insert_link Africa Ghana wants to make importing food like rice and tomatoes more costly: expert explains why it’s a bad idea By Sylvanus Kwaku Afesorgbor, University of Guelph Ghana, like many other developing nations, relies heavily on imports of food and consumer goods to feed its population. For instance, Ghana imports 55% of the rice that is consumed locally. The country’s import dependence is primarily a consequence of the production of low-value primary products without substantial value addition. To forestall over-dependence on foreign goods, the government has proposed a trade […] todayJanuary 23, 2024 7
insert_link Business / Economics Industrialisation and Trade Ministry to conduct public consultations on key economic initiatives The Ministry of Industrialisation and Trade is set to conduct public consultations on various initiatives, including the Special Economic Zone Bill, National Informal Economy, Startups and Entrepreneurship Development Policy, Namibia Investment Promotion and Facilitation Regulations, and the National Cooling Strategy. Here is Elijah Mukubonda, the Ministry's spokesperson with more details. todayDecember 12, 2023 20
insert_link Africa Africa’s new online foreign exchange system will enable cross-border payments in local currencies – what you need to know By Christopher Adam, University of Oxford The high cost of making cross border payments on the African continent has driven governments on the continent to seek options of settling trade and other transactions in local currencies. This has given birth to the Pan-African Payment and Settlement System which is scheduled to go live in 2024 under Kenya’s leadership. Development economist Christopher Adam, who has studied the exchange rate policies of […] todayNovember 28, 2023 16
