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    Ghana’s total exports decline by 9%

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    Cedi depreciates against the dollar by 22.5%

    Financial sector withstood 2022 shocks; positive signs ahead – BoG

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    Ghana’s total exports decline by 9%

    Cedi depreciates against the dollar by 22.5%

    Financial sector withstood 2022 shocks; positive signs ahead – BoG

    Water shortage to hit parts of Accra; businesses to be affected

    Excise tax amendment shows positive signs; rakes in GHS 140m 

    Ghana records over $200m trade surplus in two months

    Public debt hits GHS 575.5 billion; now 71.9% of GDP

    GEPA poised to achieve over $4bn target for non-traditional exports

    GRA fights off claims of harassing traders; calls for cooperation

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    Cedi depreciates against the dollar by 22.5%

    Financial sector withstood 2022 shocks; positive signs ahead – BoG

    Water shortage to hit parts of Accra; businesses to be affected

    Influx of Chinese tanker trucks will kill local businesses – Kwame Jantuah

    GRA fights off claims of harassing traders; calls for cooperation

    Hanno Barkhoff joins Kempinski Hotel Gold Coast City Accra as General Manager

    WTO Director-General calls for ratification of Fisheries Subsidies Agreement

    B5 Plus is an iconic testament of success of 1D1F initiative – K.T. Hammond

    BoG advised me to streamline Menzgold operations – NAM 1

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    Ofori-Atta commends G20 for AU’s inclusion, urges common voice

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    African Union to launch regional credit rating agency in 2024

    New study reveals alarming food access disparity affecting 650 million Africans

    Global food price index declines in August

    ECO currency challenges: Technical committee attributes delays to external shocks, others

    African leaders emphasize in-continent processing of mineral wealth at climate summit

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Prof. Peter Quartey, Ofosu-Dorte and Jeff Gable to speak at Citi TV’s Cedi Summit

bycitibusinessnews
June 20, 2022
in Business, Local Economy, Top Stories
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The Citi Business Festival’s Cedi Summit has lined up three speakers of repute in the world of banking, economics and law.

The June 27 event at the Alisa Hotel will be headlined by Jeff Gable, the Head of Research and Chief Economist at ABSA; 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.

Also serving as panellists for the one-day Economic Summit being organised by Citi TV 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.

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The Cedi Summit is being organised in partnership with the Institute of Statistical, Social and Economic Research (ISSER) and ABSA Bank Ghana, as part of the 2022 Citi Business Festival.

What the summit aims to do is put global developments in their proper perspective by discussing the effects of these global developments on economies and economic actors, analysing 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 in China.

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.

There have been diverse responses from policymakers as they scramble to come up with the right policy responses to deal with the crises.

Some central banks, like those of Ghana and Nigeria, have tried to tame inflationary pressures by raising interest rates, while agriculture ministries in Ghana and Uganda have imposed cereal export bans, and some others like Kenya have removed tariffs on imported grain.

The summit will delve into how well these policy actions work, and to what extent they can protect these economies from further deterioration.

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Cedi depreciates against the dollar by 22.5%

Financial sector withstood 2022 shocks; positive signs ahead – BoG

Water shortage to hit parts of Accra; businesses to be affected

Excise tax amendment shows positive signs; rakes in GHS 140m 

Ghana records over $200m trade surplus in two months

Influx of Chinese tanker trucks will kill local businesses – Kwame Jantuah

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Global factors responsible for 80% of Ghana’s current inflation rate – Head of BoG Research

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