The Bank of Ghana kept its Policy Rate unchanged at 16.0 percent for the sixth meeting in a row as the Monetary Policy Committee...