Ghana’s economy is one of the fastest growing in Africa, and its recently established oil and gas industry has made it a gateway for foreign investment (as stated by the International Monetary Fund and The World Bank in 2019). However, while prospects for a continued expansion are good, the state faces a stubborn fiscal deficit and the longer-term challenge of reducing the nation’s reliance on a small number of exports due to the COVID-19 pandemic. Fiscal and economic reforms, therefore, remain top of the agenda in the election year of 2020.
Air pollution is one of the major causes of death all over the world: every year, more than four and a half million people die for causes directly related to poor air quality . However, policymakers around the globe did not succeed to tackle the issue effectively.
In the last 20 years we have witnessed political and economic processes becoming more and more interconnected and interdependent. Still, it is taking us some time to acquire awareness of the mechanisms behind such processes. The bottom line of our first 20 years of this century is one: the gradual disappearance of the middle class, the rise to power of populist parties and an increasing inequality even between the richest. In these processes a major role is played by the banks, and the policies adopted to save them.
On March 12, the ECB held a press conference, in which Christine Lagarde announced and commented on the new measures to counter the economic downturn triggered by the spread of the virus. Below, we shortly review and explain these measures, compare the policies of Lagarde and Draghi, the previous ECB president, and give some final considerations on [Read More]