Long one of the continent’s success stories, Ghana is the birthplace of pan-Africanism and was one of the biggest advocates for independence during the colonial period. It has since developed one of the region’s largest and most advanced markets, and has become a diplomatic and economic force in West Africa. The country benefits from a wealth of natural resources, including cocoa, gold and –...
Ghana
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Chapter | Country Profile from The Report: Ghana 2018
Since assuming power in January 2017 the administration of President Nana Akufo-Addo has moved to rein in fiscal spending, industrialise rural regions and improve the business environment in order to jump-start economic growth. The government has brought down the fiscal deficit and freed up capital spending for priority projects, and Ghana’s economic prospects appear strong for 2018.
Economic update | Ghana: Year in Review 2017
12 Jan 2018
Rising industrial and energy output, along with steady declines in inflation and debt levels, combined to support accelerated growth in Ghana in 2017, and continued fiscal reforms point to a positive outlook for 2018.
A multi-pronged drive to formalise the Ghanaian economy took a major step forward recently with the nationwide introduction of a Digital Address System.
The central bank of Ghana has announced higher minimum capital requirements for the country’s lenders, in line with implementation of Basel II and III standards.