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Gross Domestic Product (GDP)

Asian Development Bank forecasts Cambodia GDP to grow 4 percent

Cambodia's gross domestic product (GDP) is set to return to growth in 2021, the Asian Development Bank forecast on Wednesday. Cambodia, which enjoyed annual GDP...
Adu Koranteng

Adu Koranteng Writes: Ghana Needs Debt Service Suspension

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The debt to Gross Domestic Product (DBT/ GDP) currently is around 76 percent according to figures released by the government of Ghana though this...
Mining

Mining communities unhappy about utilisation of mining revenue

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Despite the huge revenue generated in the mining sector, many mining communities in the country remain under-developed. In 2016, Parliament...
Wpid Money Growth

Vietnam’s first-quarter economic growth reaches 4.5 percent

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dpa/GNA - Vietnam's gross domestic product (GDP) grew by 4.48 per cent in the first quarter of 2021 compared with the same period...
Gross Domestic Product (GDP)

Irish economy could pick up this year, but unemployment set to linger

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dpa/GNA - Ireland's economy could recover "quite strongly" from pandemic-related curbs in 2021, but employment is unlikely to bounce back for at least...
Global Economy

Pandemic lockdowns leave US$10 trillion hole in global economy

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dpa/GNA - A stronger-than-expected rebound this year will still leave the world down an estimated 10 trillion dollars due to the coronavirus pandemic and...
China Map

China’s “two sessions” offer new impetus and inspirations for global development

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In the past few days, China's annual "two sessions" have attracted much global attention, with the international community watching closely where the world's second...
Gross Domestic Product (GDP)

Total revenue and grants projected at GH¢72,452 million

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Total Revenue and grants for 2021 is projected to rise to GH¢72,452 million, equivalent to 16.7 per cent of Gross Domestic Product (GDP), up...
Afcfta Accra Headquarters

Impact of African Continental Free Trade Area agreement on Africa’s energy sector

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The African Continental Free Trade Area agreement (AfCFTA) will constitute the world’s largest free trade area, consolidating an integrated market of 1.3 billion consumers...
agricultural productivity

Subsistence farming still dominates the agriculture sector

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Farmers who cultivate crops and forest tree production on two acres and below still dominate the agriculture sector, the Ghana Census of Agriculture (GCA)...
Gross domestic product

New lockdown puts brakes on German recovery with marginal fourth quarter growth

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dpa/GNA - Germany's rebound from an unprecedented slump due to the coronavirus pandemic ground to a near halt in the final quarter of...
Gross Domestic Product (GDP)

Philippine economy shrank 9.5 percent in 2020, worst since 1984

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dpa/GNA – The Philippine economy contracted by 9.5 per cent in 2020, the worst performance in three decades, mainly due to the impact...
Nzulezo

Beyin-Nzulezo Tourist Receptive Facility Commissioned

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The Ghana Tourism Authority as part of its product development, has commissioned the Beyin-Nzulezo Tourist Receptive Facility at Beyin in the Jomoro Municipality. The move,...
Singapore

Singapore economy shrinks by almost 6 percent in 2020

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dpa/GNA - Official estimates released on Monday by the Ministry of Trade and Industry show Singapore's gross domestic product (GDP) contracting by a less-than-expected...
Afcfta Accra Headquarters

AfCFTA kickstarts trading tomorrow January 1, 2021

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Trading under the African Continental Free Trade Area (AfCFTA) would begin on January 1st 2021, with a market of 1.2 billion people and a...
Mr John Okyere

Less than two million Ghanaians pay tax

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About 1.5 million out of the six million eligible Ghanaian tax payers pay tax, allotting Ghana one of the lowest Tax to Gross Domestic...
Gross Domestic Product (GDP)

Ghana’s economy contracts 1.1 per cent in third quarter 2020

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Ghana’s economy contracted by 1.1 per cent year-on-year in the third quarter (July to September) of 2020 compared to the same period in 2019...
Mr Samuel Sakyi Duodu

Effective collaboration needed for tax compliance – GRA

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Mr Samuel Sakyi Duodu, Kumasi Area Manager of the Ghana Revenue Authority (GRA), has stressed the need for effective collaboration between the private sector...
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...