The economy registered positive growth in 2018, albeit at a slower rate than in the year prior. Real GDP expanded 5.4% year-on-year (y-o-y) in the first half of 2018 compared to 7.8% in the same period of 2017, according to the budget statement presented to Parliament in November 2018. Momentum picked up between July and September, when GDP...
In 1957 Ghana became the first African country to achieve independence from a European colonial power, and today it is one of the continent’s most vibrant democracies. A nation of great diversity in landscapes, languages and ethnicities, Ghana has seen a steady improvement in its people’s well-being over the years. With a GDP of GHS256.6bn ($...
Now in the third decade of its fourth republic since independence, Ghana has enjoyed a protracted period of civilian rule in recent times, with democratic governance firmly established by a series of largely peaceful elections. As a presidential and unitary republic, with a unicameral legislature and independent judiciary, Ghana also...
The year 2018 was trying for the Ghanaian economy, with plans to schedule an exit from an IMF credit deal by year-end, ongoing fiscal and monetary reforms, and an historic consolidation agenda for the banking sector. Despite the scope of adjustments, sentiment among the business community has remained robust, with 93% of respondents having...
The level of public debt is a closely observed metric in Ghana. For the past 30 years the country has travelled something of a debt roller coaster, recovering from one liquidity crunch only to be faced with another. The first dip came in the late 1990s, when the nation’s debt repayments as a proportion of revenue reached 20%, which was widely...
Ghana is the second-biggest producer of gold on the African continent, and the world’s second-largest cocoa producer. The country is also home to one of the largest discoveries of oil in recent decades, the production of which is providing the government with a useful revenue stream and driving growth in associated sectors. Nevertheless, the...
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