Trade growth is expected to lose momentum in the second half of this year and remain subdued in 2023, as the global economy sustains multiple shocks, such as ripple effects from the war in Ukraine, the latest forecast from the World Trade Organization (WTO) has revealed.  The UN partner agency has cautioned against imposing trade restrictions which would ultimately result ...

Did you know that Africa has the highest suicide rate in the world? To reverse that worrying statistic, the UN health agency WHO on Thursday launched a social media campaign to raise awareness around mental health illness, which is believed to account for up to 11 percent of the risk factors that are associated with suicide. “Every death by suicide is a tragedy,” said Dr. Matshidiso ...

Ghana’s public debt stock went up by ¢9 billion in July 2022 to ¢402.4 billion, the October 2022 Bank of Ghana Summary of Economic and Financial Data has revealed. This is equivalent to 68% of the Gross Domestic Product and is in sharp contrast to the projected 104.6% of debt to GDP ratio in 2022 by the World Bank. In ...

President Nana Akufo-Addo has asked the National House of Chiefs to take partisanship out of the galamsey fight. The President said the fight is a national battle and must precede all other interests which he stressed is the only way the fight can be won. “There are many I intend to make of you during the close door session of ...

The World Bank has classified Ghana as a high debt distress country as it projects the nation’s debt to Gross Domestic Product (GDP) of 104.6% by the end of 2022. According to its October 2022 Africa Pulse Report, debt is expected to jump significantly, from 76.6% a year earlier, amid a widened government deficit, massive weakening of the cedi, and ...

Global tech giant Alibaba.com has made its first serious entry into the sub-Saharan Africa market with a first Channel Partnership agreement with World Trade Centre Accra, a member of the Strategic Initiatives Limited Group. Alibaba.com is the world’s leading B2B marketplace, offering a wholesale platform for millions of buyers and sellers around the world to transact business. It has always ...

The European Union has dismissed claims of a ban on Ghana’s cocoa on the international markets. The Information Minister, Kojo Oppong Nkrumah, is said to have warned that Ghana could soon be unable to export cocoa and coffee to Europe due to new legislation. The law mandates European countries to formulate regulations that ensure that the commodities are harvested, extracted ...

A former Attorney General, Betty Mould Iddrisu has said the 1992 Constitution gives too much power to the Executive arm of government headed by the President. In her view, this does not promote checks and balances and hence should be looked at. Madam Mould Iddrisu further described this as an unfortunate situation. “In order for democracy to be sustainable, you ...

Former President John Dramani Mahama has said that news that some $100 million has been diverted from petroleum funds for unapproved expenditure is most alarming. The Minority in Parliament last week sent a stern warning to the Minister of Finance, Kenneth Ofori-Atta, to repatriate all funds accrued from the oil revenue into the Petroleum Holding Fund (PHF). According to the Minority, ...

Illegal mining (Galamsey) is not only one of the greatest existential threats to our country but also the presence of foreigners in that enterprise gravely insults our dignity and conscience as citizens in a sovereign nation. The questions that most Ghanaians keep asking are: Is the political class complicit and does the class hold the solution to this problem? In ...