There are signs of imminent global recession as the COVID-19 pandemic causes serious economic damage across the world. Ghana is expected to grow 1.5 percent in 2020 according to the government and International Monetary Fund (IMF). Fitch, a rating agency, however expects the economy to do slightly better with...
Governments around the world are responding forcefully to the COVID-19 crisis with a combined fiscal and monetary response that has already reached 10% of global GDP. Yet according to the latest global assessment from the United Nations Department of Economic and Social Affairs, these stimulus measures may not boost...
Food security in sub-Saharan Africa is under threat. The ability of many Africans to access sufficient, safe and nutritious food to meet their dietary needs has been disrupted by successive natural disasters and epidemics. Cyclones Idai and Kenneth, locust outbreaks in eastern Africa, and droughts in southern and eastern...
The economic consequences of the COVID-19 pandemic could push rural families even deeper into poverty and threaten global prosperity and stability
The economic impact of the COVID-19 pandemic has led to the loss of millions of jobs in the developed and developing world. Migrant workers are among the most directly...
In my previous article, I sought to educate and draw the attention of resident individuals in Ghana to the various already existing personal reliefs that are enshrined in the Income Tax Act (2015) Act 896 (as amended), which since 01 January 2020 have significantly increased the amount of reliefs...
A report by the Sekondi-Takoradi Chamber of Commerce and Industry (STCCI) has shown that businesses in Western Region have been badly affected by the coronavirus pandemic, as about 90 percent of them have been hit one way or the other.
According to the Business Condition Report (BCR) Quarter 1, 2020,...
President Nana Addo Dankwa Akufo-Addo, has indicated that better roads should be the catalyst for national development and not an instrument of death and pain, cautioning motorists to be extra careful and disciplined on the highways and resist the temptation of over-speeding.
He said it is time accidents in the...
The Social Security and National Insurance Trust (SSNIT) has finally resolved its long-standing battle with pensioners over disagreements on Past Credit owed the latter ever since the three-tier Pension Scheme Act 766 was implemented.
A press release from SSNIT stated that it has released GH¢59,612,321 which hit the accounts of...
The general price levels of goods and services, according to Ghana Statistical Service, have further increased in the month of May - following price hikes by traders due to the coronavirus pandemic effects.
General prices increased by 0.7 of a percentage point over the previous month, as it recorded 11.3...
GH¢17.8bn to be borrowed
Only GH¢2bn in fresh issuance
Government plans to borrow a total of GH¢17.8billion between June 20 to August 20, but 89% of the debt, GH¢15.8billion, will be used to roll-over maturing loans, with only GH¢2billion in fresh issuances.
According to the Ministry of Finance’s issuance calendar,...