• Latest
  • Trending
Ghana’s Second Quarter GDP Slumps 3.2%

Ghana’s Second Quarter GDP Slumps 3.2%

September 19, 2020
‘Style Bender’ Israel Adesanya Handed First Pro MMA Defeat by Jan Blachowicz

‘Style Bender’ Israel Adesanya Handed First Pro MMA Defeat by Jan Blachowicz

March 7, 2021
#EndSARS: Coalition Against Covid Plans to Rebuild Damaged Stations, Equip Police with $262m

Nigeria’s Central Bank Chief Lists Benefits of ‘Naira 4 Dollar Scheme’ for Diaspora Remittances

March 7, 2021
‘No Subjects off Limits’: Oprah’s Bombshell Interview with Harry and Meghan Airs on Sunday

‘No Subjects off Limits’: Oprah’s Bombshell Interview with Harry and Meghan Airs on Sunday

March 7, 2021
NHS England Invites People Aged 56 to 59 to Book Covid-19 Vaccinations in Coming Week         

NHS England Invites People Aged 56 to 59 to Book Covid-19 Vaccinations in Coming Week      

March 7, 2021
Violence in the Name of God Greatest Blasphemy, Pope Francis Says in Iraq

Violence in the Name of God Greatest Blasphemy, Pope Francis Says in Iraq

March 7, 2021
Why Opposition PDP Will Zone Nigeria’s Presidency to the South in 2023

Why Opposition PDP Will Zone Nigeria’s Presidency to the South in 2023

March 7, 2021
Tens of Thousands Flood Streets on Sunday as Myanmar Protesters Defy Previous Night’s Raids

Tens of Thousands Flood Streets on Sunday as Myanmar Protesters Defy Previous Night’s Raids

March 7, 2021
‘Lebanon in Great Danger’: Protests Continue for 5th Day as PM Diab Threatens to Stop Work

‘Lebanon in Great Danger’: Protests Continue for 5th Day as PM Diab Threatens to Stop Work

March 7, 2021
US Senate Narrowly Passes $1.9tn Covid Relief Legislation

US Senate Narrowly Passes $1.9tn Covid Relief Legislation

March 7, 2021
Lewandowski Hits Hat-trick as Bayern Come From Two Goals Down to Beat Dortmund

Lewandowski Hits Hat-trick as Bayern Come From Two Goals Down to Beat Dortmund

March 7, 2021
To Accept Covid Vaccines, ECOWAS Recommends Compensation for Citizens Who Suffer Side Effects

To Accept Covid Vaccines, ECOWAS Recommends Compensation for Citizens Who Suffer Side Effects

March 7, 2021
ARISE NEWSDAY

ARISE NEWSDAY

March 6, 2021
Burnley 1-1 Arsenal: Xhaka Clanger Costs Gunners Amid Late Handball Drama

Burnley 1-1 Arsenal: Xhaka Clanger Costs Gunners Amid Late Handball Drama

March 6, 2021
Stallion Nigeria, Interswitch, Flour Mills among Companies Investigated by CBN over FX Infractions

Nigeria’s Central Bank Introduces ‘Naira 4 Dollar Scheme’ to Boost Diaspora Remittances

March 6, 2021
Nigeria President Buhari, VP Osinbajo Receive Covid-19 Vaccine

Nigeria President Buhari, VP Osinbajo Receive Covid-19 Vaccine

March 6, 2021
ARISE.TV HEADLINES 06-03-21

ARISE.TV HEADLINES 06-03-21

March 6, 2021
Morning Show

Morning Show

March 6, 2021
Mars Rover Perseverance Begins Exploration of Red Planet

Mars Rover Perseverance Begins Exploration of Red Planet

March 6, 2021
Nigeria: Stop Demanding Amnesty for Bandits, Query Them for Killings, Katsina Governor Masari Tells Sheikh Gumi

Nigeria: Stop Demanding Amnesty for Bandits, Query Them for Killings, Katsina Governor Masari Tells Sheikh Gumi

March 6, 2021
Third Day of Protests in Senegal After Opposition Leader Ousmane Sonko Arrested

Third Day of Protests in Senegal After Opposition Leader Ousmane Sonko Arrested

March 6, 2021
Disneyland, Other California Theme Parks, Stadiums to Reopen April 1

Disneyland, Other California Theme Parks, Stadiums to Reopen April 1

March 6, 2021
Nigeria: Ex-President Jonathan Fails to Rule Out Contesting Elections in 2023

Nigeria: Ex-President Jonathan Fails to Rule Out Contesting Elections in 2023

March 6, 2021
Pope Francis Holds Historic Meeting with Iraq’s Top Shi’ite Cleric

Pope Francis Holds Historic Meeting with Iraq’s Top Shi’ite Cleric

March 6, 2021
Katsina Schoolboys’ Abduction: Nigeria’s Military Considers Asking US for Help, Says Boko Haram’s Claim Is ‘Propaganda’   

Soldier ‘Supplying Ammunition, Uniform to Bandits’ Arrested in Zamfara, State Government Says 

March 6, 2021
Judicial Committee Orders South Africa’s Top Judge to Retract Pro-Israel Comments

Judicial Committee Orders South Africa’s Top Judge to Retract Pro-Israel Comments

March 6, 2021
WHO Says There’s ‘High Risk’ Ebola Will Spread From Guinea

WHO Says There’s ‘High Risk’ Ebola Will Spread From Guinea

March 6, 2021
UN Security Council Fails to Agree on Tigray Crisis

UN Security Council Fails to Agree on Tigray Crisis

March 6, 2021
Secure Nigeria in Next Few Weeks, Buhari Tells New Service Chiefs 

Secure Nigeria in Next Few Weeks, Buhari Tells New Service Chiefs 

March 6, 2021
Morning Show

ARISE Newsnight

March 5, 2021
ARISE XCHANGE

ARISE XCHANGE

March 5, 2021
en English
ar Arabiczh-CN Chinese (Simplified)nl Dutchen Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanish
No Result
View All Result
Sunday, March 7, 2021
Arise News
  • HOME
  • Breaking
  • Global
  • Regional
  • BUSINESS
  • Politics
    • US ELECTION
  • Entertainment
  • Sports
  • TECH
  • Health
  • VIDEOS
  • Covid-19 Updates
Arise News
  • HOME
  • Breaking
  • Global
  • Regional
  • BUSINESS
  • Politics
    • US ELECTION
  • Entertainment
  • Sports
  • TECH
  • Health
  • VIDEOS
  • Covid-19 Updates
No Result
View All Result
Arise News
No Result
View All Result
Home Featured

Ghana’s Second Quarter GDP Slumps 3.2%

September 19, 2020
Reading Time: 2min
0 0
0
Ghana’s Second Quarter GDP Slumps 3.2%
Share on FacebookShare on Twitter

West Africa’s second largest economy posted a 3.2% decline in growth for the second quarter of the year. This is the first time Ghana will slip into a negative growth period in about four decades.

During an exclusive interview on Arise Xchange on Wednesday, Anthony Coleman, a principal research economist and Senior Manager at Afreximbank in Cairo said the 3.2% gdp contraction in Ghana was not expected by the authorities but reflects a disruption the Covid-19 pandemic has caused in the resource rich country.

He further stated that over-reliance on agricultural products could further drag down Ghana’s GDP, and in order to avoid this, the country needs to process most of its primary produce and diversify its main sources of growth.

Coleman advised the authorities in Accra to prepare bankable projects and programmes to attract more foreign direct investments.

The Afreximbank official also told Arise News that the trade finance institution has been providing facility support to back Ghana’s trade across Africa in order to prevent default in obligations.

Meanwhile Ghana’s Central is scheduled to hold its key monetary policy rate at 14.5% when it meets next week on September 28th as inflation still remains above its target, printing 10.5% last month.

Discussion about this post

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2020 Arise News - Part of the Arise Media Group.

No Result
View All Result
  • HOME
  • Breaking
  • Global
  • Regional
  • BUSINESS
  • Politics
    • US ELECTION
  • Entertainment
  • Sports
  • TECH
  • Health
  • VIDEOS
  • Covid-19 Updates

© 2020 Arise News - Part of the Arise Media Group.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist