May 23, 2017/NBS Click here to download full PDF Report In the first quarter of 2017, the nation’s Gross Domestic Product (GDP) contracted by –0.52% (year-on-year) in real terms, representing the fifth consecutive quarter of contraction since Q1 2016. This is 0.15% higher than the rate recorded in the corresponding […]
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IMF offers three-pillared prescription for African growth
22/5/2017/Reuters By Jeremy Gaunt Countries in sub-Saharan Africa need to get their budgets in order, diversify their economies and look after their poorest people. If they do that, there is no reason why the region cannot have the strong growth needed to meet the aspirations of a young and growing […]
Ghana central bank cuts interest rate by 100 basis points to 22.5 pct
22/5/2017/Reuters Ghana’s central bank lowered its benchmark interest rate on Monday by 100 basis points to 22.5 percent, citing a downward trend in inflation towards medium term targets of 8 percent plus or minus 2 percentage points, Governor Ernest Addison said. The cut, which economists had expected, reflected lower risks […]
