Category: FEATURES
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Article: Why the monster called “Dumsor” dwells with us Ghanaians—Part 2
The Return of “Dumsor” Aside the country being significantly endowed with natural gas to fuel power plants which are largely dual-fueled, the Volta Lake is also currently recording a decent level of over 77 meters (as at April 12th 2019); compared to the prior year level of 75 meters, and far above its minimum operating…
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Article: Why the monster called “Dumsor” dwells with us Ghanaians– Part 1
Dumsor the Monster “Dumsor is a dreaded name in Ghana, synonymous with the subhuman “Dracula” who sucks human blood and spreads the undead curse along winding roads within the thick, dark and ancient forest and over mountain passes”. The word “Dumsor” is of Ghanaian origin, and in the Akan language it connotes “off and on”…
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Article: Understanding the liquidity challenge in Ghana’s power sector
Power as Economic Driver Ghana currently boast of over 4,300 Megawatts (MW) of Installed Generation Capacity from largely hydroelectric and thermal sources, with 1,366 MW other committed thermal projects expected to come on stream in the next five years, according to 2018 Integrated Power Sector Master Plan (IPSMP). Net Dependable Capacity exceeds 3,900 MW, and Peak…
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Article: Turbulence in the Financial Market: Are your pension funds safe
With the growing turbulence in the financial sector over the past year, it is time to look at the impact on the young pensions industry. Within the last year we have witnessed the transition and collapse of seven (7) commercial banks for a variety of reasons. Taxpayers have had to commit funds to assist in…
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Ghana Beyond Aid: The role of the Ghana EXIM Bank
Even as uninformed scepticism has arisen, Ghana’s EXIM Bank is quietly but fundamentally transforming the country’s economy into one driven by private sector led industrialization, utilizing local inputs while substituting imports and diversifying non-traditional exports. TOMA IMIRHE and ELORM DESEWU examine how this state owned development bank is empowering the private sector to transform the…
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32 banks fail to comply with financial statement publication rules (Article)
If there’s one thing I’ve learned over the years, it’s that little/small things matter. When I moved out of Ghana to US and Canada, one thing that I have seen separate Ghana from those two countries is that the little things matter. Sometimes we blame other people for the state of affairs of our country,…
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Bitcoins, Altcoins, Ponzi Schemes (Article)
Virtual Currency: An unregulated digital currency that can be used as a substitute for real and legally recognized currency. Convertible Virtual Currency usually has a measurable value in real money, but what makes it convertible lies in its ability to be exchangeable. Not all virtual currency can be exchanged for legal tender though, therefore, not…
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Declining inflation to trigger lower policy rate (Article)
Inflation fell sharply to 10.3% in January. Headline inflation surprised when it fell sharply in January to 10.3%; year on year from 11.8% in December. This was well below our expectations for a marginal increase to 11.9%, largely owing to base effects. The deceleration in inflation will have been positively received by the Bank of…
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Article: Future Alternative currencies: why it matters for development.
When Lorenzo Fioramonti, a professor of the University of Pretoria, South Africa , began to teach in 2012, he decided to start his course with an analysis of how money affects social order. What his students found particularly fascinating was the then-nascent world of cryptocurrencies, which he described at length as a crucial feature in…
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![Solving Ghana’s economic reforms isn’t Rocket science [Article]](https://citibusinessnews.com/wp-content/uploads/2017/11/conversation-World-Bank-Professor-Yifu-Lin-1.jpeg)
Solving Ghana’s economic reforms isn’t Rocket science [Article]
It was with unexpected confidence that Ghanaian Finance Minister, Ken Ofori-Atta, presented his latest budget to Parliament on Wednesday, November 15, 2017. His bold claims to have “turned the economy around” and brought “relief to Ghanaians” raised more than a few eyebrows on the floor – not least due to the paucity of economists, financial…