Moves by Ghana to expand port capacity are helping to reduce processing times and costs, although congested intermodal connections still limit throughput.
Ghana
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The start of new gas production in Ghana has significantly improved the prospects for long-term growth in the country, although efforts to exploit domestic reserves for local power generation faced a minor setback earlier this year.
Market reforms to reduce fragmentation and improve solvency, alongside the gradual expansion of bancassurance, should improve the medium- and long-term prospects of Ghana’s insurance industry.
A reform package geared towards improving regulation of Ghana’s mining operations aims to unlock new investment and boost government receipts.
The Ghanaian banking sector remained profitable and well capitalised last year, with combined assets rising by 22.3% to reach GHS70.4bn ($17.8bn), according to the Bank of Ghana (BoG).
Economic update | Ghana Year in Review 2015
14 Dec 2015
The economic outlook in Ghana is brightening, with GDP growth gaining momentum late in the year.