Emmanuel Tsigbey on why Ghana’s MPC kept rates unchanged
01 June 2020 | 11:00 am
Ghana’s Monetary Policy Committee decided to keep the country’s policy rate unchanged at 14.5 percent citing elevated risks to the inflation outlook, sharp downturn in GDP growth which are fallouts of the COVID-19 pandemic. Emmanuel Tsigbey, Chartered Economic Policy Analyst joins CNBC Africa for more.
13 Jun 2020
The World Bank says the global economy is facing its deepest recession since World War II as a result of the coronavirus pandemic. Advanced economies are set to shrink 5 percent, while emerging economies are facing their first contraction in decades. Franziska Ohnsorge, lead author of the 2020 Global Economic Prospects report, tells FRANCE 24 that millions of people working in an informal capacity could slip into poverty despite government support. Also in the show: BP announces plans to slash 10,000 jobs as OPEC extends its oil production cuts.
24 Jun 2020
The Russian parliament fast-tracked a law against "fake news" at the end of March amid the Covid-19 pandemic. The legislation introduces criminal proceedings for the authors of false information published in the media and is backed up by an artificial intelligence system as well as an army of cyber activists who are tasked with trawling through the web. But Russian civil society groups say the law is an attack on civil liberties and that its real function is to silence dissident voices critical of the authorities' handling of the health crisis. Our correspondents report.
3 Jul 2020
GuardianTV engages Cross River State Commissioner for Health, Dr. Betta Edu on the management of sentiments, doubts, conspiracies, and politics during a pandemic like Covid-19.
12 Jul 2020
The global top 100 companies have continued to outperform industry peers even amid the market volatility caused by Covid-19. Microsoft, Apple Netflix and Tesla are amongst those who have seen increased market capitalisation during Covid-19, joining CNBC Africa for more is Alice Tomdio, Director of Capital Markets at PwC Nigeria.
8 Jul 2020
FG proposes N2.3trn to boost mining, other sectors ahead of Covid-19 pandemic
31 Jul 2020
Globally many thousands of seafarers are stuck on their ships. They cannot go home because of the coronavirus crisis and the situation is creating a backlog in the global shipping industry.
16 Jul 2020
Three of the largest banks in the United States have dramatically increased their reserves to cover losses from unpaid loans. JP Morgan, Wells Fargo and Citigroup have together set aside $28 billion to cover bad debts in the three months from April to June. The lenders are expecting the damage from this crisis to be protracted, and unemployment in the US to remain over 10 percent until the end of the year, with knock-on effects on the repayment of loans from households and businesses.
4 Aug 2020
The number of deaths linked to COVID-19 have risen sharply in Brazil. With many of the rituals surrounding death and grief prohibited due to the pandemic, people are finding new ways to mourn lost loved ones.
5 Sep 2020
The ban on film production in Nigeria has partially eased, but strict guidelines are in place to avoid the spread of coronavirus, meaning big changes to procedures on-set. Producers now work with very limited crew and actors, with the production team for one sitcom scaling down from 70 crew members to 12.
6 Sep 2020
As the world continues to grapple with the impact of the COVID-19 pandemic, the value chains across the oil and gas industry have not been left out, as Nigeria suffered a 60.5 per cent decline in crude oil exports in the second quarter. Amy Jadesimi, Managing Director and CEO of Ladol joins CNBC Africa for more.
14 Nov 2020
Civilians accounted for most of the more than 5,000 landmine deaths and injures recorded last year, according to the 2020 Landmine Monitor report. Myanmar, says the report, is the only state actor actively planting them.
1 hour ago
Opponents of Minsk strongman Alexander Lukashenko say they hope the awarding of the Nobel Peace Prize to activist Ales Bialiatski might help precipitate his release from prison.
2 hours ago
Despite the pandemic and a huge crisis in the aviation industry, Lufthansa has launched a new airline. Eurowings Discover flies to holiday destinations in Africa. Staff are paid less than at parent company Lufthansa, but are happy to have work after the pandemic.
2 hours ago
More and more Iranian students, including schoolchildren, are joining the protest wave. Iranian security forces are resorting to increasingly brutal measures to quell the demonstrations.
2 hours ago
The United Nations Secretary General Antonio Guterres says Russia and Ukraine must cease military activity near the Zaporizhzhia nuclear plant and agree on a security zone. He warned that any damage could "spell catastrophe" for the region and beyond.
4 hours ago
The decision by the OPEC+ oil cartel to lower global production to 2 million barrels per day starting in November has prompted the US to dip into its Strategic Petroleum Reserve to dampen prices. An upcoming price cap on Russian oil could also add more inflationary pressure if Moscow decides to respond by cutting supply to participating countries.
7 hours ago
Federal Reserve Chair Jerome Powell says he won't cause a deep recession but that "pain" is necessary to fight inflation. To curb the largest price increases in four decades, the US Federal Reserve has been raising interest rates this year.