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.
Despite global supply chain challenges, trade between China and Africa rose to record levels in 2021. The increase partially reflects a shift in Chinese policy away from state-backed investments and towards trade and cooperation.
As oil prices reach 7.5-year highs, a number of countries in the Middle East have unveiled fiscal measures designed to balance their budgets after two years of pandemic-related spending.
A number of Latin American and Caribbean countries have strengthened their ties with China after signing a wide-ranging economic and political agreement.
Abu Dhabi had already developed a vibrant digital economy prior to Covid-19, with advanced ICT infrastructure in place and a digital-first approach that meant public services were easily accessible online.
Bernardo Bruzzone, Africa Regional Editor at Oxford Business Group (OBG), recently held a discussion with Mohamed Sami Agli, President, The Algerian Confederation of Citizen Employers (CAPC).
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