Hydrocarbons remain the mainstay of Algeria’s economy, although following the drop in oil prices since mid-2014, the government is hastening efforts to encourage investment in other sectors, with a particular focus on industry and agriculture. While foreign reserve and government debt levels are under pressure, both appear set to remain reasonably comfortable over the near future.
After sustained GDP expansion over the last decade, reaching into the double digits, the Ghanaian economy has slowed recently due to a drop in export revenues, a depreciating currency and a widened fiscal deficit. However, the new government’s aggressively pro-business agenda and the country’s fundamentals – a developed private sector, political stability, transparent regulatory frameworks and a wealth of natural resources remain attractive.
Over the past five years, Côte d’Ivoire has enjoyed one of the highest economic growth rates in the region. This is down to a combination of factors, including monetary policy stability, significant public investment in infrastructure and, more recently, a recovery in both the agriculture and mining sectors. While there are some headwinds that risk slowing this growth – including low financial intermediation rates, income inequality and a continued dependence on raw commodity exports – Côte d’Ivoire appears to have so far avoided the slowdown that has affected many other economies in the region.