Browsing: Lifestyle

Based on recent data from the International Energy Agency, the global oil market fell into deficit (with demand outstripping production) in the first quarter of 2024. Due to this evolving supply-demand dynamic and rising geopolitical pressures, we revised up our oil price forecasts, with dated Brent Blend to remain above US$80/barrel until late 2025. This will lift inflationary pressures in many countries at a time when their currencies are losing ground against the dollar.

The decline in maize prices was attributed to competitively priced offers from the Black Sea region, larger production in major exporters, and favorable prospects for the next harvest, with global maize production in the 2023-24 season expected to increase by 6.0% to an all-time high.

Pensioners alarmed as ILO warns of depleted SSNIT reserves by 2036

This assertion is stemmed from the current downward trajectory of the Ghana cedi and the cyclical election-year trends, where governments loose control of the economy.

The Women Development Bank

Increasing permanent income, graduate education, and a growing expatriate population are some major factors affecting the demand for houses in Ghana. 

A Public Interest and Accountability Committee (PIAC) report indicates that as of the end of 2022, the government owed GNPC a staggering $1.14 billion.

Beginning of January to April, as at last week, the cedi has experienced a continuous blip depreciation, resulting in a year-to-date depreciation of approximately 9.37%.

However, the recovery remains fragile due to uncertain global economic conditions, growing debt service obligations, frequent natural disasters, and escalating conflict and violence, according to the World Bank’s latest Africa’s Pulse report.

The report by Future of Trade acknowledges that PAPSS holds immense potential to transform intra-African trade by streamlining payments, reducing costs, and boosting efficiency, achieving widespread adoption across the continent requires overcoming several challenges.