Tag: Lord Mensah
-
Ghana’s IMF debt ranking a bad investor signal – Lord Mensah
Finance Lecturer at the University of Ghana Business School, Professor Lord Mensah has expressed fears that Ghana’s already dwindling investor confidence will further be exacerbated as the government struggles to bring debt levels to a sustainable path. The economist’s comments come on the back of the International Monetary Fund’s (IMF) latest quarterly report which put…
-
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…
-
New Ghana cedi denominations could cause inflation- Economist warns
Financial Economist, Dr. Lord Mensah, has stated that the introduction of the new Ghana Cedi notes by the Bank of Ghana, is likely to increase the prices of goods and lead to inflation. “For me, I think it has the tendency of causing inflation because anytime you are pricing, you will look for the minimum…
-
Mixed reactions greet new BoG minimum capital requirement
Some financial observers have expressed mixed reactions to the Bank of Ghana’s decision to increase the minimum capital requirements for commercial banks. Though they largely subscribe to the need to intensify the regulation of the banking sector, the analysts believe the central bank ought to do more to strengthen Ghana’s financial industry. The concerns come…
-
Govt reviewed plans achievable if … – Dr. Lord Mensah
Economist Dr. Lord Mensah wants the government to follow strictly its plans outlined in the midyear budget review in order to achieve growth targets. He explains that though government has cut down its expenditure, it will need to intensify efforts to increase revenue. Dr. Lord Mensah’s comments follow the presentation of the midyear budget review…