Category: News
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Ghana Is the Star in IMF’s 2019 Economic Growth Forecast
Ghana will be the fastest-growing economy in the world this year, according to the International Monetary Fund. The lender’s growth forecast of 8.8 percent for the producer of cocoa, gold and oil dwarfs the 6.6 percent median in a Bloomberg survey. The IMF’s projection in its latest World Economic Outlook published Tuesday is “way too…
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IMF cuts Sub-Saharan Africa’s 2019 growth forecast to 3.5 percent
The International Monetary Fund cut its 2019 economic growth projection for sub-Saharan Africa this year to 3.5 percent, from 3.8 percent set last October, hot on the heels of a downgrade by the World Bank earlier in the week. The new forecast reflects downward revisions for Angola and Nigeria with a softening in oil prices,…
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Engineers bemoan poor use of technology in Ghana’s development
Different stakeholders in the engineering profession have bemoaned the poor level of mastery and innovative deployment of technology and its application for Ghana’s economic growth. According to them, the vision of industrialization for Ghana will not be realized if the country continues to ignore the important role of science and technology in its development. At…
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Intermittent power outages caused by financial challenges–IES
The Institute of Energy Security has said government is facing severe liquidity challenges hence the struggle to fuel plants to power electricity. The institute claims there is insufficient funds to buy crude oil, resulting in frequent power outages in the country. Already, a former Deputy Power Minister, John Jinapor, has said that the Ghana National…
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Ogilvy leads African Sabre Awards taking 17 out of 37 awards
Ogilvy has emerged triumphant in the global PR industry’s prestigious SABRE Awards for the Africa Region, with Ogilvy offices capturing 43% of all trophies awarded. The SABRE Awards are the world’s largest PR awards programme, recognising superior achievement in branding and reputation in North America, EMEA, Asia-Pacific, Latin America, South Asia and Africa. The pan-African…
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Prof. Samuel Kobina Annim named new gov’t statistician
An Associate Professor of Economics, Professor Samuel Kobina Annim has been appointed as the new Government Statistician. He assumed duty on March 1, 2019. The appointment of Prof. Annim by President Akufo-Addo was recommended by the Public Services Commission. Prior to his coming into office, David Kombat was acting as the government’s statistician following the…
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Ghana risks losing top cocoa producer slot – Lecturer warns
The Dean of Students at the Bunso University College of Agriculture and Environmental Studies, Dr. Francis Awotwe says Ghana is likely to lose its slot as the top cocoa producer in Africa if government does not show more commitment to improving the sector. He said the continued use of mercury soaked lands for cocoa cultivation may…
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Peasant farmers association welcomes Planting for Export policy
The Peasant Farmers Association of Ghana has welcomed government’s new Planting for Exports and Rural Development policy. “You know we have said it over and over again that they should listen to the problems or the challenges we face with managing the economy.So if government now comes to realize that there is a need for…
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SMEs urged to adopt sustainable methods to access European market
Small and Medium Size Enterprises in Ghana have been urged to adopt sustainable practices in order to access profitable markets in Europe and the North America. The comments were made at the launch of the first Trade for Sustainable Development Hub in West Africa here in Ghana. The Trade for Sustainable Development Hub in Accra is…
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Sub-Saharan economic growth recovery to take longer – World Bank
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The World Bank has cut its growth forecast for Sub-Saharan Africa this year to 2.8 percent from an initial 3.3 percent, it said on Monday. The commodity price slump of 2015 cut short a decade of rapid growth for the region, and the bank said growth would take longer to recover as a decline in…