Economy

The Board of KGL Technology Limited, in consultation with the leadership of both the National Lottery Authority(NLA) and Association of Lotto Marketing Companies(ALMC), has partnered to set up a welfare fund to assist lottery operators. The welfare fund is primarily aimed at availing money to be accessed solely by all...

Last month the price of gold hit a record high, pushing above $2,000 (£1,575) an ounce. While this price rise was driven by gold traders, it begs the question about the supply of the precious metal, and when it will eventually run out. Gold is in hot demand as an investment,...

Until COVID-19, many people in the developing world felt good about their futures. Overall, developing countries had recovered quickly from the 2009-10 Great Recession, and many – especially in Africa and Latin America – were enjoying the benefits of China’s ever-growing demand for oil, minerals, and agricultural commodities. Expectations...

The essence of this article is to draw the attention of key stakeholders in the political economy of Ghana, more importantly, to have an intellectual discourse on the recent trend of monetisation in our body politics. The politics of monetisation, for the purposes of this article is the practice whereby...

The US dollar has now entered the early stages of what looks to be a sharp descent. The dollar’s real effective exchange rate (REER) fell 4.3% in the four months ending in August. The decline has been even steeper as measured by other indexes, but the REER is what...

The Monetary Policy Committee (MPC) of the Bank of Ghana(BoG) has maintained the policy rate at 14.5 percent for the third consecutive time this year. The decision, according to the MPC was taken to control inflationary threats and maintain price stability. “The Committee’s view is that risks to the immediate outlook...

The British Prime Minister has called on nations to make ambitious commitments to secure the planet for the next generation as he addressed a UN Climate Action Roundtable hosted by the UN Secretary-General. Boris Johnson attended the virtual roundtable to push for action on climate change and to chart a...

An estimated US$400 million or more is expected to be used to address the ravaging Cocoa Swollen Shoot Virus Disease (CSSVD), and overaged or moribund cocoa farms, which have significantly affected the country’s cocoa production for some time now. According to the Ghana Cocoa Board (COCOBOD), about 40 percent of...

Quartey calls for consumption of Made in Ghana goods to revive sector If there is any sector that was not spared the ruins of the coronavirus pandemic, then, the manufacturing sector cannot be overlooked, as new data shows it has experienced its biggest contraction in more than six...

The Board of KGL Technology Limited, in consultation with the leadership of both the National Lottery Authority(NLA) and Association of Lotto Marketing Companies(ALMC), has partnered to set up a welfare fund to assist lottery operators. The welfare fund is primarily aimed at availing money to be accessed solely by all...