As is the case in many emerging markets, small and medium-sized enterprises (SMEs) play a crucial role in Ghana’s economy, driving both activity and employment. Still, their impact is lower than it could be due to a challenging operating environment.
Outperformance remains the key feature of Ghana’s economy, seven years after the discovery of oil prompted new optimism in the country, which was then celebrating the golden jubilee of its independence. But the GDP growth experienced in 2012 and in the early part of 2013 has been accompanied by an expansion in government borrowing and a worrying...
In 2012 Ghana found itself in the spotlight for having among the highest GDP growth rates in the world in 2011, thanks to the impact of oil revenues and the rebasing of the economy. The GDP figures released for 2013 show that growth is continuing at a robust rate – at just under 8% – but headline expansion has not resolved the twin current account...
Africa has had a chequered history, and we have gone down the wrong path several times. Today, all of us recognise that it is necessary for society to progress as a single unit and that we cannot achieve the kind of progress we desire when one section of society lives in absolute wealth while the majority of the people wallow in poverty.
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