Rice production in Ghana has fallen under intense scrutiny in recent years, as the government works to reduce its agricultural imports by raising domestic production. However, as consumer patterns shift and rice consumption grows, the gap between local demand and supply has risen. Heavy import demands for rice cost the country millions annually,...
Six of the world’s 10 fastest-growing economies over the past decade were in sub-Saharan Africa, including Ghana. The nation’s growth is the result of commodity-fuelled expansion, which has been helping underwrite a surge in the country’s financial services sector, and the insurance market is no exception. While penetration is still modest by...
Since the discovery of offshore oil in 2007, Ghana has been adapting to the new reality of its hydrocarbons economy. The initial euphoria has given way to some of the more challenging aspects of extracting oil and gas offshore, but with the Jubilee field producing near capacity and plans to develop the TEN field approved, Ghana is on solid footing...
While development specialists agree there is no panacea that can produce economic development, the inclusion of increasingly larger numbers of people into the financial system has certainly been a key factor in the development of emerging markets. One of the main ways of achieving this has been to find increasingly innovative means to access...
Improved technology and global demand for natural gas has set explorers scouring the African landmass and offshore waters for new deposits. Ghana is a beneficiary of this wave of exploration, but plans for increased output from elsewhere in Africa, the Middle East and Asia have affected the outlook for the country’s energy policies – particularly...
One of the more innovative features of Africa’s financial services industry, including Ghana’s insurance sector, is the role that mobile telecommunications companies have played in its development. It is not difficult to see why; with Ghana’s mobile penetration rate reaching 100% in 2013 (inclusive of multipleSIM card holders), these partnerships...
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