How can the government reduce the volume of informal activity in the economy?
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Interviews & Viewpoints | OBG talks to Mustapha Ahmed, Acting Minister of Trade and Industry from The Report: Ghana 2014
Articles & Analysis | Fast-growing markets mean new opportunities for international firms from The Report: Ghana 2014
Facing saturation and elusive growth prospects in more established markets, multinational fast-moving consumer goods (FMCG) companies are turning their attention to sub-Saharan Africa, a growing region that, with some exceptions, has been undersupplied when it comes to branded, mass-produced consumer products. A 2012 report by the global consultancy McKinsey Africa...
Articles & Analysis | Changes to corporate and royalty tax rates from The Report: Ghana 2014
Like many resource-rich countries, Ghana aims to strike a balance between ensuring revenues generated by its mineral wealth flow back to public coffers and maintaining a fiscal environment conducive to investment. Changes in recent years have increased taxes and royalties on the sector as the government has looked to both boost income as well as standardise practices...
Articles & Analysis | Production and margins rise and fall with the price of gold from The Report: Ghana 2014
The decline in the global price of gold in 2013 came as costs continued to rise. The resulting squeeze had a significant impact on Ghana’s mining industry, which launched a programme of rationalisation. The stable prices of the following year were too low for some Ghanaian operations to continue, though cost pressures eased. If the gold price rises once more, the leaner...
Articles & Analysis | Minerals exploitation and processing remains a key economic contributor from The Report: Ghana 2014
Occupying ninth place in the global ranking of gold producers, Ghana relies on the precious metal to attract investment, generate jobs and make a major contribution to the economy. Though a fall in the price of gold put a dampener on the sector, and indeed Ghana’s broader economy, in 2013 and 2014, the country’s fundamentals are excellent: it has a long track record, a...
