Economy

Situated in the Gulf of Guinea on Africa’s western seaboard, the natural resources of Ghana and its emergence as a stable democracy have established the country as a prominent player in the region. It is the world’s second-largest exporter of cocoa, behind neighbouring Côte d’Ivoire, and one of the continent’s largest gold producers....

Rising external pressures, as well as a drop in key foreign currency earners and export revenues have caused the Ghanaian cedi to struggle in recent years. The combination of internal and external challenges includes the country’s balance sheet, commodity prices, the cost of imported oil and gas for power generation, and the rising demand for...

A macroeconomic overhaul is currently under way in Ghana, including in its borrowing practices. A shift is being made to reduce bond issuance in the domestic market, to extend the overall maturity of its existing debt profile and to lower the debt-toGDP ratio, which stood at 65.3% at the end of the first quarter of 2015, according to...

Ghana’s outward-looking stance with regard to regional relations is to some extent an inheritance from its first president, Kwarme Nkrumah. The newly independent nation’s foreign policy was predicated upon a call for a united Africa, which would culminate in a political, social and economic integration across the continent. The proposition was...

One of the principal attractions of Ghana as an investment destination is its status as one of the most well-governed and stable states in the region. It is now more than two decades since the multiparty system was first re-established by a new constitution, and during this time there has been a consolidation of democratic principles in the...

Home to sizeable reserves of clay, limestone and sand, but few petroleum resources and fewer than 500,000 residents, Ras Al Khaimah holds a unique position among the UAE’s seven emirates, maintaining a less frenetic pace of life even as its GDP growth rises above the national average.