• Economy

    OBG provides coverage of the major macro-economic trends within local economies, including GDP growth, government budgeting, public debt, balance of payments, monetary policy and long-term development strategies.
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Recent decades have seen a downward convergence in corporate tax regimes as advanced, emerging and developing economies moved to grab a bigger slice of the global investment pie. Headline corporate tax rates have fallen by 20 percentage points since the early 1980s. Alongside lower average rates, special tax incentives aimed at capturing...

 

Long one of the continent’s success stories, Ghana is the birthplace of pan-Africanism and was one of the loudest advocates for independence during the continent’s colonial days. More recently it has promoted regional integration as an active participant in bodies such as the African Union and ECOWAS. The country has also established a strong...

 

What are the difficulties currently affecting integration efforts within ECOWAS?

 

As a founding member of both ECOWAS and the African Union (AU), and an early champion of decolonisation, pan-Africanism and the principles of the Non-Aligned Movement, Ghana has long played a central diplomatic role on the continent.

 

In 2007 Ghana became the first West African nation to issue a eurobond. Demand for the $750m issuance – a 10-year bond with a yield of 8.5% – exceeded supply by a factor of four, prompting other African nations to follow suit. This means that in 2018 nearly $25bn worth of sovereign debt in the region is set to mature. Since its first foray...

 

We believe it is time Africa fully progresses and holds its rightful place on the world stage. This Africa will be honest to herself and the world, and will shed her cloak of poverty and become prosperous. We are not under any illusions about the hard work it will take to achieve our stated goals, but we are not afraid of hard work. A critical...