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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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.

The Ghana Cocoa Board (COCOBOD) has outlined plans to sell bills and notes to fund a nationwide cocoa-replanting programme, in an effort to boost yields following an outbreak of disease.

 

To promote a sector capable of supporting rural development, the government introduced a flexible regulatory framework for microfinance institutions (MFIs) in 2011. Since then, over 500 MFIs have registered in the race for customers, though many have gone bust or been exposed as pyramid schemes. Recently the central bank has renewed efforts to...

 

Since the privatisation of state banks and the liberalisation of industry in the late 1980s, Ghanaian banks have increased in stature and number, and for much of the last decade they have enjoyed strong growth rates and large profit margins. The country’s lenders have maintained their stability, avoiding the domestic crises that have befallen...