**Fatshimetrie: Ghanaian Businesses Thirsty for Fiscal Reform and Economic Stability**
Fatshimetrie is witnessing an important era for businesses in Ghana, where expectations are high following the arrival of a new administration. The quest for fiscal discipline, job creation and price stability are at the top of the list of priorities to stabilize the national economy. Business leaders are also calling for urgent reforms in taxation, investment in infrastructure and policies that promote sustainable growth and improved living conditions for Ghanaians.
Currently under a recovery program supported by the International Monetary Fund (IMF), stakeholders believe that this is a critical time for the government to boost investor confidence. Sectors such as technology, agriculture and creative industries are seen as potential levers for the economy if adequately supported.
In this context, philanthropy consultant Amma Gyampo highlights the importance of public-private collaboration. According to Gyampo, aligning policies with the needs of businesses and citizens will be key to ensuring long-term economic resilience.
Nigeria’s Naira Fragility: Import Dependence Cripples Economy
The currency, the Naira, continues its freefall, trading at 1,700 to the US dollar last week. Analysts predict that it could weaken further to 2,000 next year if current trends persist. Veriv Africa attributes the decline to Nigeria’s heavy reliance on imports, which has significantly weakened the local currency.
Experts warn of the dire consequences this devaluation could have on businesses and the country’s economic prospects, advocating a shift towards local production. By investing in domestic industries, Nigeria could reduce its reliance on imports, strengthen the Naira and create a more resilient economy.
Christmas in Africa: A Celebration and Economic Stimulus
Across Africa, Christmas is not just a time of festivity, it is a major economic driver. The festive season boosts spending as families, businesses and entire communities join in the celebrations. From retail shopping to travel to vibrant street parades, the festive spirit fuels commerce across the continent.
Carnivals, gift exchanges and community events bring people together, creating opportunities for small businesses and retailers to thrive. For many, Christmas is both a time of cultural expression and economic activity, reinforcing its importance as a cherished tradition and a boost to local economies.
This festive season in Africa is synonymous with strengthened ties, economic dynamism and cultural pride, offering a bright outlook for the region’s future.