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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.
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 nation's ...
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 ...
Tackling these issues will be necessary if Ghana's rapid economic growth is to be maintained. [ 32 ] According to Transparency International 's 2022 Corruption Perception Index , Ghana was ranked 72nd out of 180 countries, with a score of 43 on a scale where a 0–9 score means highly corrupt, and a 90–100 score means very clean.
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 rebase moved Ghana into middle income status and it placed the country as the third largest in the ranking of GDP per person in West Africa behind Cape Verde and Nigeria. After the changes in statistics, the service sector became the largest sector of Ghana's economy with a share of 51%.
Ghana Economic Forum (GEF) is a two-day forum focused on discussions pertaining to issues around the Ghanaian economy. [1] [2] The forum which started about 6 years ago (2012) is organised by the Business & Financial Times and was endorsed in 2017 by the government of Ghana as part of Ghana’s 60th Independence celebrations.