Ghana is among the top 10 countries losing resources that could transform the country for majority of its citizens. These amounts, quoted in billions of US dollars, include proceeds of corruption and...
China posted better-than-expected growth in the second quarter, official data showed on Monday, but authorities warned that the world's second largest economy faces external and internal risks. The...
Inflation has dropped again for the month of June from 12.6 per cent in May to 12.1 per cent. This is the lowest since December 2013. The marginal reduction in the price of fuel was mentioned as one...
As they await this week's stress test results, US banks face a dilemma their European counterparts can only dream of: what to do with a pile of excess cash? The answer is expected to become clearer...
Democrats are slamming a Republican bid to dismantle financial rules put in place after the 2008 crisis as the "wrong choice" for the country. House Republicans approved a sweeping measure on...
FirstBanC Financial Services Ltd (FirstBanC), is expecting the reduction in policy rate from 23.5 to 22.5 percent to further boost Ghana’s economic growth. The Monetary Policy Committee of the Bank...
Export proceeds in the first four months of the year overtook imports by 30.2 per cent, resulting in a balance of trade (BOT) surplus of US$1.15 billion within the period. This means the country sold...
As I noted earlier, the formula for financial prosperity is pretty simple: • Spend less than you earn • Do this for a long time If you do these two things, you will be wealthy. Why? Because...
Ghana’s public debt has reached GHc129.5 billion according to Bank of Ghana’s Summary of Economic and Financial Data issued Friday May 19, 2017. This represents 63.7 percent of GDP. The current...
Fitch ratings agency upgraded Ghana’s outlook to stable on Friday and said the government was making progress in stabilizing the economy after a period of crisis. The agency kept its ‘B’ rating...
Higher consumer spending has helped to boost growth in the economy Germany's economy grew strongly in the first three months of this year, driven by investment and consumption, official figures show....
The 15 percent increment in transport fares by the GPRTU in April has pushed inflation up slightly to 13 percent from 12.8 percent in March, the Ghana Statistical Service has announced. “The rise...
Mounting services costs drove up US wholesale inflation in April, with the annual measure hitting its fastest pace in five years, the Labor Department reported Thursday. The figures pointed to a...
The figure went up by 1.6 percent from the 12.8 percent recorded in March this year. According to the Ghana Statistical Service (GSS), inflation for food items was 6.7 percent. Meanwhile inflation...
Stakeholders in the financial sector have pushed for the establishment of a Fiscal Council to put the government on its toes in observing prudence in public expenditure. According to the Public...
The Ministry of Finance is hopeful that a US$2.6 million Remittance Grant Facility (RGF) secured from the Switzerland government will help bring down the cost of remitting money to the country from...
Australia was set to unveil a "practical" budget Tuesday focused on infrastructure spending and housing affordability with the government "listening" to frustrated voters. Treasurer Scott Morrison...
Prof. Kofi Kissi Dompere, ranked among the “World’s Top 100 Leading Thinkers,” is also a world-famous Afrocentrist, economist, mathematician, philosopher, statistician, management scientist,...
Some financial observers have bemoaned the low level of savings among Ghanaians, describing it as disincentive to channel funds for investment. According to them, high levels of savings provide...
Notwithstanding the current economic and socio-political uncertainty, numerous companies in Africa are still positive about the growth potential of the continent. PwC research across the continent...
