In today’s era of industrialization, where all aspects of our lives are so dependent on electricity for the smallest chores like charging a mobile phone to powering industrial units, the idea of life without electricity or a single day with no electricity may be a terrible thought to some people, yet, this is so common…
As cited by the International Monetary Fund (IMF), the coronavirus pandemic has instigated a global economic downturn that the world has never experienced since the Great Depression. According to available statistics, not even the strongest of economies have been able to withstand the shocks associated with this economic downturn caused by the Pandemic. Just like…
As widely reported, the World Health Organization (WHO) declared the Novel Coronavirus (Sars-Cov 2) as a global pandemic on March 11th, 2020. While contagion was the main health impact, government decisions to contain the spread have consequential economic impacts in the short and long terms. China, the second-largest world economy and the purported source of…
The COVID-19 pandemic threatens hard-won gains in health and education over the past decade, especially in the poorest countries, a new World Bank Group analysis finds. Investments in human capital—the knowledge, skills, and health that people accumulate over their lives—are key to unlocking a child’s potential and to improving economic growth in every country. The…
More than US$500m to address the COVID-19 pandemic IFC, a member of the World Bank Group, committed US$5.6billion to private sector development in the Middle East and sub-Saharan Africa in fiscal year 2020, supporting businesses across the two regions to launch, grow, provide jobs and fight impacts of the global COVID-19 pandemic. In addition, IFC…
Finance Minister, Ken Ofori-Atta is expected to present the government’s mid-term budget review to Parliament on Thursday, while speculation is rife about the negative economic impact of the novel coronavirus on government projects and programmes. Mr. Ofori-Atta was engaged by a section of the media on his expectations and we must admit he gave a…
Huge revenue losses associated with the outbreak of COVID-19 and projected losses due to the impact of the pandemic has pushed government to downgrade its Gross Domestic Product (GDP) growth from 6.8 percent to 0.9 percent. This was announced by the Minister of Finance Ken Ofori Atta during the presentation of the Mid-Year Review of…
The Ghana Stock Exchange has recorded a total of more than 262.2 million traded shares valued at GH¢ 194 million in the first six months of 2020 amid the uncertainty of the coronavirus crisis. The performance, from January to June 2020, represents 107.9 per cent growth in volumes and 87.7 per cent in value traded…
Reveue generated from taxes on goods imported from other countries yielded only GH¢829.71 million in the first quarter of this year, 34 per cent short of the target. This is against a target of GH¢1.26 billion, a shortfall of GH¢427.55 million which represents 34.01 per cent, according to a provisional fiscal data released by the…
Technology giant, IBM Corporation has appointed Angela Kyerematen-Jimoh as Regional Head for North, East and West Africa where she will be responsible for IBM operations in over 40 countries in Africa including Morocco, Nigeria, Kenya, Senegal, Uganda, Ghana and Tunisia. Before her appointment, Ms. Kyerematen-Jimoh was Chief of Staff to the Senior Vice President in…
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