The Head of Research and Chief Economist at Absa Bank, Jeff Gable, is billed to speak at the Citi Business Festival’s Cedi Summit slated for June 27, 2022.
Mr. Gable will speak on the topic – “The Global Economy: Challenges & Prospects” at the economic summit being organised by Citi TV/Citi FM.
He will join two other speakers of repute in the world of banking, economics and law: Prof. Peter Quartey, the Director of the Institute of Statistical Social and Economic Research (ISSER) and David Ofosu-Dorte, a Senior Partner AB & David Law Firm.
Other panelists expected to speak at the summit are; Humphrey Ayim Dake, the President of the Association of Ghana Industries, Dr. Yaw Ansu, an advisor to the Minister of Finance, Dr. Maxwell Opoku Afari, 1st Deputy Governor, Bank of Ghana, Dr. Ama Pokua Fenny, Economist & Senior Research Fellow at ISSER and Abena Osei-Poku, the Managing Director at Absa.
The one-day Economic Summit being organized by Citi TV in partnership with the Institute of Statistical, Social and Economic Research (ISSER) and Absa Bank Ghana, as part of the 2022 Citi Business Festival, seeks to put global developments in their proper perspective by discussing their effects on economies and economic actors, analyzing the various policy response options open to governments, and examining the feasibility and implications of possible solutions for African economies and the Ghanaian economy in particular.
The Global Economy is facing the prospect of a recession precipitated by post-Covid-19 recovery threats, including the Russia-Ukraine war and the threat of Covid-19 lockdowns.
This has led to the World Bank cutting its projected growth of the world economy by nearly a percentage point to 3.2%.
The grim outlook for the world economy has been further exacerbated by rising food prices, rising fuel cost and higher fertilizer prices, leading to a high inflation environment for most countries.
Some African countries and emerging markets have not been spared these developments as they face economic shocks, with growth prospects likely to decline to 3.8% in 2022, according to the 2022 African Economic Outlook.
Policymakers have responded differently as they scramble to come up with the right policy responses to deal with the crises.