Ghana Articles & Analysis

Since assuming power in January 2017 the administration of President Nana Akufo-Addo has moved to rein in fiscal spending, industrialise rural regions and improve the business environment in order to jump-start economic growth. The government has brought down the fiscal deficit and freed up capital spending for priority projects, and Ghana’s economic prospects appear strong for 2018.

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Ghana is pushing ahead with efforts to strengthen its domestic banking sector, encouraging the consolidation of local institutions.

Ghana is exploring new investments to increase its returns on agricultural output, with the development of value-added projects aimed at expanding agro-processing capacity.

Momentum in Ghana’s hydrocarbons industry is increasing, with a new offshore field entering production, and the prospect of more oil and gas leases to be offered for exploration.

The recent launch of Ghana’s long-awaited mobile money interoperability platform is expected to deepen financial inclusion and further the central bank’s “cash-lite” agenda.

A new terminal set to open at Accra’s Kotoka International Airport (KIA) aims to ease congestion and is expected to help facilitate tourism growth in Ghana.

Ghana’s mining industry could see investment levels rise on the back of government efforts to improve the business environment and announcements that key gold mines are preparing to reopen or expand operations.