The government of President Nana Akufo-Addo assumed power on a promise to take “Ghana Beyond Aid”, and is pushing ahead with initiatives to formalise the economy, diversify its manufacturing base and overhaul its taxation structure. Ghana’s ability to retain fiscal discipline will be tested, with election-related expenditure expected to increase in the run-up to the 2020 poll.
Several positive macro-economic developments gave the Egyptian economy a boost in 2019.
Ongoing expansion in key sectors fuelled solid growth in Kenya in 2019, although rising debt continues to challenge economic performance.
Although a slowdown in international trade made 2019 a leaner year for Morocco, real GDP growth decreased only slightly to 2.7%, from 3% in 2018, according to the IMF. This trend is expected to be reversed in 2020, with the national authorities and the IMF forecasting growth will accelerate to 3.5% and 3.7%, respectively.
Lower agricultural exports, on the back of sluggish global demand, made for a challenging 2019 in Tunisia.
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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