Ghana

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Economic update | Ghana banks eye acquisitions, foreign credit to expand

16 Oct 2014
Ghana bank

In spite of a softer macroeconomic environment, Ghana’s banking sector is in good health, thanks to an increase in assets and strong capital ratios, which in turn is encouraging an expansion by banks into new segments of the financial services market.

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Economic update | Ghana prepares to power up

26 Sep 2014
An expanding economy and growing population are increasing demand for power in Ghana and while lower levels of hydroelectric generation, sparked by a long-running drought, has reduced output, the forthcoming completion of several new plants should help ensure supply keeps pace with demand.
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Economic update | Ghana seeks to ride out challenges

18 Aug 2014
Having been among the continent’s fastest-growing economies on the back of an oil-fuelled boom, Ghana has cut its growth target for this year and revised its forecast for inflation and budget deficit upwards as a result of slowing commodity revenues and high current spending.
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Economic update | Ghana eyes Accra’s air hub potential

15 Jul 2014
News that South African Airlines (SAA) looks to be homing in on Ghana as the most likely location for a secondary hub should bolster the country’s efforts to carve a niche as a regional air transport centre.
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Economic update | Confronting gold mining challenges in Ghana

20 Jun 2014
Although lower prices and higher costs are a concern for Ghana’s mining industry, the Mining Commission’s re-evaluation of prospecting licences could add some momentum and set the scene for a welcome revival and new lease of life for private operators.
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Economic update | Ghana targets tourism expansion

11 Jun 2014
A wave of new high-end hotels, supported by a tourism development plan introduced last year, is spearheading Ghana’s efforts to attract a broader range of visitors to the country.
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