As Africa’s largest gold miner and the world’s second-largest cocoa producer, Ghana has witnessed steady growth in recent years. While the country was impacted by the Covid-19 pandemic, it navigated the crisis better than many of its income-level peers, in large part thanks to measures aimed at boosting public revenue. Ghana aims to improve its fiscal deficit in 2022 to 7.4% of GDP.
With a focus on driving broader economic development through both manufacturing and the establishment of special economic zones (SEZs), Ghana is looking to capitalise on the benefits associated with the African Continental Free Trade Area (AfCFTA).
The Covid-19 pandemic has severely affected economies, businesses and consumers across the world, especially in terms of crisis management, supply chains, liquidity and operations. Central banks and the wider banking community were among the first to experience these disruptions. Countries hit hard by the pandemic have taken aggressive fiscal...
The importance of combatting climate change has become increasingly clear in recent years, and sectors across the economy have worked to diversify their offerings to deal with these challenges. For capital markets, sustainable financing has been key. In November 2019 the Bank of Ghana and the Ghana Association of Bankers launched the country’s...
Ghana has made strides in recent years to deepen and broaden its digital financial services ecosystem. The government has prioritised the segment as key to bolstering financial inclusion, as well as ensuring business continuity in the event of another crisis such as the Covid-19 pandemic. These efforts pre-date the pandemic: the Electronic...
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