Plummeting oil prices have brought renewed calls for Kuwait to deepen its focus on diversifying its economy and reducing hydrocarbon dependency.
Economy
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Economic update | Kuwait targets subsidy reforms
17 Nov 2014
After years of uncertainty and turbulence, Egypt’s economy is beginning to show some signs of recovery, with a marked rise in business confidence helping to strengthen indicators in both capital markets and the broader economy.
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A few years ago, Ghana’s economy was one of the fastest growing in the world, with GDP growth rates stretching above 14%. But there has been a noticeable change from the unconstrained optimism of recent years. Ghana has missed fiscal deficit targets that, if lower than five years ago, are nonetheless creeping upwards, and the country is beset by rising inflation and a weak currency. As a...
Chapter | Country Profile from The Report: Ghana 2014
By dint of its history, Ghana has long had strong social, political and economic ties to both the US and UK, and to a lesser extent other Western European countries. Ghana is also an active member within the UN and has routinely served on UN peacekeeping missions. Closer to home Ghana is beginning to strengthen ties with its larger neighbour, Nigeria. The US and UK have long been among Ghana’s...
Ghana has developed a reputation as a robust and stable democracy, and with a storied legacy of pan-African initiatives it has long punched above its weight diplomatically. While the recent oil boom following the discovery of the offshore Jubilee field in 2007 has helped to fuel GDP growth as much as 14% over recent years, it is now projected to slow to a more modest 4.5% in 2014.