Ghana’s national currency, the cedi, is derived from the Akan word for the cowry shells used as currency during the days when Ghana was referred to as the Gold Coast. The current version of the cedi is the third printing of the currency since independence. Yet, if ECOWAS succeeds in its plan for a unified currency bloc, the latest version of the cedi, introduced in 2007...
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Articles & Analysis | Ghana leads among members of the West African Monetary Zone from The Report: Ghana 2014
Interviews & Viewpoints | President John Dramani Mahama on overcoming short-term headwinds from The Report: Ghana 2014
The nation of Ghana is charting a credible and lasting course for our collective development. We are no longer just another developing country; we are now classified as a middle-income country. To be sure, we are currently at the lower end of the middle-income spectrum, but we are working hard to consolidate this new status so that soon enough, in the foreseeable future...
Articles & Analysis | Chinese investors continue to view Ghana as a hub for expanding exports into West Africa from The Report: Ghana 2014
The most prominent example of Ghana’s efforts to strengthen south-south cooperation and diversify both its trade and investment links can be seen in the evolution of its relationship with China. Ghana’s links with China date back to the 1960s, and Accra has long supported the country in a number of its international imbroglios, including the campaign for re-entry into...
Articles & Analysis | New initiatives to address regional disparities in growth from The Report: Ghana 2014
In spite of the country’s challenging fiscal situation (see Economy chapter), Ghana has been one of Africa’s best-performing economies in recent years, having seen significant jumps in both headline growth and capital inflows. Recent oil discoveries, combined with sustained prices for cocoa and gold, led to an influx of capital and boosted activity in a range of sectors...
Interviews & Viewpoints | OBG talks to Georg Wilfried Schmidt, Regional Director for Sub-Saharan Africa and the Sahel, German Federal Foreign Office from The Report: Ghana 2014
What can emerging markets learn from the success of small and medium-sized enterprises (SMEs) in German-speaking countries?
Articles & Analysis | Oil-fuelled GDP growth set to decelerate as other sectors take the lead from The Report: Ghana 2014
Nestled in the Gulf of Guinea on Africa’s Atlantic Coast, Ghana has developed a reputation as a robust and stable democracy, and with a storied legacy of pan-African initiatives it has long punched above its weight diplomatically. Due to its vast natural resources, Ghana has a strong export profile, although it is somewhat dependent on commodities. It is the world’s...