African sovereigns’ border closures and broader lockdown measures have significantly slowed small-scale trade across Africa, a crucial source of income and employment on the continent
Recovery will be slow and there is a risk of longer-term scarring from the crisis
Falling revenues from economic slowdown, spending on measures,...
Todaro & Smith (2006, p.811) define economic growth as “The steady process by which the productive capacity of the economy is increased over time to bring about rising levels of national output and income”.
Economic growth means an increase in an economy’s output of goods and services in a particular...
The performance of stock markets, especially in the United States, during the coronavirus pandemic seems to defy logic. With cratering demand dragging down investment and employment, what could possibly be keeping share prices afloat?
The more economic fundamentals and market outcomes diverge, the deeper the mystery becomes, until one considers...
Ghanaian consumer confidence declines by 15 points
Nigerian sentiment also experiences a significant decline
Against a backdrop of the unprecedented COVID-19 pandemic, West African consumer sentiment has experienced a sharp drop in the Nielsen Consumer Confidence Index (CCI) for Quarter 2, 2020. Ghana’s figures show a substantial decrease of...
tighten tax laws on public servants’ benefits
curtail unwanted exemptions
The Tax Justice Coalition Ghana (TJC-Ghana) has called on government to intensify its efforts at mobilising domestic revenue to help fill the revenue gap, considering the big financing gap that has resulted from the COVID-19 pandemic.
According to the coalition,...
…as NPLs begin to inch up
Banks and other financial institutions face the risk of seeing their loan defaulters increase this year, as data from the Bank of Ghana shows the Non-Performing Loans (NPLs) have started rising due to the challenging business environment brought on by the coronavirus pandemic.
After declining...
Central banks are starting to experiment with negative interest rates to stimulate their countries’ economies
Money has been around for a long time. And we have always paid for using someone else’s money or savings. The charge for doing this is known by many different words, from prayog in ancient...
… as 18 companies, six individuals win major awards at 2020 manufacturing awards
Robert Ahomka-Lindsay, Deputy Minister of Trade and Industry, has said government is ready to reposition the manufacturing sector to help lead the economic revival of the country as plans are far afoot for a post COVID-19 economy.
Speaking...
The Kenyan shilling is expected to trade on the back foot this week while that of Tanzania is seen strengthening and the Nigerian, Ugandan and Zambian currencies holding steady.
KENYA
The Kenyan shilling could come under pressure this week due to U.S. dollar demand from the energy and manufacturing sector...