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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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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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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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Implications of Davos 2020 for Global Economic Growth (Part ii)

The current publication assesses the impact of the melting Arctic ice, the fourth industrial revolution, leadership and geopolitics on human and national economic activities in the 21st century in various parts of the world. This feature is a continuation of an earlier publication which ended on climate change and its relative effect on economies across the globe. Here …

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Effect of Brexit on UK-EU economic relations

The process of the United Kingdom’s (UK’s) decision to withdraw from the European Union (EU) began on 23rd June, 2016 when the United Kingdom voted in a referendum to leave the Union. About 17.4 million people voted to opt out. The results indicated 52% opted to leave while 48% voted to remain in the European Union. The …

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Effect of Pension Fund Assets on Ghana’s GDP

Abstract: The decision to implement pensions as a unique compensation scheme to reward individuals and civil servants who commit themselves to work and contribute meaningfully to the socio-economic development and growth of their economies dates back to over four centuries in some jurisdictions. The foregoing affirms the significant role of pensions in living standards and …

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“We eat GDP”- Chartered Economist rebuts “we don’t eat GDP” sentiments

To say that Gross Domestic Product (GDP) and other economic indicators do not reflect in the everyday life of the people and so African Government should stop touting them as achievements is a narrow way of looking at the situation, A Fellow Chartered Economist and Chief Executive Officer of the EBEN Consultancy, Dr Ebenezer Ashley, …

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