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...
How is an integrated aluminium industry contributing to the country’s industrialisation?
There are certain pieces of soft infrastructure that have to be in place for issues such as high interest rates and banking penetration to be solved. Notably, to achieve lower interest rates an environment must exist in which people have unique identities, preventing them from taking out a loan, refusing to pay it and then going to another...
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 one of our most important trading partners in sub-Saharan Africa, but we know that much development potential remains untapped. German businesses are very interested in both trade with, and investment in, Ghana. However, the president rightly says that words alone do not achieve anything – they need to be followed by action.
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