To promote a sector capable of supporting rural development, the government introduced a flexible regulatory framework for microfinance institutions (MFIs) in 2011. Since then, over 500 MFIs have registered in the race for customers, though many have gone bust or been exposed as pyramid schemes. Recently the central bank has renewed efforts to...
Since the privatisation of state banks and the liberalisation of industry in the late 1980s, Ghanaian banks have increased in stature and number, and for much of the last decade they have enjoyed strong growth rates and large profit margins. The country’s lenders have maintained their stability, avoiding the domestic crises that have befallen...
While the government has made education a key priority of its reform agenda, the potential for investment in private services is growing. According to the World Bank, in 2016 the youth unemployment rate reached 48% for those between the ages of 15 and 24. Indeed, as this number remains high, many Ghanaians with the means are turning to private...
With a growing urban middle class that is currently underserved by health care providers, there are substantial opportunities to offer a range of diverse services in Ghana. The government has made considerable strides in a number of important areas, including the expansion of primary care coverage, infrastructure investment and the combatting...
Many factors are increasing pressure on transport infrastructure in Ghana. The urbanisation rate is steadily increasing and is expected to reach 72% by 2035, according to the African Development Fund. The Ministry of Transport (MoT) also reports that the vehicle-to-population ratio grew from 50 vehicles per 1000 people in 2010 to 70 in 2015....
With the government’s stated ambition to build an airport in each of the country’s 10 regions and a renewed commitment to re-establish a national airline, Ghana is positioning itself to become a regional and global air traffic hub. In September 2015 the African Development Bank (AfDB) issued a $120m corporate loan to the Ghana Airports Company...
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