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Why Ghana’s IMF Bailout May Soon Repeat Itself
Recently, in one of my economics classes, a heated discussion erupted on Ghana’s International Monetary Fund (IMF) bailout programme. The discussion comes at a time when the country is grappling with high inflation, continuous depreciation of the cedi against major international currencies and high fiscal deficits which have seen the economy go through an […]
Read all posts for ‘economy’
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Electricity Outages Causing Ripple Effects in Ghana’s Economy
Ghana is currently facing its longest power crisis ever. Despite Ghana Government’s promise to fix this problem by offering alternative sources of power, the country is still experiencing frequent power outages. With a huge public administration wage bill, a consistently depreciating cedi (Ghana’s currency), and other macroeconomic instability indicators, the country […]
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Innovative Enterprise and Dynamic Democracy
Latin America’s startup scene is vibrant and growing, yet regional differences are plentiful. Jamie Stark looks at social and political factors driving innovative businesses in Uruguay, Chile, Argentina, and Brazil – and asks, Is democracy a startup essential? What does it take to make a strong business culture? Political stability, […]
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Climate Change: the tax Pakistan and the rest of the world must pay
As I began writing this post from the security of my home, I caught a glimpse of the television from the corner of my eye. The news channel showed images of thousands of Pakistani people from across the country protesting against excessive taxation and demanding an end to corruption. […]
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The BRICS Development Bank: Does the Rise of the Rest Mean the Decline of the West?
The “decline of the West” has become an increasingly ubiquitous phrase in recent years. Depending on your perspective, you may cringe or express glee at the thought of the Western world going into relative decline and opening space for developing countries like China, India and Brazil to take on a […]