For many years Ghana has been one of Africa’s top investment destinations, ranking fifth on the continent for foreign direct investment (FDI) inflows between 2011 and 2020, according to World Bank data. The organisation’s figures show the country receiving $32.5bn in FDI over the period, the second most in West Africa after Nigeria, with $45....
What key reforms need to be implemented to meet the full potential of the African Continental Free Trade Area (AfCFTA)?
Ghana achieved independence from British colonial rule in 1957, making it the first African country to do so. After enduring decades of post-independence instability and intermittent military rule, the country is now widely regarded as a stable democracy, a regional economic powerhouse and a key continental player.
How might Ghana make its business environment more attractive for foreign direct investment?
Between 2017 and 2020 Ghana recorded an average GDP growth rate of 7%, among the highest in the world. In 2020 – when the global economy and sub-Saharan Africa’s contracted by 3.5% and 2.1%, respectively – Ghana was one of the few countries that registered positive GDP growth. This is a testament to the government’s Ghana Beyond Aid vision. While Covid-19 infection rates and...
In December 2020 Ghanaians went to the polls to elect a president and members of Parliament. The incumbent head of state and leader of the ruling New Patriotic Party (NPP), President Nana Akufo-Addo, was re-elected in the first round of voting over former President John Dramani Mahama, the candidate for the main opposition party, the National Democratic Congress (NDC). This...
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