By Dr. Theophilus Acheampong, Independent Economic Consultant; Senior Fellow, IMANI Africa This petition has also been published in today’s edition of the Business & Financial (B&FT) newspaper in Ghana EXECUTIVE SUMMARYOn 19 August 2019, the…
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November 2017 The military was likely to broker a power-sharing deal between Mugabe and former vice-president Emmerson Mnangagwa, country risk analyst at IHS Markit Theophilus Acheampong said. https://www.businesslive.co.za/bd/markets/2017-11-20-bonds-weaker-as-market-eyes-zimbabwe-and-credit-ratings-decisions/ Experts speculate that Mugabe will be held as…
On 19 July, Ghana’s finance minister, Ken Ofori-Atta presented the New Patriotic Party’s (NPPs) mid-year fiscal policy and review of the 2018 budget to parliament. The presentation follows the earlier presentation of the 2018 budget…
Dr Ishmael Ackah has taken the time to provide this excellent summary of the AMERI power deal for public education. I completely align with his thoughts. Great job! Ameri Deal–my opinion Original Deal —$510 million dollars (102…
1. Major shakeup in Ghana’s banking industry as Bank of Ghana revokes the licences of uniBank Ghana Limited, The Royal Bank Limited, Beige Bank Limited, Sovereign Bank Limited, and Construction Bank Limited and has appointed…
Dr Theo Acheampong, a fellow of think tank IMANI Africa, has pointed out that the new Value Added Tax (VAT) structure will place more financial burden on the public, as consumers are likely to pay more…
On 21 June 2014, amid the heavy debate on cedi depreciation and ill-timed Bank of Ghana forex rules, I wrote a piece on this platform explaining the conceptual framework for computing the depreciation or appreciation…
Ten years after Ghana discovered oil and started commercial production three years later, government says it plans to increase production volumes by moving to award new exploration contracts to IOCs. How well have we fared…
Using the latest figures published by the Bank of Ghana, I estimate the top five banks in Ghana in terms of value add as Bank of Baroda, Barclays Bank, GCB Bank, Societe Generale Bank and…
The decision by Nana Akufo-Addo’s administration to finance its flagship free Senior High School policy with petroleum revenues has stirred controversy about the usefulness of the Ghana Heritage Fund (GHF), originally meant for future generations…
Notes from Recent IMF Staff Visit to Ghana Large fiscal slippages observed last year will require strong efforts of fiscal consolidation – aka more austerity. Bank of Ghana’s (BoG) monetary policy has been instrumental in…
This is one of the best reports on Ghana’s post-HIPC debt crisis that I have read. It chronicles the nation’s history of high commodity dependence, debt cancellation under the Heavily Indebted Poor Countries initiative (HIPC),…
From the World Bank’s Sustainable Energy for Blog Last week Zambia set a new price record for utility-scale solar-generated energy in Africa with the support of the World Bank Group’s (WBG) Scaling Solar initiative. The auction…
The Buhari government finally made a bold move today to abolish the moribund fixed (pegged) exchange rate regime it adopted last year for the Naira amidst plummeting oil prices in favour of a floating regime…
There is more bad news for the government of Ghana and the upstream oil and gas sector as oil production and revenues are set to plummet by 50%; thus putting extra pressure on an already…