Ayertey Michael

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

The 50th Annual meeting of the World Economic Forum (WEF) was held from 21st January to 24th January, 2020 at Davos in Geneva, Switzerland. The five-day event focused on how stakeholder capitalism could help address the world’s urgent and pressing socio-economic challenges. Established in 1971, the World Economic Forum’s activities are generally nucleated around how to shape industry, …

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GDP As An Indicator Of Economic Progress

NEWS COMMENTARY ON GDP AS AN INDICATOR OF ECONOMIC PROGRESS Gross Domestic Product (GDP), is one of the economic indicators that show whether the country is making economic progress or not. However, a section of the public believes that GDP does not reflect in the everyday life of the people and therefore African governments should …

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