Ghana Articles & Analysis

Ghana continues to be one of the most stable countries in sub-Saharan Africa and has developed substantially over the years. Now one of Africa’s fastest-growing economies, the country is starting to move away from traditional resource dependency. However, it faces the challenge of ensuring the widest benefit from that expansion, given its growing and increasingly urbanised population.

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Amid continuing diversification efforts, an expansion of mining and oil and gas activity helped Ghana maintain its status as one of Africa’s fastest-growing economies in 2019.

Following the passage of the Companies Act 2019 (Act 992), Ghana is stepping up efforts to pass a new insolvency law by the end of the year, as part of measures to further improve the business environment.

How do you expect Ghana’s outsourcing industry to develop?

The Ghanaian authorities have continued their efforts to clean up the country’s financial sector following a fresh round of financial institution closures.

 

The revision of investment guidelines for private pension funds in 2017 has rekindled local interest in private equity (PE), giving some local PE fund managers a reason to focus their fundraising lens on private pension funds. This push, as advocated for by industry stakeholders, will enable pension funds to invest directly and make an impact...

 

Avoiding a crisis in the investment industry will involve a clear-headed, firm approach from the regulator. Media coverage has mostly highlighted failed banks and the crisis in the banking sector, but few firms in the broader financial services industry have been left unscathed. Across the industry, firms that may have been exposed to the...