As the first African country to gain independence from colonial rule in 1957, Ghana is one of the most stable multi-party democracies in the region and one of the fastest-growing economies on the continent. In July 2019 the capital city Accra was selected by the African Union as the host city of the Africa Continental Free Trade Area...
In December 2020 Ghanaians will go to the polls to elect a president and members of the National Assembly. The incumbent head of state and leader of the ruling New Patriotic Party (NPP), President Nana Akufo-Addo, is seeking re-election. He will take on former President John Dramani Mahama, who was elected as the candidate for the main...
Global trade faces protectionist headwinds that are dampening the outlook for growth in the coming years. According to the World Trade Organisation, trade volume grew by 4.7% in 2017 and is expected to have moderated slightly to 4.4% in 2018 and dip to 4% in 2019. Although growth will fall below the 4.8% average seen since 1990, it is still...
The economy registered positive growth in 2018, albeit at a slower rate than in the year prior. Real GDP expanded 5.4% year-on-year (y-o-y) in the first half of 2018 compared to 7.8% in the same period of 2017, according to the budget statement presented to Parliament in November 2018. Momentum picked up between July and September, when GDP...
The year 2018 was trying for the Ghanaian economy, with plans to schedule an exit from an IMF credit deal by year-end, ongoing fiscal and monetary reforms, and an historic consolidation agenda for the banking sector. Despite the scope of adjustments, sentiment among the business community has remained robust, with 93% of respondents having...
Now in the third decade of its fourth republic since independence, Ghana has enjoyed a protracted period of civilian rule in recent times, with democratic governance firmly established by a series of largely peaceful elections. As a presidential and unitary republic, with a unicameral legislature and independent judiciary, Ghana also...
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