Global institutions, other countries and private sector actors must see African development as a priority, not just for Africa, but for their interests as well. Due to long-standing internal and external factors, Nigeria and Africa’s economic structures have been skewed to impede development, industrial expansion, job creation and the equitable distribution of wealth. If Nigeria is to fulfil its…
In English La Mauritanie, pays d'Afrique du Nord-Ouest et du Maghreb, possède une économie diversifiée avec plusieurs secteurs contribuant à sa forte croissance économique. L'économie du pays est principalement alimentée par le secteur minier, en particulier la production de minerai de fer, qui représente une part significative des revenus d'exportation. De plus, la Mauritanie dispose…
En Français The Northwest African country ofMauritania has a diverse economy with various sectors contributing to its strong economic growth. The country's economy is primarily driven by the mining sector, particularly iron ore production, which accounts for a significant portion of its export earnings. Additionally, Mauritania has substantial reserves of other minerals such as…
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In 2022 significant political efforts propelled the energy transition, leading to a record-breaking year in green finance. Governments, international institutions and lenders actively backed the shift to renewables. In tandem, projections indicated that renewable energy capacity would reach a record 440 GW in 2023. Notably, green bond issuance reached $351bn in the first half of the year. This marks…
Interview:Alex Apau Dadey How can Ghana effectively maximise the impact of diaspora human capital to stimulate economic investment in the country? DADEY: The country’s most precious asset is its diaspora. Therefore, it is important to encourage policies that will facilitate political and economic inclusion. Ghanaians living abroad have always aided in the growth of the economy, but…
Interview:Samuel Awuku Which factors account for the growth in Ghana’s lottery industry and the attending challenges? AWUKU: The ongoing transition from the traditional means of operating lotteries to online games has accounted for remarkable growth in Ghana’s lottery markets. The online lottery market leverages the convenience and accessibility offered by digital platforms, enabling a…
Interview:Ammishaddai Owusu-Amoah How has the digitalisation of tax collection contributed to revenue mobilisation? AMMISHADDAI OWUSU-AMOAH: The impact of technology and digitalisation on Ghana’s tax administration has been significant, improving efficiency in both tax collection and revenue generation. About 50 companies participated in phase one of the new electronic tax invoice system,…
Interview:Ken Ofori-Atta What are the key effects of the IMF’s extended credit facility on the economy over the medium term? KEN OFORI-ATTA: The extended credit facility aims to facilitate large and front-loaded fiscal consolidation to re-establish public finances on a sustainable path. Fiscal consolidation will be executed by mobilising more domestic revenue and improving the efficiency…
