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Covid

Malaysia sets daily virus cases record but death toll remains low

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Malaysia recorded 1,884 new cases of the novel coronavirus on Monday, the Health Ministry announced, the most of any day since the virus emerged. Two...
Covid

Philippine economy shrinks for third straight quarter amid Covid

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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)...
Mr Alan Kyerematen

Ghana is ready for AfCFTA-Trade Minister

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The Minister of Trade and Industry, Mr Alan Kyerematen, says Ghana is ready to take advantage of the African Continental Free Trade Area (AfCFTA). He...
Tuna Fishing

Unavailability of anchovies affecting Tuna fishing – NAFAG

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The unavailability of adequate quantities of live anchovies as baits for fishing tuna is significantly affecting the operations of Pole and Line vessels, the...
Kenneth Kwamina Thompson

SMEs are the backbone of Ghanaian economy – Dalex

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Mr Kenneth K. Thompson, Chief Executive Officer of Dalex Finance, on Monday asserted that Small and Medium Enterprises (SMEs) are the backbone of the...
GDP

Covid-19 causes largest-ever GDP fall for New Zealand

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New Zealand's gross domestic product (GDP) has suffered its largest fall on record as the economic impact of Covid-19 hit, the government's official...
Professor Samuel Kobina Annim

Ghana’s economy contracts 3.2 per cent in Q2 2020 due to coronavirus

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Ghana’s year-on-year economic growth rate contracted 3.2 per cent in the second quarter of 2020 compared to 5.7 per cent for the same period...
GDP

Italy’s GDP drops 12.8 percent in quarter

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Italy's gross domestic product (GDP) dropped by 12.8 percent in the second quarter of 2020 compared to the previous quarter, the National Institute...
John Dramani Mahama

Small-scale mining will be transformed under NDC-led government – Former President Mahama

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Former President and Flag-bearer of the National Democratic Congress (NDC), Mr. John Dramani Mahama, has hinted of plans by the party to introduce small-scale...
President Cuts Sod For E M Elmina Fishing Port

President cuts sod for €85 Million Elmina fishing port

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The President, Nana Addo Dankwa Akufo-Addo on Thursday begun his three-days working visit to the Central Region with a sod-cutting ceremony to commence the...

Political will is critical to address over fishing – Prof. Akpalu

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A Natural Resources Economist says Ghana will need more political will to address issues of over fishing and depleting of stock catches in the...
Chairman Of The Ghana Chamber Of Construction Industry Emmanuel Martey

Ghana needs to exploit well-planned infrastructure investment opportunities- Construction Chamber

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Ghana needs to take advantage of the opportunities that a well-planned infrastructure investment offers to develop a buoyant economy and to compete in the...
GFA Logo

Ghana FA appoints Randy Abbey, two others on Ad-hoc Committee

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The Ghana Football Association (GFA), has appointed Dr. Ransford Abbey and two others to put together a Strategic Business plan for the association on...
Mr Kyei Kwadwo Yamoah

Government urged to stop pair trawling in Ghanaian waters

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Friends of the Nation (FoN), a non-governmental organization(NGO), has called on the government to help stop illegal pair trawling by foreign vessels in Ghanaian...
Britain

Britain plunges into recession after record second-quarter fall

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The British economy is in recession after contracting a record 20.4 per cent in the second quarter as the coronavirus crisis took hold, the...
gold

Tanzania urges financial institutions to support artisanal mining

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The government of Tanzania on Sunday urged banks and other financial institutions in the east African nation to issue loans to artisanal miners to...
Africa Union Commission

Researchers call on heads of Africa to invest in research and innovation

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Researchers at a virtual meeting on Funding and Investing in Research and Innovation for Health in Africa, has called on continental leaders to invest...
Ghana Parliament-

Government seeks parliament’s approval for GH¢11.8bn supplementary budget

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The Minister of Finance, Ken Ofori-Atta, on Thursday requested Parliament to approve more than GH¢11. 8 billion to support government’s expenditure for remaining months...
Gross Domestic Product (GDP)

Namibia’s US$5.4 billion development expenditure positions country as a regional hub

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Namibia's development expenditure of 90 billion Namibian dollars (5.4 billion U.S. dollars) in 30 years has strategically positioned it as a southern Africa transport...
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...
Trades Union Congress of Ghana (TUC-Ghana)

TUC: Businesses need massive stimulus package

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Dr Kwabena Nyarko Otoo, the Director of Labour Research and Policy Institute, Trades Union Congress (TUC), has called on government to develop a comprehensive...
Alex Oxfarm

Economic Impact of COVID-19: Ghana’s Fiscal deficit to increase from GHȼ18.9bn to GHȼ 30.2bn...

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The Fiscal Policy Lead at Oxfam Ghana, Dr. Alex Ampaabeng has predicted Ghana’s Fiscal deficit for the year 2020 to increase from a programmed...
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...
Mrs Kosi A Yankey Ayeh Executive Director Nbssi

Ghana can dream again – Coronavirus Alleviation Programme Business Support Scheme: Win-Win for All!

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The GHS1 Billion Coronavirus Alleviation Programme (CAP) Business Support Scheme launched by His Excellency President Nana Addo Dankwa Akufo-Addo on Tuesday, 19th May, 2020...
Gross Domestic Product (GDP)

Nigeria records 1.87 percent GDP growth in first quarter

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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...
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...
Vice President Mahamudu Bawumia

Akufo-Addo Administration doing better in crisis management- Veep

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Vice President Mahamudu Bawumia Monday said the Government is showing better leadership skills in managing the economy and alleviating the plight of the plight...
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...
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...