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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.
The International Monetary Fund (IMF) has disbursed about $1.9bn to support the country's economic recovery since Ghana signed onto the programme in 2022. However, opposition MPs disagree with ...
For comparison with worldwide scores, the best score was 90 (ranked 1), the average score was 43, and the worst score was 8 (ranked 180). [3] Even though corruption in Ghana is relatively low as compared to other countries in Africa, businesses frequently quote corruption as an obstacle for doing business in the country.
Tackling these issues will be necessary if Ghana's rapid economic growth is to be maintained. [ 31 ] 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.
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.
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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.
The program is claimed to serve as a 'blueprint' for Ghana's economy recovery post COVID-19. [ 6 ] [ 7 ] [ 8 ] According to Osei Kyei Mensah Bonsu , the Ghana CARES program 'is the boldest and biggest economic recovery program in the country's history, will enable the country to turn the challenges created by COVID-19 into opportunities for ...