Africa Economy

Since independence in 1957, Ghana’s foreign policy has been characterised by a core set of interests and values that have remained relatively consistent. As a founding member of the Non-Aligned Movement in 1961, Ghana has been dedicated to maintaining positive neutrality and promoting multilateralism. As the first country in sub-Saharan Africa...

Fiscal policy was at the top of the agenda at the IMF Annual Meeting held in Washington, DC in October 2019, which was attended by finance ministers, central bank governors and private sector executives from around the world. The event provided an opportunity for member countries to issue statements outlining their opinions on the global...

There is a lot that is right about Ghana and its people. We are enjoying the longest period of stability since independence in 1957. We are a democratic nation, with people who are strongly attached to its freedoms. Our country is rich in human and material resources. We can draw on a significant number of educated, hardworking and...

Although trade flows among African states remain below their potential, an ambitious project is under way to accelerate economic integration and significantly expand intra-continental trade. Spearheaded by the African Union (AU), the African Continental Free Trade Area (AfCFTA) agreement was signed in March 2018 and aims to substantially...

Ghana’s economy is one of the fastest growing in Africa, and its recently established oil and gas industry has made it a target for foreign investment. However, while prospects for continued expansion are good, the state faces a stubborn fiscal deficit and the longer-term challenge of reducing the nation’s reliance on a small number of exports...