Economic Development • 29 Jan 2023 Is this the Beginning of the End of Ghana’s Fiscal Crisis? A flurry of announcements this week was meant to signal that momentum was building towards a successful close of Ghana’s unorthodox domestic debt restructuring program (DDE). Banks, insurance firms and most capital market players have consented to revised terms for the orderly resolution of the country’s unsustainable domestic debt. At... read more
Social Innovation • 23 Jan 2023 Can ChatGPT Boost Socioeconomic Development? Will ChatGPT Transform International Development? After the spectacular failure of a 10-year project launched in 1982 by the legendary Japanese government agency, MITI, to dominate the global artificial intelligence (AI) landscape by developing systems suited to processing knowledge (rather than just data) in a user-friendly way, the country tried another... read more
Macroeconomic Governance • 15 Jan 2023 Ghana’s “Divide & Conquer” Debt Strategy Hits Roadblock Friday, 13th January 2023. Jubilee House, Ghana’s presidential palace. In attendance: the movers and shakers of public and commercial finance in the country. Arrayed on one side was the government, led by the Vice President, in his capacity as “Head of the Economic Management Team” (EMT). On the other side... read more
Political Governance • 14 Jan 2023 What do we do with Ghana’s National Cathedral? The President of Ghana has assured the nation that the controversial “National Cathedral” will be ready by March 6th, 2024. That is to say, barely a year away. This is of course an engineering impossibility, unless the idea is to launch an uncompleted project. The National Cathedral is not just... read more
