Ghana Economy

While currencies across Africa slid against the dollar over 2015, the cedi was among the worst performing, falling by 19.6%. After a volatile summer, Ghana’s currency began to stabilise in the third quarter of 2015, ending the year at GHS3.82:$1. This held through the first half of 2016, with the cedi trading in the range of 3.78-4.06 to the...

Like many sub-Saharan African countries, Ghana faces the challenge of formalising a very substantial informal sector that operates primarily outside of the government’s purview. According to the Ghana Statistical Service (GSS), 46.1% of the labour force was employed in the agriculture sector in 2013. Outside of agriculture, 77.7% of the labour...

Ghana has a long history of taking a pragmatic approach to its relations with foreign countries. According to Article 40 of the 1992 constitution, the country’s foreign policy is underpinned by a commitment to protecting the interests of Ghana, establishing a just and equitable international, economic, political and social order, promoting the...

For several years Ghana was one of the leading lights of the “Africa rising” narrative, with double-digit growth rates that ranked at one point among the highest in the world. The discovery of oil, bumper crops of cocoa and an influx of new investment sustained a robust expansion of GDP.

Widely considered one of the best-governed countries in Africa, Ghana is attractive to investors seeking stability in a region that has long been burdened with a reputation for risk.

Boasting one of the region’s largest and most advanced markets, Ghana has long been a diplomatic and economic heavyweight in West Africa. In 1957 it was the first sub-Saharan country to gain its independence, and since then has developed into a stable and vibrant democracy that is the envy of many on the continent. Its stability has also...