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...
Ghana
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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...
Chapter | Country Profile from The Report: Ghana 2013
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...
The Republic of Ghana has experienced two peaceful handovers of power in the two decades since it has returned to civilian, multiparty democracy and has gained a deserved reputation as a bastion of stability. However, in recent years, it has been the country’s economic performance in the headlines.
Chapter | Capital Markets from The Report: Ghana 2012
While activity and liquidity on Ghana’s capital markets are both still relatively low, transaction values have been on the rise and certain reforms are set to inject significant funds into the market in 2012. As of March 2012 there were 34 companies listed on the Ghana Stock Exchange (GSE). The GSE’s value reached $264.4m, the highest to date. The agro-processing and petroleum industries have...
Located on Africa’s western coast, Ghana is home to 24m people and a variety of ethnic groups. The country is divided into 10 administrative regions and has a strong executive branch, a unicameral legislature made up of 230 members, and an independent judiciary.