While Ghana benefits from a roster of financial actors, the country’s capital markets are modest compared to continental exchanges in Cairo, Johannesburg, Lagos and Casablanca. The Ghana Stock Exchange (GSE) has just 36 equities and one exchange-traded fund listed on its equities exchange alongside a bond market dominated by government securities. In recent years the requirements for listing have...
Ghana Economy
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Chapter | Capital markets from The Report: Ghana 2013
Outperformance remains the key feature of Ghana’s economy, seven years after the discovery of oil prompted new optimism in the country, which was then celebrating the golden jubilee of its independence. In real terms, GDP grew by 7.9% in 2012. This follows revised GDP growth of 15% in 2011, which was largely driven by the start of commercial oil production at the Jubilee field. Ghana is also the...
Chapter | Country Profile from The Report: Ghana 2013
Bordered by Burkina Faso to the north, Côte d’Ivoire to the west, Togo to the east and the Atlantic Ocean to the south, Ghana’s total land area is only slightly smaller than that of the UK at 227,540 sq km. With Accra as its capital, the country is divided into 10 administrative regions, which are further divided into a total of 216 districts. Over the past three decades Ghana’s population has...
The Republic of Ghana has experienced two peaceful handovers of power in the two decades since it has returned to civilian, multiparty democracy and has gained a deserved reputation as a bastion of stability. However, in recent years, it has been the country’s economic performance in the headlines.
Ghana’s economy is expected to see robust growth this year, at around 8.5%, but so too will public spending. The 20% increase in government expenditures should help sustain social services and infrastructure investment, and underwrite activity in the energy, agriculture and construction sectors. However, there are concerns the country may not be pursuing fiscal consolidation aggressively enough, and 2013 will see a wide deficit and rising debt.
Economic update | Ghana: Year in Review 2012
23 Jan 2013
With the presidential elections largely concluded, save a few outstanding legal challenges, 2012 proved to be a year in which Ghana gave a comparatively strong economic performance, bolstered by stable commodity prices, continued oil production and a sizable capital campaign in both the gas and electricity sectors. However, structural weaknesses will need to be addressed for the country to maintain its upward trajectory.