Economy

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What can be done to formalise African economies?

 

What are the challenges to reducing the deficit?

 

Long one of the continent’s success stories, Ghana is the birthplace of pan-Africanism and was one of the loudest advocates for independence during the continent’s colonial days. More recently it has promoted regional integration as an active participant in bodies such as the African Union and ECOWAS. The country has also established a strong...

 

What are the difficulties currently affecting integration efforts within ECOWAS?

 

As a founding member of both ECOWAS and the African Union (AU), and an early champion of decolonisation, pan-Africanism and the principles of the Non-Aligned Movement, Ghana has long played a central diplomatic role on the continent.

 

In 2007 Ghana became the first West African nation to issue a eurobond. Demand for the $750m issuance – a 10-year bond with a yield of 8.5% – exceeded supply by a factor of four, prompting other African nations to follow suit. This means that in 2018 nearly $25bn worth of sovereign debt in the region is set to mature. Since its first foray...

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