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Large swaths of Ghana are facing power blackouts due to gas shortages at a major power facility, the nation’s power operator said, compounding the country’s worst economic crisis in decades.
ACCRA (Reuters) - Public frustration over Ghana's economic travails, including high prices and a dearth of jobs, has dominated the run-up to Saturday's general election, which will likely test the ...
The gold-, oil- and cocoa-producing nation has been battling its worst economic crisis in a generation brought on by spiralling public debt. Multi-day protests over economic crisis grip Ghana's ...
Ghana became the largest gold-producing country in Africa after overtaking South Africa in 2019. [29] The country is also the second-largest cocoa producer (after Ivory Coast). [30] Ghana is rich in diamonds, manganese or manganese ore, bauxite, and oil. Most of its debt was cancelled in 2005, but government spending was later allowed to balloon.
Corruption in Ghana is similar to other countries in the region. [6] Corruption in Ghana affects, among other sectors, natural resource management. Despite government efforts to quell corruption, local elites take advantage of limited transparency and accountability to take control of community natural resources for their personal financial ...
The Ghana banking crisis was a severe banking crisis that affected Ghana between August 2017 and January 2020. The Bank of Ghana (BoG) allowed several indigenous banks to be taken over by private companies between August 2017 and January 2019 after Nana Akufo-Addo was elected president in December 2016.
The Institute of Economic Affairs (IEA), Ghana, is a public policy think tank based in Accra, Ghana. It is known to be Ghana's premier public policy institute. [ 1 ] It was founded by a Ghanaian economist , Dr. Charles Mensa in 1989 at a time when the country was governed by a military regime (Ghana was governed by the Provisional National ...
The Rawlings government that agreed on the demolition of the centre of trade in Ghana thought that devastating Makola would improve the economy. Indeed, there were accusations that various products considered banned in Ghana were being sold in the Makola Market. In this way, the market women were accused of Ghana's economic problems. [7]