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Ghana was an early adopter of the microfinance concept. According to the regulator, the Bank of Ghana (BoG), the first credit union was established in northern Ghana as early as 1955, introduced to the country by Canadian missionaries. A more local financing tradition, susu (where informal agents charge a small fee to hold money and...

The three decades before the 2007-08 global financial crisis were marked by the world’s financial networks being increasingly interconnected. Financial system regulatory convergence, growing penetration of World Trade Organisation rules and the creation of currency unions, such as the euro, resulted in a surge in cross-border capital flows....

Since independence in 1957, Ghana’s foreign policy has been characterised by a core set of interests and values that have remained relatively consistent. As a founding member of the Non-Aligned Movement in 1961, Ghana has been dedicated to maintaining positive neutrality and promoting multilateralism. As the first country in sub-Saharan Africa...

Fiscal policy was at the top of the agenda at the IMF Annual Meeting held in Washington, DC in October 2019, which was attended by finance ministers, central bank governors and private sector executives from around the world. The event provided an opportunity for member countries to issue statements outlining their opinions on the global...