No Result
View All Result
Thursday, May 19, 2022
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Agribusiness Chamber demands resignation of Agric Minister over sector woes

    BoG Governor confident inflation has peaked; expects rate to start declining

    ActionAid Ghana Appoints John Nkaw as Country Director

    BoG’s inflation targeting framework can’t reduce rise in inflation – IEA

    Monetary Policy Rate must be increased to 19% to check inflation – IEA

    6th CEO’s Summit pushes for ease of doing business law to boost economic growth

    Policy rate likely to be increased to tame inflation – Databank CEO

    Banking Consultant bemoans continuous charging of unfair fees by banks

    Chamber of IPPs disappointed over ECG’s tariff increase request

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport
    Victor Yaw Asante, FBNBank Ghana MD

    Banks will continue to innovate to meet customers’ expectations – FBNBank’s MD

    6th CEO’s Summit pushes for ease of doing business law to boost economic growth

    Policy rate likely to be increased to tame inflation – Databank CEO

    Banking Consultant bemoans continuous charging of unfair fees by banks

    Chamber of IPPs disappointed over ECG’s tariff increase request

    A comprehensive storage strategy will deal with post – harvest losses & inflation – CSIR

    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

    NPA allays fears of fuel scarcity in the country

    Fuel prices to rise marginally in second pricing window of May – IES

    Gov’t to put measures in place to reduce ‘imported inflation’ – Ofori-Atta

  • TECHNOLOGY

    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

    Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant

    BoG cautions against fraudulent money-doubling scheme ‘BitCash Currency Exchange’

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

    Seth Terkper advises against e-levy; urges government to run to IMF

    AfCFTA members conclude negotiations on rules of origin to enhance free trade

    Implement strategies to sustain increased consumer preference for digital payments – Bawumia

    Strict enforcement of AfCFTA regulatory framework will ensure smooth implementation of PAPSS – Bawumia 

    President of Cote d’Ivoire Alassane Ouattara meets Eni’s CEO Claudio Descalzi

  • FEATURES
  • Videos
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Agribusiness Chamber demands resignation of Agric Minister over sector woes

    BoG Governor confident inflation has peaked; expects rate to start declining

    ActionAid Ghana Appoints John Nkaw as Country Director

    BoG’s inflation targeting framework can’t reduce rise in inflation – IEA

    Monetary Policy Rate must be increased to 19% to check inflation – IEA

    6th CEO’s Summit pushes for ease of doing business law to boost economic growth

    Policy rate likely to be increased to tame inflation – Databank CEO

    Banking Consultant bemoans continuous charging of unfair fees by banks

    Chamber of IPPs disappointed over ECG’s tariff increase request

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport
    Victor Yaw Asante, FBNBank Ghana MD

    Banks will continue to innovate to meet customers’ expectations – FBNBank’s MD

    6th CEO’s Summit pushes for ease of doing business law to boost economic growth

    Policy rate likely to be increased to tame inflation – Databank CEO

    Banking Consultant bemoans continuous charging of unfair fees by banks

    Chamber of IPPs disappointed over ECG’s tariff increase request

    A comprehensive storage strategy will deal with post – harvest losses & inflation – CSIR

    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

    NPA allays fears of fuel scarcity in the country

    Fuel prices to rise marginally in second pricing window of May – IES

    Gov’t to put measures in place to reduce ‘imported inflation’ – Ofori-Atta

  • TECHNOLOGY

    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

    Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant

    BoG cautions against fraudulent money-doubling scheme ‘BitCash Currency Exchange’

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

    Seth Terkper advises against e-levy; urges government to run to IMF

    AfCFTA members conclude negotiations on rules of origin to enhance free trade

    Implement strategies to sustain increased consumer preference for digital payments – Bawumia

    Strict enforcement of AfCFTA regulatory framework will ensure smooth implementation of PAPSS – Bawumia 

    President of Cote d’Ivoire Alassane Ouattara meets Eni’s CEO Claudio Descalzi

  • FEATURES
  • Videos
No Result
View All Result
Citi Business News
No Result
View All Result

Algeria: Report On MDGs – Algeria’s Development Strategy Meets Expectations of Population

bycitibusinessnews
October 26, 2016
in Africa, North Africa
Share on FacebookShare on TwitterShare on Whatsapp

Algeria’s development strategy, implemented during the last fifteen years, allowed the country “significantly” meet the population’s accumulated and renewed expectations, said Algeria’s 2000-2015 report on Millennium Development Goals (MDGs).

Adopted in a context marked by an improved security situation thanks to the national reconciliation policy launched by President of the Republic Abdelaziz Bouteflika, the development strategy implemented during the last fifteen years “allowed the country to significantly meet the population’s accumulated and renewed expectations,” stressed the report released on the occasion of the anniversary of the Algerian Diplomacy Day and the United Nations Day.

In the chapter on the evolution of the socioeconomic situation in 2000-2015, the report affirmed that the Algerian strategy, “based on an unprecedented investment effort, i.e. nearly 30% of the GDP per year, resulted in the implementation of four major development plans aiming at supporting economic recovery, boosting growth, modernizing economic and social infrastructures and backing development of the High Plateaus region and the South.”

ADVERTISEMENT

“The economic and financial performance between 2000 and 2015 reflects the relevance of this strategy,” the document noted.

According to the report, the financial upturn achieved through the increase in oil prices “strengthened public authorities’ commitment to taking political decision that resulted a genuine impetus, like advance repayment of foreign debt, the consolidation of financial capacities both in terms of foreign currency reserves and public funding capacities. Actually, these factors helped preserve balanced budgets for the implementation of socioeconomic development programs throughout this period.”

At the economic level, the report indicated that the “annual growth increased by 3.7% and non-oil GDP grew by 6%, with a peak of nearly 10% in 2009.”

The document also said that this growth is “globally diversified, as all non-hydrocarbon sectors have observed a significant variation in their added value, a moderate inflation rate (3.9% annually), and intensive jobs; unemployment has fallen sharply (from 29.8% in 2000 to 11.2% in 2015).”

After recording a 3.8% growth rate between 1999 and 2005, thanks to high prices, the Hydrocarbon sector “faced fall in world demand since 2006.”

The hydrocarbon sector has thus recorded “negative growth” over the period 2005-2014.

Its share in the GDP has therefore decreased from over 45% in 2006 down to 27.1% in 2014, said the report which affirmed that this sector “remains the primary source of revenues to the economy, which constitutes a factor of vulnerability because of price volatility.”

As for industry, the report said that this sector, though its share in the GDP fell since several years, has recorded “an annual significant growth of 4.1% over the period 2000-2015.”

Regarding the construction sector, the report notes that its performance is particularly linked to major investment programs launched in housing and public works.

Over the last 15 years, up to “3 million families got access to new houses, fully or partially funded by the State, which increased the housing stock from 5.4 million in 2000 to 8.5 million in 2015.”

Regarding the public works, the report cited the three Leading Plans by 2025 on Roads, Highways, Airports and Maritime Facilities.

It chiefly mentioned the construction of 1,142 km East-West Highway and the improvement of the railway network which increased, between 2000 and 2013 from 1,739 km to nearly 4,000 km.

Concerning the agriculture sector, the report highlighted the policy of agricultural reform, which allowed the extension of arable soils, the redevelopment of farms and large areas reforestation.

The policy has also allowed the modernization of farming tools, the stabilization of the rural populations through the creation of jobs, the document said.

The report on the MDGs said that the private sector contribution to the wealth and employment creation in Algeria is “increasingly important,” representing 59.5% of the national value added in 2014, against 41.7% in 2000.”

Outside hydrocarbons, the share hit nearly 86% in 2014, against 74.8% in 2000 and the private sector contributes in 59% of job creation overall.

–

Credit: All Africa

Related Posts

Manufacturing

Standard of cars assembled in Ghana will not be compromised – GSA assures

byEllen Dapaah

The Ghana Standards Authority has pledged its commitment to making sure that standards for vehicle assembly and production in Ghana...

Read more

GUTA urges gov’t to get other countries to open their borders to facilitate trade

Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

Seth Terkper advises against e-levy; urges government to run to IMF

AfCFTA members conclude negotiations on rules of origin to enhance free trade

Implement strategies to sustain increased consumer preference for digital payments – Bawumia

Next Post
Some participants during the launch of the Shared Growth

Barclays launches Shared Growth to create employment

Video on Demand: Business Weekly

ADVERTISEMENT
Citi Business News

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.

Navigate Site

  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

Follow Us

No Result
View All Result
  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.