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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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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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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 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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