EIU Archives - Wontumi Online

06 Jun

EIU Predicts Persistent Stronger US Dollar; One Dollar Equals GH¢14.90

Wontumi1BusinessCEDI, dollar, economy, EIU

The US dollar remains close to an all-time high in real effective terms. According to the Economist Intelligence Unit, the remarkable resilience of the greenback is a reflection on the strength of the US economy, which has defied high interest rates and market predictions (a record-long period of yield curve inversion indicates so far unmet expectations of a major slowdown). “High US policy rates and, more recently, investor repositioning in anticipation of a later start to US monetary easing have provided a large degree of support for the currency. However, the dollar has rarely been so strong relative to interest-rate…

21 Nov

Cedi To Record single-digit depreciation Against Dollar In 2024 – EIU

Wontumi1BusinessCEDI, Cocoa Syndication Loan, EIU, IMF

The Ghana cedi could record a single-digit depreciation against the US dollar in 2024, The Economist Intelligence Unit has disclosed in its 2024 Africa Outlook Report. According to the UK-based firm, the cedi will benefit from the International Monetray Fund Programme. It stated that only five African countries (Egypt, Sudan, Ethiopia, Angola, and Zimbabwe) will experience double-digit depreciation of their currencies in 2024. “The Central and West African countries that make up the CFA franc zone will experience currency appreciation in 2024. The currencies of most other African countries will depreciate next year, with five experiencing double-digit depreciation: Egypt, Sudan,…

20 Sep

EIU Revises Cedi Depreciation To Dollar Forecast To 23% In 2023; Currency To Remain 3rd Weakest In Africa

Wontumi1BusinessCEDI, CEDI DEPRECIATION, EIU

The Economist Intelligence Unit (EIU) has revised its projected depreciation of the cedi to dollar in 2023 to about 23.0%, from the earlier 30.0%. According to its 2023 Updated African Outlook Report, this will place the local currency as the third weakest in African this year. That was a business desk report According to the UK-based firm, the cedi will depreciate lower than the 44.0% recorded against the American greenback in 2023. Presently, the local unit has declined in value by a little above 22% to the world’s most important currency, according to data from the Bank of Ghana. This…

20 Sep

Ghana, 6 Others To Struggle With Debt-Servicing Burdens – EIU

Wontumi1Businessdebt-servicing, Debt-to-GDP ratio, EIU

The Economist Intelligence Unit has said that Ghana, Tunisia, Egypt, Congo-Brazzaville, Zambia, Zimbabwe and Mozambique will grapple with debt-servicing burdens that eat up a substantial share of their revenue in 2023 In its Updated 2023 Africa Outlook Report, the EIU said African governments have ramped up their borrowing—domestically and internationally—and public sector debt ratios (relative to GDP) have pushed back towards the highs last seen in the early 2000s just before the enormous debt restructuring of 2005, implemented under the umbrella of the heavily indebted poor countries (HIPC) initiative. “Ghana, Tunisia, Egypt, Congo-Brazzaville, Zambia, Zimbabwe and Mozambique have enormous amounts…

30 Apr

EIU Is Rather Telling ‘Stonehearted’ NDC To Change John Mahama- Awudu Mahama

Kakra NunuFeatured, NewsEIU

Managing Editor of the Custodian Newspaper, Mr. Awudu Mahama has weighed in on a report by the United Kingdom-based Economic Intelligence unit (EIU) offering a different view from claims by the unit that they expect the National Democratic Congress (NDC) to win the 2024 elections. He opined that despite the prediction by the EIU, winning the 2024 elections in Ghana has more to do with the political party with a good strategy. “Political party with good strategy will win the 2024 elections”, he said as he hammered on the cautions EIU has spelled out to the NDC before they can…

23 Mar

EIU Has Spoken But NPP Must Visit 2008 To Win 2024- Hon. Gyasi (VIDEO)

Kakra NunuFeatured, Newsakufo addo, EIU, John Mahama, NDC, NPP, Politics, Wontumi TV

The Municipal Chief Executive for New Juaben, Hon. Ike Apau Gyasi, has responded to a prediction by the Economist Intelligence Unit (EIU) that the National Democratic Congress (NDC) could win the 2024 general elections noting that the New Patriotic Party (NPP) can overturn the prediction to their favor. Analyzing the issue on Wontumi TV’s Agenda 2024 show which was monitored by Wontumionline.com, the MCE noted that the leadership of the New Patriotic Party must rather focus on factors that led to party’s defeat in 2008 rather concentrating on the prediction by the EIU. The EIU according to him didn’t make…