Ghana

The cost and availability of credit is one of the central problems facing Ghana’s industrial sector. Across various segments, a lack of funds and high interest rates have constrained growth for a number of years. However, while many challenges persist, the current administration has made improving the domestic borrowing environment a top...

The push for financial inclusion is continuing apace in Ghana with plans for the implementation of mobile money interoperability. Financial inclusion has been growing healthily in the country, thanks largely to the success of its mobile money system. In 2011 just 29% of the population was banked. By 2014 the figure had reached 41%, according...

Industry is at the centre of government plans to transform the economy from one reliant on its resource base to one driven by value-added exports. The current administration – which, among other things, is seeking to establish a factory in every one of the country’s more than 200 districts – has discussed moving away from a dependence on cocoa...

Although oil and gas have been the focus of domestic economic headlines over the last decade, agriculture remains a key pillar of the economy. It employs almost half of the national labour force, and a key agricultural product – cocoa – is one of the country’s top-three export commodities (see analysis). Upon assuming office in January 2017...

While Ghana’s IT sector is growing rapidly, and the government is emphasising its importance to the future health of the economy, it currently suffers from a shortage of qualified labour. As such, the government and the private sector are turning their attention to human resources development.

After grappling with a range of macroeconomic headwinds in the past several years, Ghana is beginning to recover, experiencing an increase in commodity revenues, currency stabilisation and an improving fiscal situation. However, lingering effects continue to complicate the outlook for industrial producers.