Tag: Prof. Peter Quartey
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4.7 percent budget deficit will be difficult to achieve — Prof. Quartey
Director of the Institute of Statistical, Social And Economic Research (ISSER) of the University of Ghana, Prof. Peter Quartey has cast doubts on the government’s ability to achieve its budget deficit target set for the 2020 election year. The Finance Minister in the presentation of the government’s 2020 budget statement had reiterated the commitment to…
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Professor Peter Quartey appointed Director of ISSER
Professor Peter Quartey, a senior lecturer at the University of Ghana has been appointed the Director of the Institute of Statistical, Social and Economic Research (ISSER) Professor Peter Quartey holds a PhD in Development Economics from the University of Manchester (UK), MSc in Quantitative Development Economics (University of Warwick, UK), MPhil. Economics (Ghana), and BA…
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Spending over 96% of supplementary budget on debts is crucial – Prof. Quartey
Government’s decision to use almost 97% of its supplementary budget to pay debts may be described as better late than never. That is the position of the Director of Economics at the Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey. His comments come on the back of analysis by Citi Business News…
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Growing external debt component is cause for concern – Prof. Quartey
Director of Economics at the Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey has cautioned that the cedi is at risk of depreciation due to the rising external component of Ghana’s public debt. Out of the total GHS200 million debt figure as at May this year, the external component reached GHS105.4 billion…
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Agric sector’s performamce in Q1 worrying — Prof. Quartey
Economist with the Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey, has urged the government to pay more attention to the policies it has adopted for the country’s agricultural sector following a dip in the sector’s contribution to the country’s GDP figures for the first quarter of the year. The Gross Domestic…
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Policy rate: Be measured with expectations of drop in interest rates – Prof. Quartey
Economist with the Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey, has maintained that business may have to be measured with their expectation of a drop in interest rates despite the central bank’s decision to keep the policy rate unchanged at 16 percent. The Monetary Policy Committee (MPC) at the end of…
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Rising inflation rate could derail economic targets—Prof. Quartey
Professor of Economics at the Institute of Statistical Social and Economic Research (ISSER) Prof. Peter Quartey, has expressed concerns about the rising inflation rate in the country. From the beginning of the year, the Consumer Price Inflation (CPI) rate has risen consecutively on 3 occasions. The CPI, which measures the change over time in the…
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$670m support to stabilise cedi laudable – Prof. Peter Quartey
Professor of Economics at the Institute of Statistical, Social and Economic Research (ISSER), Peter Quartey, has described as a move in the right direction, the decision by the Bank of Ghana to use six hundred and seventy million dollars ($670,000,000) to stabilize the cedi. The Governor of the Bank of Ghana, Dr Ernest Addison revealed…
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Century bond to check overpriced projects – Prof Quartey
The government should be able to finance major infrastructural projects and avoid budget overruns if it is to be successful with the maiden century bond. That is the assertion of Economist at the University of Ghana, Professor Peter Quartey. His comments come on the back of justification for the issuance of the bond by the…
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Mixed reactions meet BoG’s cut in policy rate
There are mixed reactions to the Bank of Ghana’s new policy rate of 18%. The central bank on Monday, March 26, 2018 announced that it has reduced the policy rate by 200 basis points after concluding its Monetary Policy Committee (MPC) meetings for the quarter. The Governor of the Bank of Ghana, Dr. Ernest Addison…