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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 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 ...
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 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 ...
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.
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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 ...
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.