The Ghanaian banking sector had a difficult year in 2015, amid weakening macroeconomic conditions in the country. Growth fell below the rate seen in 2014, while non-performing loans (NPLs) rose significantly. However, the sector remains one of the economy’s brightest performers, and the large unbanked population offers plenty of scope for...
The Ghanaian banking sector had a difficult year in 2015, amid weakening macroeconomic conditions in the country. Growth fell below the rate seen in 2014, while non-performing loans rose significantly. However, banks used 2016 to retrench, lower their risk exposure and attempt to turn around weaknesses in their loan portfolios that were held over from 2015. Additional uncertainty created by...
There is strong potential for growth in the Ghanaian insurance sector. The industry is working to design and market products for uninsured populations, including the emerging middle class and those in the informal sector. For its part, the regulator is making efforts to increase capacity among the more than 50 insurance providers, which would allow underwriters to take on larger, riskier...
The Ghanaian capital markets have a long road ahead. Expanding equity listings, promoting the languishing bond market and introducing more sophisticated products will remain as significant challenges in the coming years. Still, Ghana is fortunate to have at its disposal all of the tools necessary to meet these challenges head-on. The question remains, however, whether the country is able to...
The Ghanaian economy is well positioned to accelerate growth, with several key factors likely to encourage expansion in the coming years.
Despite high levels of government debt and the costs associated with hosting hundreds of thousands of refugees, Jordan’s economy has continued to demonstrate remarkable resilience in the face of ongoing regional instability. A raft of far-reaching reforms introduced in 2016, along with newly brokered international agreements, should help the kingdom continue along its slow but steady growth path in the years ahead.
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