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GDP

Ethiopia’s R&D spending accounts for only 0.27 percent of GDP

Ethiopia's expenditure on research and development only accounts for 0.27 percent of the country's gross domestic product (GDP), a government study said on Wednesday. ...
domestic bond

Remittances contributed massively to GDP in Africa

Remittances to Sub-Saharan African countries in 2018 contributed substantially to the Gross Domestic Product (GDP) of these nations, as transfers grew almost 10 per...
Airteltigo Business

AirtelTigo Business Transformation scheme for SMEs in Ghana

In the central business districts of Accra, Tamale, Takoradi, Kumasi and other regional capitals of Ghana, start-ups as well as established Small and Medium...
Insurance

Ghana’s Insurance Industry Contributes Very Little to Ghana’s GDP

Government has charged the National Insurance Commission (NIC) to strive to play its regulatory role effectively to bring vibrancy to the insurance industry. “The Commission...
Fuel Economy

Kenya’s economy to expand by 6.5 percent in 2019

Kenya's economy is expected to expand by between 6.5 and seven percent in 2019, economic experts said on Thursday. Metropol CEO Sam Omukoko told a...
IMF

IMF Issues Caution to Uganda on Likely Rise in GDP Ratio of 49.5 %

The International Monetary Fund (IMF) on Tuesday warned that the ratio of Uganda's public debt to Gross Domestic Product (GDP) will rise to 49.5...
market in Nigeria

Nigeria’s GDP grew 1.9 in 2018

Nigeria grew its gross domestic product (GDP) nearly 2 per cent last year, data from the National Bureau of Statistics shows. According to the NBS,...
WASH Budget

Ghana risks missing SDG-6 targets due to low financing

Ghana stood the risk of missing out on the Sustainable Development Goal –Six (SDG-6 ) targets due to low financing for the sector, Civil...

Millions of jobs to be affected by trade conflicts-UN

According UN's new regional report,trade will slow in 2019;as millions of jobs will also be put at risk by trade conflicts. Coinciding with...

Corruption Denies The Poor And Marginalized Access To Quality Services

Corruption in its form is costly and its impact is pervasive. It affects economic growth, level of GDP per capita, investment activity and its...

BoG Maintains Lending Rate At 17%

At a press conference of the 84th regular meeting of the Monetary Policy Committee (MPC) today the 24th September, 2018 in Accra, BoG did...
the world bank

World Bank report calls on Ethiopia to focus on untapped service sector

Putting more focus on the underdeveloped service sectors will result in major economic gains for Ethiopia, said a new World Bank report. According to the...
tax

Uganda resorts to widening tax base to finance national budget

Uganda is resorting to widening the tax base to finance the national budget instead of relying on foreign financing. Matia Kasaija, minister of finance, planning...
Debt

Tanzania to spend US$4.5 billion on debt repayments

The government of Tanzania will spend 4.5 billion U.S. dollars on debt servicing during the financial year 2018/19, a senior official said on Monday. Philip...
oil

Stanbic Bank Uganda, China’s ICBC woo investors as oil and gas sector takes shape

Top executives of Stanbic Bank Uganda and the Industrial and Commercial Bank of China (ICBC) have urged Chinese state and private enterprises to take...
census

GSS Prepares for Nationwide Agriculture Census

The Ghana Statistical Service (GSS) is to begin a 10-week nationwide census of agriculture to aid efficient policy implementation to boost the performance of...
Debt

Report indicates an increase in Africa’s debt

Public debt, relative to Gross Domestic Product (GDP), is rising in the Africa Region and the composition of debt has changed, as countries have...
Consumer Confidence

Ghana Needs a Solid Debt Management System – WB

The World Bank urged Ghana here on Wednesday to adopt measures to bring its debt to sustainable levels. Albert Zeufack, Chief Economist for the African...
Hao Zhishan, head of police office at Xinxiang East railway station, installs an intrusion detection system, Feb. 3, 2018. The system, hailed as “electric mine”, has evolved into the third generation and won the national patent. (Photo from CFP)

Patent-intensive industries make up 12.4% of China’s GDP

China’s added value of patent-intensive industries now contributes 12.4 percent to its GDP, said Shen Changyu, director of the State Intellectual Property Office (SIPO)...
Inclusion Of Women

Inclusion Of Women In The Economy Increases GDP By 2 To 3 Percent –...

People who have no access to bank accounts or other financial services, typically women and the youth are unable to send and receive payments...
The Summer Palace under blue skies in early spring of 2017. Data shows that a total of 226 days reported good air quality in Beijing in 2017, 28 days more than in 2016, while the number of severely polluted days reduced to 23 from 39 days in 2016. (Photo from People’s Daily Online)

China’s realizes greener GDP via its robust pollution control crusade

China’s toughest pollution control campaign has not only helped clean the environment, but also facilitated economic restructuring, a senior environmental official told a press...

Gambian FM: Migrants contribute to 22 pct of GDP

Migrants contribute to 22 percent of Gambia's gross domestic product, the country's foreign minister said on Tuesday. "The Gambian migrants contribute to 22 percent...
mobile money

Revenue Mobilization in Africa Goes Up

The mobilization of domestic resources is improving steadily in African countries, said a new report launched on Thursday at AU headquarters in Ethiopia's capital...
GDP

Ghana Registered 3.7 Percent GDP Growth

Ghana’s gross domestic product (GDP) grew by 3.7 per cent in 2016, a decline from the 3.8 per cent rate in 2015, thus continuing...
power

ISSER report indicates Ghana lost US$680 million from power crisis

President Nana Addo Dankwa Akufo-Addo on Monday disclosed that the nation lost $680million dollars in 2014 alone equivalent to two per cent of the...
GDP

Ghana mulls law to limit fiscal deficit to five percent of GDP

GGovernment of Ghana seeks to pass a law that will limit annual fiscal deficit to Gross Domestic Product (GDP) ratio to five percent, Senior...
H.E Mahamudu Bawumia, Vice President of Ghana (right) speaks with IFC VP and General Counsel Ethiopis Tafara (center) and World Bank Group Trade and Competitiveness Senior Director Anabel Gonzalez (left), confer following a high-level dialogue on opportunities for ambitious reforms of the business environment in Ghana. The event took place at IFC's offices during the Spring Meetings of the IMF and World Bank Group in Washington on April 21, 2017.

Ghana government not being smart on borrowing

A renowned economist has revealed that, the country’s debt stock has gone up due to government borrowing to finance deficit, which is not the...
GDP

Ghana’s Debt to GDP, Debt Stock and Other Matters Arising

In 2016 the issue about debt stock and debt to GDP ratio were important part of public financial and economic management discourse in...
A mother cooks for her children near the sprawling Achimota dump site in the outskirts of Accra, capital of Ghana, May 30, 2012. Environmental problems is one of the big challenges that Ghana faces. The western African country recorded 14.4 percent GDP growth last year, but it has to balance the development and environment protection. (Xinhua/Mary T. Richter) (lyq)

Ghana makes economic gains in Q1 of 2017

Ghana's Gross Domestic Product (GDP), which measures economic growth, reached 6.6 percent during the first quarter, the Ghana Statistical Service (GSS) announced here on...

Young Achievers Summit slated for June 17

Social enterprises continue to grow in Ghana every year. Most of their impact is felt in the influence they have on the sustainable growth...