Ghana Economy

Chapter | The Guide from The Report: Ghana 2022

This chapter contains selected listings of some of the country’s top hotels, contact details for embassies, ministries and organisations, helpful tips for business and leisure travellers and other useful suggestions for travel to Ghana.

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.

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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).

 

How can the private sector and the government support the development of small and medium-sized enterprises (SMEs)?

 

The onset of the Covid-19 pandemic in early 2020 had a dramatic effect on global connectivity. The implementation of border restrictions greatly disrupted the provision of goods and made cross-border travel extremely difficult. To adapt to these challenges, many governments, businesses and institutions moved towards a strategy of...

 

As Africa’s largest miner of gold, the world’s second-largest producer of cocoa and one of the continent’s most promising hydrocarbons players, Ghana has seen healthy growth in recent years. The country weathered the Covid-19 pandemic better than many of its regional and income-level peers, and is forecast to record significant GDP growth in...

 

For many years Ghana has been one of Africa’s top investment destinations, ranking fifth on the continent for foreign direct investment (FDI) inflows between 2011 and 2020, according to World Bank data. The organisation’s figures show the country receiving $32.5bn in FDI over the period, the second most in West Africa after Nigeria, with $45....

 

How have government spending and investment trends changed during the Covid-19 pandemic?

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