July 20, 2023/FBNQuest Fast-paced start with bold economic reforms President Bola Tinubu has assumed office with a commitment to driving economic growth. His administration implemented transformative changes immediately. Fuel subsidies were eliminated to confront fiscal challenges. Simultaneously, sweeping reforms revamped the foreign exchange (fx) market, uniting fragmented market segments, eliminating […]
OPINION/EDITORIAL
Fiscal Position to Improve
July 20, 2023/CSL Research Based on media reports, the three tiers of government will be sharing a total of N1.959trn in July 2023. This is c.149% higher than the N786.161 billion shared in June and c.199% higher han N655.93 billion in May. Allocations are usually shared from the preceding month’s […]
Ghana’s Economy Expected to Recover Its Potential By 2025, says World Bank Report
July 19, 2023/World Bank A combination of domestic imbalances and external shocks in 2022, led to macroeconomic challenges in Ghana. The year was marked by currency depreciation, rising inflation, and tumbling investor confidence. Pre-existing fiscal vulnerabilities such as mounting debt burden, a rigid budget weakened by high energy sector costs […]
