There is a lot that is right about Ghana and its people. We are enjoying the longest period of stability since independence in 1957. We are a democratic nation, with people who are strongly attached to its freedoms. Our country is rich in human and material resources. We can draw on a significant number of educated, hardworking and...
With GDP expansion forecast at 7.5% in 2019 and monetary and fiscal restructuring under way, the Ghanaian authorities are pushing ahead with a number of programmes to boost the performance of key sectors and promote diversification. The business community, in turn, remains largely optimistic about near-term prospects. In OBG’s third Ghana CEO Survey...
Ghana’s economy is one of the fastest growing in Africa, and its recently established oil and gas industry has made it a target for foreign investment. However, while prospects for continued expansion are good, the state faces a stubborn fiscal deficit and the longer-term challenge of reducing the nation’s reliance on a small number of exports...
As a presidential and parliamentary election year, 2020 represents a key test of the government’s commitment to fiscal responsibility. The current government came to power on a platform of economic competence, promising to break the cycle of spending and debt crises that has challenged the nation’s economic progress for decades. In this regard...
Although trade flows among African states remain below their potential, an ambitious project is under way to accelerate economic integration and significantly expand intra-continental trade. Spearheaded by the African Union (AU), the African Continental Free Trade Area (AfCFTA) agreement was signed in March 2018 and aims to substantially...
When the country’s central bank, the Bank of Ghana (BoG), was first granted the independence to set interest rates in 2002, it faced a turbulent economic scenario, in which the level of inflation had pushed past the 60% mark. Since that time the authority has wielded its rate-setting power to control inflation in the interests of society and...
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