Tag Archives: Economic Growth

$1m one Constituency to Enhance Devt – Bawumia

$1 Million per Constituency

The vice president Dr. Mahamudu Bawumia has reiterated that the government’s pledge to allocate $1 million to each of the 275 constituencies will enhance “bottom-up” development of the country. The governing New Patriotic Party (NPP) during the 2016 electioneering promised to give every constituency a million dollar to deal with problems that are specific to them. In view of the ...

Read More »

How Africa’s economic growth rides on wireless rails

economic growth

A telecommunications boom is lifting an industry and a continent. In Kenya, hundreds of thousands of people are rising out of poverty as mobile-money services turn subsistence farmers into businesspeople. A similar dynamic drives Ethiopia, the fastest-growing economy in Africa, where the gross domestic product is forecast to climb 8 percent in 2019. Borrowing costs in Ghana plummeted almost 2.5 percentage points during the ...

Read More »

World Bank says Sub-Saharan Africa to record modest recovery in 2017

Sub-Saharan Africa

The World Bank has projected that Sub-Saharan Africa would record modest economic growth recovery of 2.4 percent in 2017 after the region grew by just 1.3 percent in 2016. In its new Africa’s Pulse, a bi-annual analysis of the state of African economies, the World Bank, however, warns that the pace of the recovery remains sluggish and will be insufficient ...

Read More »