Despite the challenges faced in the economy in general – for example, the decline in the currency, the rise in government debt, low commodity prices and a persistent deficit – the Ghanaian banking sector has remained profitable and well capitalised. The country’s lenders have managed not only to survive but also to thrive. The banking sector is highly competitive and open, albeit somewhat...
Ghana
Displaying 673 - 678 of 1101
The Ghanaian economy is strongly correlated to global commodities such as cocoa, gold and oil, which are the three main sources of income and foreign currency. Price swings for these three resources, increased spending on domestic public sector wages, an electricity shortage and other external factors have combined to slow the pace of development in recent years, leading to a depreciating...
Chapter | Country Profile from The Report: Ghana 2016
One of the principal attractions of Ghana as an investment destination is its status as one of the most well-governed and stable states in the region. It has been more than two decades since the multiparty system was re-established by a new constitution, and during this time there has been a consolidation of democratic principles, the establishment of greater trust in the nation’s independent...
Situated on the Gulf of Guinea in West Africa, Ghana’s natural resource wealth and status as a stable democracy have helped make it a prominent player in the region. It is the world’s second-largest exporter of cocoa, behind Côte d’Ivoire, and one of the continent’s largest gold producers. Recently discovered reserves of oil and gas have powered the economy to double-digit growth in the past decade.
Economic update | Ghana to bridge power shortfall with mix of new capacity and domestic fuel supply
12 Nov 2015
New capacity and improved supplies of feedstock could mark the end of load shedding in Ghana, spelling good news for manufacturing and service industries alike.
On the back of impressive global growth, the opening of the Islamic financial services (IFS) sector in Ghana is expected to create new financing and lending opportunities in the coming years, with sharia-compliant banking offering particular potential in the retail and small and medium-sized enterprise segments.