The authorities have worked in recent years to increase the depth and breadth of the country’s capital markets, introducing fixed-income, commodity and small business-focused exchanges. Although trading activity was suppressed in 2020, as investors shifted from equities to comparatively lower-risk options such as government bonds, it experienced a healthy rebound in 2021 as the wider economy...
Financial Services
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Chapter | Capital Markets from The Report: Ghana 2022
Moves prior to the Covid-19 pandemic to shore up the banking sector proved prescient, as they put local institutions in an advantageous position to face the unique challenges posed by the health crisis. After a sector clean-up, both assets and deposits rose as asset quality improved, and higher minimum capital requirements ensured that banks were more resilient to shocks. This positive trend...
As Africa’s largest gold miner and the world’s second-largest cocoa producer, Ghana has witnessed steady growth in recent years. While the country was impacted by the Covid-19 pandemic, it navigated the crisis better than many of its income-level peers, in large part thanks to measures aimed at boosting public revenue. Ghana aims to improve its fiscal deficit in 2022 to 7.4% of GDP.
Amid record levels of cryptocurrency crime, a number of emerging markets are looking at ways to strengthen their cryptocurrency-related protections.
Economic update | Sustainability-linked bonds: a financing solution for emerging markets?
17 Mar 2022
Emerging markets are harnessing environmental, social and governance metrics to raise debt and fund their energy transitions, with Chile recently becoming the first country to issue bonds tied specifically to sustainability goals.
Economic update | Are e-money taxes an effective solution for African nations seeking to expand their fiscal reach?
9 Mar 2022
A number of sub-Saharan African countries have sought to introduce taxes on electronic transactions, in response to a sustained uptake prompted by the pandemic. While such moves have been met with criticism, they represent an opportunity to significantly boost tax revenue.