Category: INTERNATIONAL
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#EndSARS protest will hit Ghana’s economy if it escalates – Economist
An Economist, Dr. Lord Mensah, says Ghana ought to be concerned about the #EndSARS protest ongoing in Nigeria as he believes its ripple effect can have negative consequences on the Ghanaian economy. Dr. Lord Mensah insists that if the protest escalates, Ghana should expect to see an influx of Nigerians as it is a major…
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Ken Ofori-Atta completes tenure as Chair of World Bank’s Development Committee
Ghana’s Finance Minister, Ken Ofori-Atta, has successfully completed his two-year tenure as the Chairman of the Development Committee of the World Bank and IMF, after chairing his 4th DC plenary meeting. The Committee discussed a build-back strategy for the global economy in view of the unprecedented ravages brought about by the COVID-19 pandemic. The pandemic…
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‘Ghanaian enterprises should be frontline actors in AfCFTA’ -Akufo-Addo
The President, Nana Addo Dankwa Akufo-Addo, has reiterated government’s commitment to assisting Ghanaian enterprises to take advantage of the coming into force of the African Continental Free Trade Area (AfCFTA). Speaking at the 2nd National Conference on the African Continental Free Trade Area, held on Tuesday, 20th October 2020, at the Accra International Conference Centre,…
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AfCFTA Secretary-General pushes for 1st meeting of Trade Councils before take-off
The Secretary General of the African Continental Free Trade Area (AfCFTA), Wamkele Mene, has tasked the diplomatic community from Africa Member States based in Accra to ensure their various trade councils assemble in Accra before the end of November to finalize all deliberations needed for the smooth take off of the AfCFTA in January 2021.…
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AfCFTA to commence on January 1, 2021 as planned – Secretary-General
Mr. Wamkele Mene, Secretary-General of the African Continental Free Trade Area (AfCFTA), says the continental trade regime will take off as planned on January 1, 2021. He said the AfCFTA Secretariat was targeting January 2021 for the commencement of the implementation of the free trade agreement following its postponement due to the outbreak of the…
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We need a people-centered and sustainable recovery post COVID – BoG Governor
The Governor of the Bank of Ghana, who chairs the Board of Governors of the IMF and the World Bank, Dr. Ernest Addison, has urged colleague Governors globally to ensure the speedy formulation and implementation of policies to protect the gains made prior to the Coronavirus crisis. In a virtual address to Governors at the…
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Prioritize debt sustainability and efficient public spending – World Bank to Ghana
The World Banks’ Chief Economist for Africa, Albert Zeufack, has reiterated calls on Ghana and other countries in Sub-Saharan Africa to prioritize the implementation of short-term policies to help reconstitute their respective fiscal spaces, following the losses made as a result of the COVID-19 pandemic. According to its latest Africa Pulse report dubbed Charting the…
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World Bank predicts COVID-19 induced economic downturn in Sub-Saharan Africa
Driven by the economic fallout of the COVID-19 global pandemic, growth in Sub-Saharan Africa is predicted to fall to -3.3 percent in 2020, pushing the region into its first recession in 25 years, according to the latest regional economic analysis Africa’s Pulse: Charting the Road to Recovery. The pandemic could also drive up to 40…
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President Museveni lauds introduction of Bsystems Collateral Registry System in Uganda
Ugandan President, His Excellency Yoweri Kabuta Museveni has applauded the introduction of the Bsystems Collateral Registry System now known as the Security Interest in Movable Property Registry System (SIMPO) in the country. According to him, the use of the online registry platform in the country will enable Ugandans to use their movable assets as collateral…
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Nigeria counts on gas to ease pangs of fuel subsidy cuts
Nigeria is counting on gas-powered vehicles to help it reduce reliance on gasoline and improve its climate credentials while easing the pangs of ending decades of an expensive fuel-subsidy regime. Energy prices have shot up sharply after the government ended subsidies and the country’s labor unions are threatening a general strike on Sept. 28. After…