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    African governments tasked to look within the continent in their bid for transformation

    COCOBOD closes purchases for 2021/2022 main crop cocoa season

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

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    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

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    Government to invest heavily in internet safety – Ursula pledges

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

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    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

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Growth in sub-Saharan Africa to rise to 2.9 percent — World Bank

January 17, 2020
in Business, News, West Africa
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Growth in sub-Saharan Africa is expected to rise to 2.9 percent in 2020, the World Bank said Tuesday in its January 2020 Global Economic Prospect report.

The bank cited improved investor confidence in some large economies, easing of energy hurdles, a rise in oil production, which led to a recovery in oil exporters, as indicators.

It also mentioned robust growth among agricultural commodity exporters within the region.

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This is a weak forecast than previously expected reflecting softer demand from key trading partners, lower commodity prices and adverse domestic developments in several countries.

In South Africa, growth is expected to pick up to 0.9 percent. In Nigeria, growth will likely edge up to 2.1 percent while Ghana is expected to accelerate to 6.8 percent.

Kenya’s growth is seen scaling up to 6 percent.

In the West African Economic Monetary Union, growth is expected to be steady at 6.4 percent, the Bretton Wood institution said.

Tags: Economic GrowthGDPWorld Bank
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