With GDP expansion forecast at 7.5% in 2019 and monetary and fiscal restructuring under way, the Ghanaian authorities are pushing ahead with a number of programmes to boost the performance of key sectors and promote diversification. The business community, in turn, remains largely optimistic about near-term prospects. In OBG’s third Ghana CEO Survey...
As a presidential and parliamentary election year, 2020 represents a key test of the government’s commitment to fiscal responsibility. The current government came to power on a platform of economic competence, promising to break the cycle of spending and debt crises that has challenged the nation’s economic progress for decades. In this regard...
As the first African country to gain independence from colonial rule in 1957, Ghana is one of the most stable multi-party democracies in the region and one of the fastest-growing economies on the continent. In July 2019 the capital city Accra was selected by the African Union as the host city of the Africa Continental Free Trade Area...
When the country’s central bank, the Bank of Ghana (BoG), was first granted the independence to set interest rates in 2002, it faced a turbulent economic scenario, in which the level of inflation had pushed past the 60% mark. Since that time the authority has wielded its rate-setting power to control inflation in the interests of society and...
In December 2020 Ghanaians will go to the polls to elect a president and members of the National Assembly. The incumbent head of state and leader of the ruling New Patriotic Party (NPP), President Nana Akufo-Addo, is seeking re-election. He will take on former President John Dramani Mahama, who was elected as the candidate for the main...
Spanning more than 300,000 sq km, the Republic of the Philippines reaches from Taiwan in the north to Indonesia in the south. In terms of territorial size, it is the fourth-largest country in South-east Asia after Indonesia, Myanmar and Thailand. Bordered by the South China Sea in the west and the Sulu and Celebes seas in the south, the Philippines is home to some 175 ethnolinguistic groups...
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