Ghana’s economy is one of the fastest growing in Africa, and its recently established oil and gas industry has made it a target for foreign investment. However, while prospects for continued expansion are good, the state faces a stubborn fiscal deficit and the longer-term challenge of reducing the nation’s reliance on a small number of exports...
With GDP expansion forecast at 7.5% in 2019 and monetary and fiscal restructuring under way, the Ghanaian authorities are pushing ahead with a number of programmes to boost the performance of key sectors and promote diversification. The business community, in turn, remains largely optimistic about near-term prospects. In OBG’s third Ghana CEO Survey...
Although trade flows among African states remain below their potential, an ambitious project is under way to accelerate economic integration and significantly expand intra-continental trade. Spearheaded by the African Union (AU), the African Continental Free Trade Area (AfCFTA) agreement was signed in March 2018 and aims to substantially...
How do you ensure that foreign direct investment (FDI) inflows have an impact on the real economy?
The current generation of Ghanaians and Barbadians possesses a solid historical foundation on which to develop our future relationship. We must build bridges and a comprehensive, holistic partnership that permits us to come together as members of an extended family to reconnect in the deep spiritual and cultural ways that bind us together. To...
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