Ghana

While Ghana benefits from a roster of financial actors, the country’s capital markets are modest compared to continental exchanges in Cairo, Johannesburg, Lagos and Casablanca. The Ghana Stock Exchange (GSE) has just 36 equities and one exchange-traded fund listed on its equities exchange alongside a bond market dominated by government securities. In recent years the requirements for listing have...

The domestic financial sector has been fairly dynamic recently, with a number of mergers and new players arriving on the scene. However, approximately 70% of the population remains unbanked, and increasing access to financing is a government priority, especially for small and medium-sized enterprises. Given the large informal market, the size of the unbanked population and the challenge of...

Outperformance remains the key feature of Ghana’s economy, seven years after the discovery of oil prompted new optimism in the country, which was then celebrating the golden jubilee of its independence. In real terms, GDP grew by 7.9% in 2012. This follows revised GDP growth of 15% in 2011, which was largely driven by the start of commercial oil production at the Jubilee field. Ghana is also the...

Bordered by Burkina Faso to the north, Côte d’Ivoire to the west, Togo to the east and the Atlantic Ocean to the south, Ghana’s total land area is only slightly smaller than that of the UK at 227,540 sq km. With Accra as its capital, the country is divided into 10 administrative regions, which are further divided into a total of 216 districts. Over the past three decades Ghana’s population has...