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Ghana Economic Research Highlights

Driving ESG in Ghana’s mining industry

Edward Koranteng, CEO, Minerals Income Investment Fund (MIIF)

In this Global Platform video, Oxford Business Group speaks with Edward Koranteng, CEO, Minerals Income Investment Fund (MIIF), on Ghana’s mining industry. While Ghana is Africa’s largest gold producer...

Focus Report: Exploring the role of women and youth in Africa's agriculture sector

The last few years have seen marked developments in the dynamic landscape of African agriculture. The continent’s cultivated land has expanded significantly since 2020, contributing to 52%...

Improving the resilience of Africa’s agriculture sector

Despite being home to 60% of the world’s arable land, Africa has yet to unlock its full agricultural potential. The 2023 edition of the “Agriculture in Africa Focus Report”, produced in partnership with OCP Group...

 

Key Analyses from The Report: Ghana 2022

Analysis

How can the private sector help fund Ghana's economic development plans?

For many years Ghana has been one of Africa’s top investment destinations, ranking fifth on the continent for foreign direct investment (FDI) inflows between 2011 and 2020, according to World Bank data. The organisation’s figures show the country receiving $32.5bn in FDI over the period, the second most in West Africa after Nigeria, with $45.1bn. The Covid-19 pandemic, however, saw FDI flows fall worldwide, with Africa as a whole down 16% in 2020. Ghana was no exception: FDI declined from 4.4% of GDP in 2019 to 2.7%...


Analysis

Will Ghana's new fintech office help boost financial inclusion?

Ghana is looking to leverage financial technology ( fintech) to boost participation in the banking sector, utilising digital services that are accessible and affordable to improve customers’ experiences. High levels of mobile phone penetration have facilitated this movement; Ghana boasts West Africa’s highest unique subscriber penetration rate, at 55% in 2020, above the sub-Saharan African average of 44.8%. The authorities are building on the momentum gained from the successful rollout of mobile money services in the...


Analysis

Will Ghana's decade-long plan to drill additional oil wells be successful?

Oil and gas exploration in Ghana has come a long way since the West Africa Oil and Fuel Company dug the country’s first documented discovery well, WAOFCO-2, in the Takanita concession in 1896. Located onshore in the Tano River Basin in western Ghana, the well was approximately 35 metres deep and produced 5 barrels per day (bpd). By comparison, Jubilee Field, which lies 60 km out to sea from the mouth of the Tano River, produced 73,042 bpd, or 19.94m barrels, in January-September 2021. Since the field was...


Analysis

How technology can solve agricultural issues in Ghana

With many of Ghana’s small farmers unable to afford their own tractors and other items of agricultural machinery, planting, harvesting and a variety of other essential tasks are often difficult and labour intensive. However, in recent years the sector has adopted innovative solutions to bridge gaps in mechanisation and financing, as well as facilitate wider growth and reduce costs. At the same time, digitisation is helping build comprehensive databases to support the more efficient targeting and effectiveness of government...


Analysis

How Ghana seeks to bolster local manufacturing capacity

The African Continental Free Trade Area (AfCFTA) was established in 2018 after an agreement between 44 member states of the African Union (AU) and was officially launched in January 2021. The pact aims to significantly reduce or eliminate tariff and non-tariff barriers on the continent, facilitate a single continental market for goods and services, and enable the free movement of people and investment. Ghana’s capital, Accra, hosts the Secretariat of the AfCFTA, which was formally handed over to the AU in August 2020. Ghana aims...


The Report: Ghana 2022

Ghana is the first African country to achieve independence from British colonial rule, and is widely known for its natural resources such as cocoa, as well as its inland water sources. Several measures have been taken...

Industrialisation is key to Africa's integration and future economic growth

Kojo Aduhene, CEO, LMI Holdings

In this Global Platform video Kojo Aduhene, CEO of LMI Holdings, emphasises the importance of industrialisation for the African continent, as well as the key role the private sector can play in...

Special Reports on Africa

Focus Report

Focus Report: How Special Economic Zones are shaping Africa's industrial landscape

As Africa embraces the transformative power of the African Continental Free Trade Area (AfCFTA), Special Economic Zones (SEZs) emerge as pivotal catalysts for regional economic growth...

ESG Intelligence Report

Report: How can West and Central Africa use ESG to boost value-added activities in special economic zones?

Several West and Central African countries have incorporated the UN Sustainable Development Goals in their respective economic growth strategies, driven by a desire from both public and private...

Focus Report

Focus Report: How are Libya's free zones incorporating ESG norms into their business practices?

Given the supply chain disruptions since the Covid-19 pandemic, investment in ports and free zones has become more crucial to the global economy and the resilience of trade. With transport one of the...

Focus Report

Focus Report: Misurata Free Zone positions itself as a gateway to Africa

As a free zone operating outside of Libyan domestic trade legislation, Misurata Free Zone (MFZ) is seeking to leverage its competitive advantages – including complete exemption from national commercial...

Focus Report

Focus Report: Post-pandemic trends and opportunities on African stock exchanges

Although stock exchanges on the continent were affected by the Covid-19 pandemic, recovery is starting to take shape. The crisis underlined the need to build resilience and diversify the investor base...

ESG Intelligence Report

Report: The road to a zero-emission automotive industry in the Middle East and Africa

Automotive stakeholders are increasingly aware that the business-as-usual scenario that has sustained the industry for more than 100 years is no longer tenable. Regulatory changes and emissions-reduction...

Focus Report

Focus Report: Botswana's economic transformation agenda

Significant diamond wealth, good governance and prudent economic management have enabled Botswana to develop into an upper-middle-income country. The Botswana Focus Report explores how...

Focus Report

Focus Report: Ongoing efforts to strengthen Nigeria's health sector

Nigeria has made tangible progress on health indicators in recent years, although structural challenges remain. While the government will continue to play a central role in the pursuit of...

Focus Report: How Special Economic Zones are shaping Africa's industrial landscape
Report: How can West and Central Africa use ESG to boost value-added activities in special economic zones?
Focus Report: How are Libya's free zones incorporating ESG norms into their business practices?
Focus Report: Misurata Free Zone positions itself as a gateway to Africa
Focus Report: Post-pandemic trends and opportunities on African stock exchanges
Report: The road to a zero-emission automotive industry in the Middle East and Africa
Focus Report: Botswana's economic transformation agenda
Focus Report: Ongoing efforts to strengthen Nigeria's health sector
 
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