Ghana’s finance minister, Kenneth Ofori-Atta has told Ghanaians that he’s ‘truly sorry’ for the country’s continued economic crisis. Was he found guilty of any financial misconduct? Not exactly, but he has been under severe criticism from lawmakers of Ghana’s major political parties, who have called on President Nana AKufo-Addo to remove him from office, following…
For the first time in three decades, China’s economic growth has fallen behind the rest of the Asia-Pacific region. What are the figures? According to the World Bank, the Asia-Pacific region’s annual growth outlook has dropped from 5% to 3.2%, mainly thanks to China’s economic struggles, as the superpower is responsible for 86% of the…
The United Nations Food and Agriculture Organization has said that global food prices were cheaper in the month of August, declining for the fifth month in a row. The agency also said despite the latest drop, the prices were still higher by about 8% when compared to that of last year. What food items are…
The National Bureau of Statistics says Nigeria’s headline Inflation Rate is now 19.64 percent, the highest recorded since the year 2005. Statistician-General of the Federation, Prince Semiu Adeniran stated this in the Consumer Price Index report for the month of July 2022 released by NBS in Abuja. The Consumer Price Index – a measurement of…
Nigerian governors have asked president Mohammadu Buhari to urgently take steps to halt the current slide towards economic collapse, and have made suggestions on how to do it. What are their suggestions? Expressing concern over the deteriorating state of the economy and the potential effect on the 2023 general elections, the governors urged the president…
Naira has continued to maintain its gains amid a weak buying pressure of the dollar in the black market. Naira continued to strengthen on the black market to trade at N650 to a dollar. This is however coming few days after some security personnel stormed a Bureau De Change hub in Abuja. How has the…
