Like many sub-Saharan African countries, Ghana faces the challenge of formalising a very substantial informal sector that operates primarily outside of the government’s purview. According to the Ghana Statistical Service (GSS), 46.1% of the labour force was employed in the agriculture sector in 2013. Outside of agriculture, 77.7% of the labour...
Which sectors of Ghana’s economy offer the greatest opportunities for foreign investors?
While currencies across Africa slid against the dollar over 2015, the cedi was among the worst performing, falling by 19.6%. After a volatile summer, Ghana’s currency began to stabilise in the third quarter of 2015, ending the year at GHS3.82:$1. This held through the first half of 2016, with the cedi trading in the range of 3.78-4.06 to the...
As part of the three-year fiscal consolidation programme with the IMF that began in 2015, Ghana is looking to accomplish three overarching goals: ensure macroeconomic stability and debt sustainability; promote growth, development and job creation; and maintain social spending to protect the vulnerable. To meet these goals, the Ministry of...
Ghana has a long history of taking a pragmatic approach to its relations with foreign countries. According to Article 40 of the 1992 constitution, the country’s foreign policy is underpinned by a commitment to protecting the interests of Ghana, establishing a just and equitable international, economic, political and social order, promoting the...
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