UK economy shrinks for the second consecutive month.
The UK economy shrank for the second month in a row in October as concerns about the Budget continued to weigh on confidence.
Global Trade
Australia’s central bank is prepared to take decisive action if US tariffs negatively impact global trade.
Deputy governor warned the most extreme scenario of an all-out global trade war would depress global activity and trade.
WTO Barometer Shows Moderate Trade Growth as Policy Uncertainty Looms
The Goods Trade Barometer is a composite indicator for world trade, providing real-time information on the trajectory of merchandise trade relative to recent trends.
UK sanctions Kenyan businessman over illicit gold trade
The UK and US governments have imposed sanctions on a British-Kenyan businessman over his alleged involvement in the illicit gold trade.
Global trade is expected to grow by 3.3% in 2024, highlighting its resilience, according to UNCTAD
The UNCTAD report urged developing economies
Egyptian and Russian Leaders Pledge to Strengthen Ties at BRICS Summit
Egyptian President Abdel Fattah El-Sissi met with Russian President Vladimir Putin on Tuesday, October 22, just before the official start
US Makes Significant First Interest Rate Cut in Over Four Years
The US Federal Reserve has lowered interest rates for the first time in over four years, implementing a larger-than-expected cut.
Cedi Surpasses GH¢16 Per Dollar in Retail Market
The Ghanaian Cedi has crossed the GH¢16 mark against the US Dollar on the currency retail market. A survey conducted
Ghana introduces Ban on Grain Exportation
The government has imposed an immediate ban on the export of key grains, including rice, corn, and soy, in response
Fed’s Powell Signals It’s Time to Start Cutting Interest Rates
Federal Reserve Chair Jerome Powell delivered a clear message during his speech at the Kansas City Fed’s annual economic symposium