Trade & Investment

An official in the Office of the Nigerian Representative to the World Trade Organisation (WTO), has reacted to Bloomberg’s report insinuating that Trump administration on Wednesday “vetoed a bid” by Dr. Ngozi Okonjo-Iweala to be the next director-general of the global trading institution. The official who doesn’t want his name …

The International Monetary Fund (IMF) is predicting that Ghana’s fiscal deficit will reach 16.4 per cent of GDP this year, the largest in the country’s history. The record deficit projection comes on the back of the devastating effect of the coronavirus pandemic, which caused a huge shortfall in government’s revenues …

Mr Wamkele Keabetswe Mene, Secretary-General, African Continental Free Trade Agreement (AfCFTA) said the AfCFTA would on December 5, 2020 launch a digital platform in South Africa to streamline all procedures that made business transactions expensive and enhance business linkages among the private sector. This had become necessary due to the …

The Rwandan government will issue licenses to producers, researchers and traders of cannabis for medicinal and industrial purposes, announced Tuesday evening RDB (Rwanda Development Board), the public body responsible for promoting exports in Rwanda. This RDB announcement follows Monday’s cabinet decision approving regulatory guidelines on the production, processing and export …

The Nigeria’s Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo, in a paper titled “Strategy for Growth of Micro, small and Medium Enterprises (MSMES) and Job Creation” presented to the National Economic Council on Thursday suggested a need to establish land banks in each state earmarked for investment …

China now holds 63% of poor countries’ debt to the G20. The information was revealed this week by the World Bank in its new International Debt Statistics (IDS) report. According to the institution, the Chinese share in the debt has been steadily increasing in recent years. In 2013, it was …

Ghana’s year-on-year inflation rate for September 2020 recorded a marginal drop at 10.4 per cent compared with 10. 5 per cent the previous month, driven by negative month-on-month food inflation. Month-on-month inflation between August 2020 and September2020 was -0.2 per cent, predominantly driven by negative month-on-month Food inflation of -0.5 …

As part of its preparations for the operationalization of the African Continental Free Trade Area (AfCFTA) billed for January 2021, the Nigeria’s National Action Committee has concluded a study to assess the AfCFTA safeguard requirements. There are concerns from some quarters in Nigeria that the AfCFTA could be a vehicle …

Ghana and the European Union (EU) have signed two grant financing agreement totalling €92.9 million to support the budget and to prevent electoral violence in the northern border regions. A total of € 87 million out of the amount is under the Emergency EU Budget in Response to the COVID …

The Bank of Ghana sees an economic growth recovery of up to 2.5 per cent in 2020, underpinned by large fiscal stimulus packages, supportive monetary policies and widespread easing of restrictions. Dr Ernest Addison, the Governor of the Bank speaking at a press conference on the Monetary Policy Rate said …