Looking to diversify trade relations outside its traditional area of focus, Morocco has taken steps to deepen its relationship with the continent in general. Moroccan trade with Africa was worth Dh37.3bn (€3.35bn) in 2017, according to latest full year data from the Office des Changes, equivalent to 5.4% of the value of the kingdom’s total...
The economy registered positive growth in 2018, albeit at a slower rate than in the year prior. Real GDP expanded 5.4% year-on-year (y-o-y) in the first half of 2018 compared to 7.8% in the same period of 2017, according to the budget statement presented to Parliament in November 2018. Momentum picked up between July and September, when GDP...
Global trade faces protectionist headwinds that are dampening the outlook for growth in the coming years. According to the World Trade Organisation, trade volume grew by 4.7% in 2017 and is expected to have moderated slightly to 4.4% in 2018 and dip to 4% in 2019. Although growth will fall below the 4.8% average seen since 1990, it is still...
Now in the third decade of its fourth republic since independence, Ghana has enjoyed a protracted period of civilian rule in recent times, with democratic governance firmly established by a series of largely peaceful elections. As a presidential and unitary republic, with a unicameral legislature and independent judiciary, Ghana also...
The year 2018 was trying for the Ghanaian economy, with plans to schedule an exit from an IMF credit deal by year-end, ongoing fiscal and monetary reforms, and an historic consolidation agenda for the banking sector. Despite the scope of adjustments, sentiment among the business community has remained robust, with 93% of respondents having...
In 1957 Ghana became the first African country to achieve independence from a European colonial power, and today it is one of the continent’s most vibrant democracies. A nation of great diversity in landscapes, languages and ethnicities, Ghana has seen a steady improvement in its people’s well-being over the years. With a GDP of GHS256.6bn ($...
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