Africa Economy

Displaying 1921 - 1926 of 1991
Although Ghana has an unusually high loans-to-deposits ratio and household lending rates in excess of 20%, the banking sector has been enjoying strong growth of late, on the back of the country’s macroeconomic success. Due in part to a mix of both rising capital inflows and a large unbanked population, the potential for long-term profitability, both in corporate and in retail, continues to attract international attention and investment.

Located on Africa’s western coast, Ghana is home to 24m people and a variety of ethnic groups. The country is divided into 10 administrative regions and has a strong executive branch, a unicameral legislature made up of 230 members, and an independent judiciary.

Ever since gaining its independence from the UK in 1957, sub-Saharan Africa’s first self-governing nation has strived to follow a path of cooperation and active participation in the international community. As one of Africa’s most stable and progressive democracies, Ghana’s influence in regional affairs and international diplomacy has been...

At 55 years old, our country is in good health. The economy is bursting with promise, and in terms of development, we are taking considerable steps along the right path. Over the past three years much has been achieved in pursuance of our “Better Ghana” agenda. Despite the fact that we have experienced some internal and external difficulties, we...

As the two largest economies in West Africa, the relationship between Nigeria and Ghana is a crucial one for the region. Trade ties are particularly important, and Nigeria’s high levels of liquidity serve as an important source of capital for Ghana.

In July 2012 the European Central Bank and the Central Bank of China reduced interest rates. What does this mean for these economies?

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