The microfinance industry has played an important role in improving social development, despite facing challenges in recent years The centrality of microfinance to Peru’s economy extends beyond its contribution to banking profits, given its role in reducing poverty, accelerating formalisation of the workforce and bringing growth to regions...
The banking industry looks set to achieve its full potential in the coming years, outperforming other sectors of the economy With a record of consistent profitability and credit growth, the banking sector has benefitted from economic expansion in the past decade. Strong regulations are credited with having ensured that banks made it through the 2008...
The single largest structural shift in the last decade in global energy markets – emerging output of shale gas and oil in the US – is having a clear effect on African oil producers. A growing reliance on African exporters in the early part of the millennium, reaching a peak of 20.34% of US oil imports in 2007, has sharply reversed as newly accessible domestic sources of...
As with any rapidly expanding economy, Ghana’s high GDP growth rates have gone hand-in-hand with increased industrial and household consumption, which in turn has pushed up demand for key utilities infrastructure, including water, power and sanitation. While its electricity provision ranks ahead of many of its regional peers, the country is expending significant amounts of...
Targeted to start running by the end of 2014, the Atuabo gas processing plant (GPP) is arguably Ghana’s most anticipated energy project. Once up and running, the project will provide a much-needed source of natural gas feedstock for the country’s power plants – a requirement thrown into relief following the disruptions experienced by the West African Gas Pipeline (WAGP) in...
Previously dominated by multinational firms, Ghana’s oil distribution and retail sector, consisting mainly of bulk delivery companies (BDCs) and oil marketing companies (OMCs), has seen a dramatic rise in domestic participation in recent years. Prior to having its own crude processing facilities before the commissioning of the Tema Oil Refinery (TOR) in 1960, Ghana was fully...
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