The annual gold supply from Southwest Ethiopia to the National Bank has experienced a dramatic drop, plummeting from 800 kilograms to just 90 kilograms, according to G/Mariam Setegn, Director of the region’s Minerals and Energy Agency. Historical Overview Between 2007 and 2023 (2000 to 2015 E.C.), the National Bank received substantial gold deliveries from Southwest … Read more
The creator economy refers to the ecosystem of digital platforms, tools, and monetization methods that enable independent creators to generate income from their content, skills, and creativity. This includes bloggers, YouTubers, podcasters, influencers, artists, writers, and more. Key components of the creator economy include: The creator economy has seen explosive growth, driven by increasing internet … Read more
Ghana’s economic landscape in July 2024 shows a mix of growth and challenges across various sectors. Here are the latest economic figures: GDP and Growth Inflation Interest Rates Foreign Exchange Rates External Sector Developments Fiscal and Debt Banking and Financial Sector International Reserves Nominal GDP Bank of Ghana Confidence Surveys Capital Market Performance Ghana’s economy … Read more
In the latest economic update from Ghana, the nation’s GDP for 2023 surged to GHS 841.6 billion, marking a substantial increase of GHS 227 billion from the previous year’s figures. This significant growth was primarily propelled by the services sector, which contributed a whopping GHS 357.34 billion, constituting 45.6% of the Gross Domestic Product (GDP). … Read more
The Global Marketplace refers to the worldwide exchange of goods, services, and resources, where countries interact through international trade, investment, and business operations. Join us as we embark on a thrilling exploration through the intricate world of trade policies, the concept of comparative advantage, and the profound effects of globalization on our interconnected planet. 1. … Read more
As someone who has studied and researched economics, I can say that fiscal policy is a crucial aspect of understanding how governments manage their economies. Fiscal policy refers to the use of government spending and taxation to influence the economy. It plays a vital role in stabilizing economic growth, reducing unemployment, and maintaining price stability. … Read more
Monetary policy stands as a linchpin in the economic toolkit, wielded by central banks to influence the money supply, interest rates, and, by extension, the broader economic landscape. In this detailed exploration, we dissect the intricacies of monetary policy, examining central bank actions, the precision of inflation targeting, and the consequential impact on interest rates … Read more
Introduction Economic systems serve as the architectural blueprints that shape the functioning of societies, dictating how resources are allocated, production is organized, and goods and services are distributed. In this exploration, we delve into the nuances of three primary economic systems – capitalist, socialist, and mixed economies – drawing comparisons and contrasts with real-world scenarios … Read more
In the expansive domain of economics, macroeconomics stands as the vanguard, offering a panoramic view of the overarching trends that shape and characterize entire economies. In this comprehensive exploration, we delve into the intricacies of macroeconomics, elucidating the key components of national income, economic growth, inflation, and unemployment. National Income: National income serves as a … Read more
In economic systems, microeconomics serves as the magnifying glass, honing in on the individual cogs that drive the larger machinery of our financial world. As we embark on this journey through the realms of microeconomics, our goal is to unravel the mysteries surrounding individual decision-making, production, and resource allocation. Let’s start by peeling back the … Read more