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Ghana

Ghana

Population: 26.4 mn.
GDP: $35.5 bn.
Debt: $15.8 bn.
Overview:

Faced with power cuts, delays on gas production and lower oil export revenue, President John Mahama's government has secured a loan of almost US1 billion from the International Monetary Fund. Opposition leader Nana Akufo-Addo is campaigning for economic reform and building support ahead of elections in late 2016.

news from Ghana

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Found 188 articles.

Displaying 1-10 out of 188 results.

The politics of dumsor-dumsor

Power cuts, job losses and an IMF deal show the limits of government promises of economic change

Almost every African country has its power crisis. Lack of electricity from Angola to Zimbabwe holds back economic growth, education and health services. In some states such as Gha...


Oil price down, debts up

Movement on a deal between the government and the IMF is slowing as concern grows over ballooning debts

Hopes that the government would agree a three-year programme worth US$1 billion with the International Monetary Fund this month have been thwarted by worries over debt, deficits an...


Finding the funds

Accra's economic team is set to resume negotiations for a three-year programme with the International Monetary Fund after the IMF's annual meetings on 10-12 October. Prospects for ...


Popping the gas balloon

Opacity and mismanagement in the oil and gas sector have turned financial problems into a much deeper economic crisis

Fixing the worsening crisis in the oil, gas and electricity industries is a key issue in this month's finance negotiations with investors and the International Monetary Fund. Not o...


Red is the colour

A banner-waving alliance of professionals and trades unionists is highlighting the growing economic hardships and shaking up the political scene

A clever campaign against worsening economic conditions – known as Red Friday – is gaining momentum after several thousand activists marched through Accra on 24 July. T...

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Letting a crisis go to waste

Far from cruising to an inevitable electoral victory in 2016, the opposition New Patriotic Party has been left looking flat-footed, even as the government's troubles have multiplie...


The wizard of Accra

Short-term economic worries and the government’s tin ear on corruption claims are wobbling Mahama’s presidency

Opposition activists like to portray President John Dramani Mahama as a kind of latter day Wizard of Oz, appearing to preside over a functioning government and thriving economy whe...


Deficit blues

Tough times are looming after years of high growth and political stability in an oil and gold producing economy

The harsh realities behind Finance Minister Seth Terkper’s budget speech on 19 November suggest a turbulent year ahead for the government. Officials recommend some tough and ...


Drill-ship in the dock

Top politicians are battling it out in the courts again, this time over claims of corruption the two main parties are throwing at each other

Power-brokers in the governing National Democratic Congress and opposition New Patriotic Party are squaring up for a fresh courtroom battle after the Supreme Court upheld President...


Displaying 1-10 out of 188 results.