GHANA’S GDP GROWTH LAGS BEHIND, PRIVATE SECTOR FEELS THE HEAT
According to the World Bank’s January 2023 Global Economic Prospects report, Ghana’s GDP will grow by 2.7% in 2023, less than the average for Sub-Saharan Africa, which is expected to…
WHAT YOU WILL NOT HEAR BEING SAID ABOUT THE FREE SHS POLICY
A former Minister of Finance has asked the government to suspend the free Senior High School policy until the economy rebounds. Mr. Seth Tekper said the current economic crisis does not support…
THE RISE AND FALL OF A GREAT ECONOMY: A SYNOPSIS OF GHANA’S FINANCIAL SITUATION
Ghana is currently experiencing firsthand how oil can be both a blessing and a curse. The start of commercial petroleum production made the West African country one of the most…
INVESTORS ON THE RUN AS S&P DOWNGRADES GHANA’S CREDIT RATINGS FROM B- TO CCC+
Standard and Poor’s (S&P) Global Ratings, an American credit rating organization, downgraded Ghana’s foreign and local currency sovereign ratings to CCC+/C from B-/B on Friday, August 5. This moved Ghana’s…
2022 MID-YEAR BUDGET REVIEW DEEMED “DEAD AT BIRTH”
The 2022 Mid-Year Budget Review has been submitted to Parliament for approval by Finance Minister Ken Ofori-Atta. The government’s estimated economic growth rate projection for 2022 has been revised from…
LOWER PUBLIC INVESTMENT TO SLOW DOWN GHANA’S CONSTRUCTION INDUSTRY GROWTH – FITCH SOLUTIONS
The construction sector of Ghana is predicted to slow down this year, rising by 4.1 percent year on year, down from 5.7 percent in 2021