Moves prior to the Covid-19 pandemic to shore up the banking sector proved prescient, as they put local institutions in an advantageous position to face the unique challenges posed by the health crisis. After a sector clean-up, both assets and deposits rose as asset quality improved, and higher minimum capital requirements ensured that banks were more resilient to shocks. This positive trend...
Ghana
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In the years preceding the pandemic, Ghana recorded robust GDP growth, which jumped...
Chapter | Country Profile from The Report: Ghana 2022
With its tropical climate and overall low elevation due to the Volta Basin covering...
Economic update | Are e-money taxes an effective solution for African nations seeking to expand their fiscal reach?
9 Mar 2022
A number of sub-Saharan African countries have sought to introduce taxes on electronic transactions, in response to a sustained uptake prompted by the pandemic. While such moves have been met with criticism, they represent an opportunity to significantly boost tax revenue.
Economic zones in Africa have had a significant impact on trade volumes across the continent, as well as on job creation and foreign direct investment inflows.
Economic update | Focus Report: How is Africa positioned as a destination for data centres?
13 Oct 2021
With a large youth population and growing network penetration, Africa has demonstrated its ability to innovate and technologically leapfrog mature markets.