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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...
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...
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)...
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,...

Ghanaian economy has shown toughness despite global economic meltdown-Prof. Quartey

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Professor Peter Quartey, the Director at the Institute of Statistical, Social and Economic Research (ISSER), University of Ghana, says the Akufo-Addo’s administration deserves plaudit...

Ghana must strive for vibrant manufacturing base, stabilization of the Cedi – Chartered Economist

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A Chartered Economist, Mr. Emmanuel Amoah-Darkwah, has advocated the allocation of more resources to strengthening government’s flagship programmes intended to transform the manufacturing base...
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...

Israel to support tourism and agriculture development in Volta Region

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Ms Shani Cooper, Israeli Ambassador to Ghana, Liberia and Sierra-Leone has pledged the support of the Israeli Government to...
Market in Ghana

Ghana’s economy grew 5.6 percent in third quarter of 2019

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The country’s economy grew a provisional 5.6 per cent for the third quarter of 2019 year-on-year compared to the 7.4 per cent recorded in...

Hollard Ghana, Vivo Energy take insurance to customer’s doorstep

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Considering the low penetration of insurance services in Ghana, which is said to be just a little over one percent (1%) of the country’s...
GDP

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

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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...
Ken Ofori-Atta, Minister of Finance

TUC wants gap between macroeconomic stability and living standards bridged

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The Trades Union Congress, in its analysis of the 2020 Budget, has urged the Government to work to address the weak link between...
GDP

Public firms’ assets represent 45 percent of Angola’s GDP

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Angola's Secretary of State for Budget and Public Investment, Aia-Eza da Silva, on Thursday said the assets of the public companies represent around 45...
Bank of Ghana

Ghana government misses fiscal deficit target

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Provisional data on the execution of the 2019 budget shows, the government has missed its fiscal deficit target for the first seven months. According to...
oil palm

Oil Palm Association holds 1st Annual General Meeting

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The Oil Palm Development Association of Ghana (OPDAG) on Wednesday held its first ever Annual General Meeting & National Oil Palm Stakeholders Forum here...
Ghana Revenue Authority

GRA marries PRINGAG to help boost Ghana’s revenue mobilization

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The Commissioner-General of the Ghana Revenue Authority (GRA), Mr. Emmanuel Kofi Nti, has reiterated his outfit’s commitment to working assiduously to improve the country’s...
Mr Alex Mould

Ghana’s Debt-to-GDP not best approach to measure debt level

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Financial expert and former boss of the Ghana National Petroleum Corporation (GNPC), Mr Alex Mould has raised concerns on the country’s debt to Gross...
Alex Mould

Alex Mould Caution Ghana Government on Loans Usage

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Former Chief Executive Officer of Ghana National Petroleum Corporation (GNPC) has called on government to be transparent with the use of loans which accrued...

Ethiopia’s R&D spending accounts for only 0.27 percent of GDP

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Ethiopia's expenditure on research and development only accounts for 0.27 percent of the country's gross domestic product (GDP), a government study said on Wednesday. ...
Airteltigo Business

AirtelTigo Business Transformation scheme for SMEs in Ghana

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In the central business districts of Accra, Tamale, Takoradi, Kumasi and other regional capitals of Ghana, start-ups as well as established Small and Medium...
Insurance

Ghana’s Insurance Industry Contributes Very Little to Ghana’s GDP

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Government has charged the National Insurance Commission (NIC) to strive to play its regulatory role effectively to bring vibrancy to the insurance industry. “The Commission...
Fuel Economy

Kenya’s economy to expand by 6.5 percent in 2019

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Kenya's economy is expected to expand by between 6.5 and seven percent in 2019, economic experts said on Thursday. Metropol CEO Sam Omukoko told a...
Wpid Money Growth

Nigeria: GDP Figures Suggests Economy is in Good Shape

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The Nigerian government said Wednesday that the country's economy was firmly on the path of growth, as its latest gross domestic product (GDP) figures...