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Editorials/Opinion

Africa must intensify the fight against illicit financial flows

We know the story: Africa is poor, and it needs the help from rich countries. And if Western powers have exploited the black continent through slavery, colonialism and resource extraction, that’s all in the past. Nowadays, they are all generous, determined to help eradicate poverty and facilitate sustainable development. The …

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Bank of Ghana to keep policy rate above 20% into next year due to nagging inflation

The Bank of Ghana is likely to keep its key rate above 20 per cent well into next year as inflation exceeds its target and economic growth accelerates. Inflation seems to have hit a floor at about 12-13 per cent and faces upward pressure from energy prices in coming months. …

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Telecommunications sector in Africa focusing on pricing

Moves to ensure fair competition and to examine pricing in the telecommunications sector is increasing in key mobile phone jurisdictions on the African continent. The issue of high data costs has recently been under the spotlight in South Africa and that the Competition Commission’s  inquiry into the South African data services market …

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Africa’s must-do, can-do decade

Since 2000 the continent of Africa has recorded impressive rates of economic growth. This remarkable performance has been largely driven by the prolonged commodity boom and development assistance. While the continent shows great diversity in the socio-economic trajectories of its countries, growth rates have generally masked an underlying lack of …

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How strong are Ghanaian banks?

There is no doubt that the banking industry plays a very formidable role in any economy and for it to thrive, it must have a robust system that is well supervised and regulated. Ghana’s banking system has gone through various transformations since the late 1980s and that includes the adoption …

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Four reasons why African States must raise their game in funding capacity for development

As the African Capacity Building Foundation (ACBF) prepares for its Board of Governors’ Meeting in the Ghanaian capital, Accra, (4-5 September), under the theme “Enhancing Access to and Absorption of Development Resources in Africa,” its Executive Secretary, Professor Emmanuel Nnadozie, ponders, in this opinion piece, on the need for Africa …

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SSNIT didn’t only spend $66m for software, it spent GH¢240m on mailing cards

The Social Security and National Insurance Trust (SSNIT) is in the news for spending an amount of $66 million for software. But that’s not all, the institution entrusted with the life savings and future security of Ghanaian workers seems to have a reputation for splashing money on projects, that don’t …

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Ghana Aids Commission and the murky case of HIV drug COA FS

The Director-General of the Ghana Aids Commission (GAC), Dr. Mokowa Blay-Adu-Gyamfi has said that the locally manufactured COA FS drug is not an immune booster, but this claim that has been debunked by the Food and Drugs Authority (FDA). Speaking at a recent press conference organized by the GAC, in …

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As university sends satellite to space with $500,000 government hands $11.5m to businessman

It is not for nothing that accountability is an important component of governance. Governments around the world, including the Ghana government have signed up to the Open Government Partnership, a system that ensures public accountability. But until citizens vigorously demand accountability, governments would squander with reckless abandon and for personal …

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Fresh ideas, scaled-up ambitions for investment in Ghana and beyond

Two years ago, world leaders convened in Addis Ababa for a remarkable first—the global community met to agree on ways to finance the ambitious Sustainable Development Goals (SDGs), with the objective of virtually eliminating extreme poverty. The development needs of today, and through the year 2030, are enormous. With that …

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