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One of the most important aspects of Ghana’s new plans with the International Monetary Fund program is the phasing out of the Bank of Ghana’s (BoG) financing of the budget deficit to 5 percent of the previous year’s revenue in FY15E, and 0 percent from FY16E, which is expected to slow cedi weakness, implying rate cuts from 2016 are likely.
Continue reading Africa has one of the largest youth population. Yet the average African President or leader look more like the continent’s aging infrastructures than the modern technology in terms of diversity. Yet, few stopped to ask if the countries and people are truly being well served by electing these aging leaders or analyze its process to see if anything should be changed to that process.
Continue reading If there is one ignored theme in our time zone, we think it is reform. In Egypt, Pakistan, Ukraine, Romania and Nigeria, new leaders in 2013-2015 are focused on change. Subsidies are being cut in Egypt and Pakistan. In Romania and Nigeria, new presidents have been elected on the back of anti-corruption promises. We expect a very capable team to be unveiled in Nigeria in the coming weeks, which we think could at best improve the country’s corruption rating by around 10 points by the end of 2016.
Continue reading Last month in Beijing, Chinese government destroyed over 600 kilograms of ivory-related ornaments and products as part of its commitment to ending global illegal wildlife trafficking.
Continue reading Efforts must be prioritize that those who serve under the mission have the necessary skills and tools to effectively do the work they have been entrusted.
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