economy Archives - Thoughts of a New African

Ghana’s Mid-Year Budget Review: Will the proposed tax measures help businesses and consumers?

4 August 2018
Economics, Writings
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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…Read more →

Simplified Guide to Ghana’s Banking Industry Developments

4 August 2018
Economics, Writings
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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…Read more →

Ghana Government’s Free SHS Policy is Good but Needs Tweaking to Address Concerns

16 February 2017
Academics, Writings
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By Theo Acheampong For most countries where near-universal primary school (primary and junior secondary) enrollment is high, there is the challenge of ensuring these children also get a secondary education…Read more →

Ghana FY2016 Economic Update

12 February 2017
Economics
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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…Read more →

Nigeria Devalues the Naira: An Update

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…Read more →

Jubilee FPSO Maintenance Issues Highlight Ghana’s Energy Security Challenges

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…Read more →

The Oil Price Slump and Ghana’s Offshore Oil and Gas Industry

The Daily Graphic reports Ghana's Minister of Petroleum, Mr Emmanuel Kofi-Armah Buah, giving an assurance that the drastic drop in the prices of crude oil on the world market will…Read more →

Petroleum Prices and ‘Tekpernomics’: Understanding Recent Energy Taxes in Ghana

10 January 2016
Economics
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Between Ghana officially deciding to deregulate petroleum products with effect from 16 June 2015 to date, oil prices have more than halved falling from $65 per barrel to $36 per…Read more →

How the United States Approached Post-Colonial Africa

8 January 2016
History, Writings
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Came across this read which provides a good background to understanding history of patronage in African politics published by Foreign Affairs Magazine. In the post-independence era of the 1960s, “[Foreign]…Read more →

Ghana: Summary of Macroeconomic and Financial Data – Sept. 2015

16 September 2015
Economics
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The tables below provide a summary of the macroeconomic and financial data for Ghana and are provided by the Research Department of the Bank of Ghana and covers the period…Read more →