Photo credit:Arne Hoel/World Bank The global economy has entered a new era where commodity prices remain high despite slower economic growth. This trend is driven by four key factors: constrained global oil supply, resilient demand from China, climate change-driven metals demand and agricultural supply disruptions, and intensified geopolitical tensions. Despite […]
Business
IMF and World Bank Launch Consultation to Shape Future of Global Economy and Multilateralism
The International Monetary Fund (IMF) and the World Bank Group have launched a consultation to develop a long-term vision for the future of the world economy, international cooperation, and the roles of the two institutions. This initiative marks the 80th anniversary of the Bretton Woods Conference, which established the IMF […]
Aid for Trade: Sustaining Development Momentum in Uncertain Times
Photo : Credit GreenOak’s Images In the face of rising geopolitical tensions, rapid digitalization, and climate change, the global trade landscape is undergoing a significant transformation. While this shift poses risks for developing countries, it also presents opportunities. To sustain the benefits of international trade and investment, which have lifted […]
EU-Ghana Trade Sees 3% Decline in 2023, Despite Increased Imports from Ghana
In 2023, the total trade between the European Union (EU) and Ghana experienced a 3% decline, amounting to six billion Euros, compared to the previous year. While EU exports to Ghana decreased by 11% from 3.7 billion Euros in 2022 to 3.3 billion Euros in 2023, imports from Ghana saw […]
GIPC Chief Defends Removal of Capital Requirement for Foreign Businesses, Amidst Local Outcry
Accra, Ghana – Yofi Grant, CEO of the Ghana Investment Promotion Centre (GIPC), stood firm in his defense of the recent decision to abolish the capital requirement for foreign businesses, despite backlash from lo cal trading groups. The move, aimed at creating a more competitive business environment and attracting investors, […]