As in many West African countries, Ghana’s economy is strongly correlated with global commodities. Oil, gold and cocoa are the three main sources of foreign currency and income; however, price swings over 2015 and 2016 for these three resources, a strengthening US dollar, as well as domestic issues such as fiscal slippage, growing debt and mounting inflation have combined to slow the pace of...
Economy
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Chapter | Country Profile from The Report: Ghana 2018
Long one of the continent’s success stories, Ghana is the birthplace of pan-Africanism and was one of the biggest advocates for independence during the colonial period. It has since developed one of the region’s largest and most advanced markets, and has become a diplomatic and economic force in West Africa. The country benefits from a wealth of natural resources, including cocoa, gold and –...
Since assuming power in January 2017 the administration of President Nana Akufo-Addo has moved to rein in fiscal spending, industrialise rural regions and improve the business environment in order to jump-start economic growth. The government has brought down the fiscal deficit and freed up capital spending for priority projects, and Ghana’s economic prospects appear strong for 2018.
Economic update | Maroc : Bilan de l’année 2017
29 Jan 2018
Grâce à une croissance plus soutenue du secteur agricole et à une hausse des recettes d’exportation, l’économie marocaine a connu une expansion plus rapide en 2017 et les perspectives sont encourageantes pour 2018.
Economic update | México: Revisión del año 2017
29 Jan 2018
La demanda interna y externa sustentó el crecimiento de la economía de México en 2017, a pesar de los cambios en la política de E.U.A. y de los dos desastres naturales sufridos.
Articles & Analysis | Saudi Arabia easing social restrictions to modernise economy from The Report: Saudi Arabia 2018
When Crown Prince Mohammed bin Salman laid out Saudi Arabia’s Vision 2030 in April 2016, he proposed reducing the country’s dependence on oil revenues by modernising the economy and creating a more moderate society. While the full economic impact of the plan will take a few years to be felt in the country, a series of bold moves to loosen...