Tag: Dr. Lord Mensah
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China might be flexing its economic muscle with closure of Ningbo-Zhoushan port – Dr. Lord Mensah
Economist Dr. Lord Mensah says China’s partial closure of one of its major ports may be another attempt by the country to flaunt its economic muscle. A portion of the Ningbo-Zhoushan port was closed last week after a COVID-19 case was recorded at the facility. Some argue though that this move might be just China…
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Gov’t must cut expenditure in advanced budget for 2021 first quarter – Economist
Ahead of the Finance Minister’s presentation of the Advanced Budget on Wednesday, which will cover government’s spending for the first quarter of 2021, an Economist and Lecturer at the University of Ghana Business School, Dr. Lord Mensah, has urged government to be conservative with its expenditure projections for the first three months of next year.…
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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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Free water and electricity may be counterproductive – Economist
An Economist, Dr. Lord Mensah, says some of government’s social interventions such was the free water and electricity aimed at mitigating the impact of the Covid-19 pandemic, may come back to hurt the government if it does not tread cautiously. Government earlier announced free water for three months, and 50 percent reduction in electricity and…
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It will be prudent for banks to disburse GHS600m stimulus package – Economist
A Financial Economist, Dr. Lord Mensah, has backed calls for government to channel the GHS600 million stimulus package meant to alleviate the plight of SMEs amid the impact of the COVID-19 pandemic through the banks. He argues that disbursing the funds through financial institutions will enhance transparency and efficiency. The National Board for Small Scale…
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COVID-19 stimulus package must go to critical areas of economy – Economist
Economist, Dr. Lord Mensah, is urging government to direct its incentives aimed at mitigating the impact of the COVID-19 on businesses to critical sectors of the economy such as agro processing. He cautioned that even though players in the hospitality and tourism industry are asking for support, injecting funds into those areas may not yield…
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Be efficient in using Eurobond proceeds to attract better rates – Lord Mensah urges gov’t
Financial Economist and Senior Lecturer at the University of Ghana Business School, Dr. Lord Mensah, has called on government to judiciously invest proceeds from the recently issued US$3 billion Eurobond, to ensure that the country attracts lower coupon rates in subsequent Eurobond issues. According to him, investors are likely to accept lower rates in the…
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Moody’s rating influenced coupon rates for US$3billion Eurobond – Lord Mensah
The government’s successful issuance of a US$3 billion Eurobond in three installments has been partly attributed to the recent improvement in Ghana’s ratings from a stable outlook to positive by international rating agency, Moody’s. Moody’s based its rating on what it calls rising confidence in Ghana’s institutions which are expected to lead to stability in…
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Reduce policy rate to improve liquidity in the system – Dr. Lord Mensah
Financial Economist and Senior Lecturer at the University of Ghana Business School, Dr. Lord Mensah, says it will be prudent for the Bank of Ghana to reduce the monetary policy rate from the current 16 percent, to improve the liquidity situation in the country. The policy rate, which determines the rate at which commercial banks…
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Frequent changes to tax laws worrying – Economist
Ahead of the 2020 budget presentation next week, Economist Dr. Lord Mensah has expressed concern about the frequent changes made to the country’s tax laws. According to him, such changes could ward off investors who might find them bad for long-term business planning. The current Finance Minister in an attempt to create a conducive environment…