• Economy

    OBG provides coverage of the major macro-economic trends within local economies, including GDP growth, government budgeting, public debt, balance of payments, monetary policy and long-term development strategies.
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Chapter | Table of Contents from The Report: Ghana 2014

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Chapter | The Guide from The Report: Ghana 2014

This section includes information on hotels, government and other listings, alongside useful tips for visitors on topics like currency, visas, language, communications, dress, business hours and electricity.

Chapter | Economy from The Report: Ghana 2014

A few years ago, Ghana’s economy was one of the fastest growing in the world, with GDP growth rates stretching above 14%. But there has been a noticeable change from the unconstrained optimism of recent years. Ghana has missed fiscal deficit targets that, if lower than five years ago, are nonetheless creeping upwards, and the country is beset by rising inflation and a weak currency. As a...

Chapter | Country Profile from The Report: Ghana 2014

By dint of its history, Ghana has long had strong social, political and economic ties to both the US and UK, and to a lesser extent other Western European countries. Ghana is also an active member within the UN and has routinely served on UN peacekeeping missions. Closer to home Ghana is beginning to strengthen ties with its larger neighbour, Nigeria. The US and UK have long been among Ghana’s...

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. While the recent oil boom following the discovery of the offshore Jubilee field in 2007 has helped to fuel GDP growth as much as 14% over recent years, it is now projected to slow to a more modest 4.5% in 2014.

A solid performance from the non-oil sector and increased state spending are forecast to drive economic growth in Bahrain above both regional and global averages this year, though falling oil prices and rising debt levels could impact expansion in 2015. 

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