In spite of the country’s challenging fiscal situation (see Economy chapter), Ghana has been one of Africa’s best-performing economies in recent years, having seen significant jumps in both headline growth and capital inflows. Recent oil discoveries, combined with sustained prices for cocoa and gold, led to an influx of capital and boosted activity in a range of sectors...
Nestled in the Gulf of Guinea on Africa’s Atlantic Coast, Ghana has developed a reputation as a robust and stable democracy, and with a storied legacy of pan-African initiatives it has long punched above its weight diplomatically. Due to its vast natural resources, Ghana has a strong export profile, although it is somewhat dependent on commodities. It is the world’s...
The people of Ghana are well known for their friendliness. In fact, according to a poll in Forbes, Ghana was voted the 11th friendliest nation on earth in 2011, and the reason why is evident as soon as you walk off of the plane. As the people are so warm and friendly, greetings should always be acknowledged.
With the economy growing at record rates, the authorities are working to keep pace with rising demand for water, power and sanitation. Compared to many neighbouring countries, Ghana’s utilities are in healthy standing, though the sector has not been without problems. Over the past year power outages increased to the point that local industries cited...
The capacity of Ghana’s state-owned power providers to improve and expand infrastructure with the necessary speed has encountered a number of financial restraints. The Public Utilities Regulatory Commission (PURC) sets the price consumers pay for electricity artificially low, according to the providers. As a result, the three primary firms – the...
With plentiful sunshine in Ghana and foreign investors displaying interest in green projects, the government is planning a robust solar portfolio. Indeed, the Ministry of Energy has set the goal of generating 10% of electricity from modern renewable sources by 2020, and a number of projects are currently being undertaken as part of this objective...
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