Decentralisation is an increasingly common trend throughout African countries, and Ghana is no exception. Over the past two decades, the country has taken significant steps to improve and empower local and regional governance, although the issue has been brought into sharper focus in the last five years with the discovery and production of the...
The primary regional body of East Africa, ECOWAS, represents a grand ambition. Dedicated to establishing a single currency and Customs union, with fully integrated economies and open borders, the path ahead is a challenging one. The tribulations of the EU bear witness to the complexity of establishing a truly common market, and the...
Situated in the Gulf of Guinea on Africa’s western seaboard, the natural resources of Ghana and its emergence as a stable democracy have established the country as a prominent player in the region. It is the world’s second-largest exporter of cocoa, behind neighbouring Côte d’Ivoire, and one of the continent’s largest gold producers....
Rising external pressures, as well as a drop in key foreign currency earners and export revenues have caused the Ghanaian cedi to struggle in recent years. The combination of internal and external challenges includes the country’s balance sheet, commodity prices, the cost of imported oil and gas for power generation, and the rising demand for...
A macroeconomic overhaul is currently under way in Ghana, including in its borrowing practices. A shift is being made to reduce bond issuance in the domestic market, to extend the overall maturity of its existing debt profile and to lower the debt-toGDP ratio, which stood at 65.3% at the end of the first quarter of 2015, according to...
Ghana’s outward-looking stance with regard to regional relations is to some extent an inheritance from its first president, Kwarme Nkrumah. The newly independent nation’s foreign policy was predicated upon a call for a united Africa, which would culminate in a political, social and economic integration across the continent. The proposition was...
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