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The World Bank

World Bank cuts Africa’s 2019 growth forecast by 15 percent

By Ruth Olurounbi, in Washington DC The World Bank has cut the Sub-Saharan Africa 2019 growth forecast by as much as 15 percent, the...
Dr. Ernest Addison

Bank of Ghana cuts benchmark rate by 100 bsp on favorable conditions

At the end of its 86th regular meeting, the Monetary Policy Committee(MPC) of Ghana's central bank revised downward by 100 basis points its benchmark...
newborn

Newborn care cuts life-threatening infections to the barest minimum

Hospitals can now reduce life-threatening infections in newborns by over two thirds and admissions to the neonatal intensive care unit (NICU) by one third...
Economic Africa

Ghana’s spending cuts bode serious consequences for economic growth

Fiscal policy think tank, Institute of Fiscal Policy (IFS) observed here on Thursday that spending cuts by government of Ghana in its quest to...
Bank of Ghana

Bank of Ghana cuts policy rate to 21 percent

The Monetary Policy Committee (MPC) of Ghana's central bank announced here on Monday its decision to slash its benchmark policy rate by 150 basis...

Nigeria to back oil production cuts – Oil Minister

The federal government will support a cap on its oil production, minister of state for petroleum, Ibe Kachikwu, said Wednesday. The production cap would come...

Namibia’s capital budget cuts crippling construction industry

Namibia's Construction Industries Federation of Namibia (CIF) has called for an increase of the government's capital budget focusing on productive infrastructure as well as...
Antonio Manuel de Oliveira Guterres

Steep U.S. funding cuts could threaten long-term UN reform – Guterres

UN Secretary-General Antonio Guterres warned on Thursday that U.S. President Donald Trump's proposed budget cuts, believed to severely affect UN funding, could "undermine the...

Oil prices rise on high OPEC compliance with cuts

Oil prices rose on Tuesday after the Organization of the Petroleum Exporting Countries (OPEC) said it has been sticking with the output cut agreement...

Singapore cuts filing fees for intellectual property protection

Singapore lowers filing fees for intellectual property protection, said the Intellectual Property Office of Singapore (IPOS) in a statement on Wednesday. The...
OPEC

OPEC committee agrees on measures to monitor output cuts

Representatives from five OPEC and non-OPEC countries on Sunday held their inaugural joint meeting in Vienna and agreed measures to monitor output cuts. ...
Bank of Ghana

Ghana central bank cuts policy rate by 50 bps to 25.5 percent

This decision was made because the the central bank's Monetary Policy Committee (MPC) "concluded that the downside risks to growth outweigh the risks to...

More cuts expected in Namibia’s budget review

The country that is implementing two developmental projects -- the Harambee Prosperity Plan and the National Development Plan (NDP) 5, is walking a tight...
Court

Unemployed on remand for causing harm co-tenant

Ms. Dadson, who has been charged with causing harm, has pleaded not guilty. The court, presided over by Mrs Abena Oppong...

U.S. and North Korea part ways

Pyongyang said Monday it has told the U.S. the North is effectively ending all diplomatic communications with Washington that have been conducted through the...
World Bank

2.4% Cut Recorded In WB 2016 Global Growth Forecast

The move is due to sluggish growth in advanced economies, stubbornly low commodity prices, weak global trade, and diminishing capital flows. According to the latest...
NLC

Fuel Hike Cuts Shorts NLCs Planned Strike Action

Bamidele Fashube, ABUJA, Nigeria. (GVE) – Contrary to ‎initial plan of the Nigerian Labour Congress (NLC) President, Ayuba Wabba to review the nationwide strike...

Koku Anyidoho Cuts Hannah Tetteh To Size Over IEA Consultations

According to him, Koku Anyidoho, Hannah Tetteh has no business usurping the functions of the National Executives and arrogating to herself any powers to...
participants at the workshop in a group photograph

CUTS Calls For Policy Reforms To Protect Consumers In Ghana

A study conducted by the organisation under its Competition Reforms in Key Markets for Enhancing Social and Economic Welfare in Developing Countries (CREW) project...
Anadarko

Anadarko Cuts Budget For 2016 Due To Net Loss

The company has made a net loss attributable to common stockholders of $1.250 billion, or $2.45 per share and an end-of-year loss of $6.692...
oil

Schlumberger Cuts 10,000 Jobs Amid Plunge In Oil Prices

News of the near-10% jobs cull came as the firm unveiled a net loss for the last three months of $1bn - its first...
budge

ISODEC says 2016 budgetary cuts will affect vulnerable groups

The Integrated Social Development Center (ISODEC) says such a move by the government will have adverse effects on women, children and vulnerable groups. Policy Analyst...

Air France Looks Into Cutting 1,000 jobs in 2016

Speaking to RTL radio and the LCI news channel, de Juniac announced "measure of voluntary departure are expected for less than one third of...
border

Tanzania-Kenya border post cuts cargo clearing time

Traders using the Holili/Taveta border post between Tanzania and Kenya said they have started benefiting from the newly established One Stop Border Post (OSBP)...
road

Minuister Cuts Sod For Adaeiso-Asamankese Road

The Eastern Regional Minister, Mr Antwi-Boasiako Sekyere has cut the sod for the commencement of a 24 kilometre Adeiso-Asamankese road estimated at GH? 31,000,000.00. It...

Central bank of China slashes RRR by 1 percent point

China will lower the reserve requirement ratio (RRR) for all financial institutions by one percentage point starting Monday, the People's Bank of China announced...

British PM puts smiles on the faces of voters with tax cuts

British Prime Minister David Cameron Monday announced that the government will raise the income tax free allowance to 12,500 pounds (or 18,600 U.S. dollars)...
oil

Ghana restricts oil company in planned job cuts

The government of Ghana directed Tullow Ghana Ltd here on Wednesday to restrict its planned job cuts to non-core technical staff as a result...
Dumsor

Erratic Power Cuts Puts Ghana Businesses In Brink Of Collapse

People in the Informal sector businesses in Ghana who depend solely on electricity are expressing worry over the power outages which they say, is?crippling...

Egypt Steep Cuts In Energy Subsidies

Egypt has been making impressive progress in straightening up its balance sheet in recent months. Steep cuts in energy subsidies coupled with a drop...