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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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...

 

While the government has made education a key priority of its reform agenda, the potential for investment in private services is growing. According to the World Bank, in 2016 the youth unemployment rate reached 48% for those between the ages of 15 and 24. Indeed, as this number remains high, many Ghanaians with the means are turning to private...

 

With a growing urban middle class that is currently underserved by health care providers, there are substantial opportunities to offer a range of diverse services in Ghana. The government has made considerable strides in a number of important areas, including the expansion of primary care coverage, infrastructure investment and the combatting...

 

With only a few remaining years to accomplish the goals of Ghana Vision 2020, the country is pushing forward to integrate science and technology into government initiatives, especially in the agriculture sector. In January 2017 President Nana Akufo-Addo announced the state’s renewed commitment to technology in agriculture, emphasising the need...

 

Many factors are increasing pressure on transport infrastructure in Ghana. The urbanisation rate is steadily increasing and is expected to reach 72% by 2035, according to the African Development Fund. The Ministry of Transport (MoT) also reports that the vehicle-to-population ratio grew from 50 vehicles per 1000 people in 2010 to 70 in 2015....