Percentage point increase in debt to GDP in 2020 is the lowest since 2013

Data in Table 1 indicate the percentage point increase in debt-to-GDP ratio recorded by Ghana in 2020 remains the lowest since 2013. The respective highest percentage points increase in Ghana’s debt-to-GDP ratios were recorded in 2014 (7.94%) and 2013 (7.64%). The average percentage points increase in Ghana’s total debt accumulation from 2017 through 2020 is …

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Percentage point increase in debt to GDP in 2020 is the lowest since 2013

Accumulation and sustainability of debt relative to gross domestic product (GDP) in the Ghanaian economy have been a major concern to some citizens, financial and economic analysts in recent years. The debt-to-GDP ratios recorded by Ghana in recent years are as follows: 2012 = 35.58%; 2013 = 43.22%; 2014 = 51.16%; 2015 = 54.83%; 2016 …

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Ghana Cedi performance in the first half of 2020 is the best since 2014

In the Republic of Ghana, the sole legal tender is the Ghana Cedi and Ghana Pesewa. The Foreign Exchange Act of 2006, Act 723, prohibits pricing, advertising, and receipt or payment for goods and services in foreign currency in Ghana. Consequently, it is imperative to continually assess the strength of the Ghana Cedi relative to …

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SOCIO-ECONOMIC EFFECT OF COVID-19 ON THE GLOBAL ECONOMY

ABSTRACT Epidemics and pandemics have been part of human existence since time immemorial. Although the foregoing terms are often used interchangeably, they have distinctive meanings in the scientific world. The world has been plagued with significant number of epidemics and pandemics in prior and recent years. Earlier news on the outbreak of COVID-19 was received …

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Ghana’s estimated losses from Covid-19 pegged at 4.7% of projected GDP

As the Corronavirus pandemic lingers on and continues to wreak havoc on every aspect of human endeavours, more research on the impact of the outbreak on the world’s economy are emerging relative to losses from Covid-19. Findings from a yet to be published research suggests that Ghana’s estimated economic losses from Covid-19, which is pegged around GH₵15 …

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Socio-Economic Effect of COVID-19 on the Global Economy-Part One

Earlier news on the outbreak of the Coronavirus, commonly called COVID-19, in the Wuhan Province in the People’s Republic of China was received with scepticism by leaders and citizens of several advanced, emerging and developing economies across the globe. Most global leaders doubted the exponential effect of COVID-19 on their respective countries and the Global …

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Role of Religious bodies in successful implementation of the One District, One Factory (1D1F) Programme

1D1F policy is Ghana’s industrialisation drive intended to transform the economy from an agriculture-led to industry-led. This strategy, it is believed, would enhance the chances of transitioning the economy from one characterised by low-paying jobs to one dominated by high-paying job opportunities. Recent corporate failures such as the liquidation of nine (9) universal banks, twenty-three (23) savings …

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One District One Factory policy, and the implications for job creation

On Friday, the 25th of August, 2017, the President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo launched the government’s flagship programme dubbed “One District One Factory” at Ekumfi in the Central Region. The launch marked the formal introduction and implementation of the government’s industrialisation policy. The fruit processing factory at Ekumfi is expected to create ready market …

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Contribution of infrastructure development to Ghana’s Economic Growth

Sustainable infrastructure development in the medium- and long-term remains one of the major considerations which attract foreign investors and foreign direct investment (FDI) to economies across the globe. It assures sustainable poverty reduction and propels economic growth in developing and emerging economies, including Ghana. This provides a succinct justification for the Government of Ghana’s resolve to …

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Contribution of infrastructural development to economic growth

Sustainable infrastructure development in the medium- and long-term remains one of the major considerations which attract foreign investors and foreign direct investment (FDI) to economies across the globe. It assures sustainable poverty reduction and propels economic growth in developing and emerging economies, including Ghana. This provides a succinct justification for the Government of Ghana’s resolve …

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