Ghana

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Chapter | Banking from The Report: Ghana 2020

A regulatory crackdown on poor business practices and weak capital positions in Ghana’s...

Chapter | Economy from The Report: Ghana 2020

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...

Chapter | Country Profile from The Report: Ghana 2020

In December 2020 Ghanaians will go to the polls to elect a president and members of the National Assembly. The incumbent leader of the ruling New Patriotic Party, President Nana Akufo-Addo, is...

The government of President Nana Akufo-Addo assumed power on a promise to take “Ghana Beyond Aid”, and is pushing ahead with initiatives to formalise the economy, diversify its manufacturing base and overhaul its taxation structure. Ghana’s ability to retain fiscal discipline will be tested, with election-related expenditure expected to increase in the run-up to the 2020 poll.

Amid continuing diversification efforts, an expansion of mining and oil and gas activity helped Ghana maintain its status as one of Africa’s fastest-growing economies in 2019.

Following the passage of the Companies Act 2019 (Act 992), Ghana is stepping up efforts to pass a new insolvency law by the end of the year, as part of measures to further improve the business environment.

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