GHANA: At more than twice the deficit ceiling, is this rock-bottom yet?
Last week’s mid-year budget review paints a dire picture of Ghana’s fiscal position, but things could get even worse as steeper budget overruns loom in the context of the general elections scheduled for 7 December. In fact, the Covid-19 pandemic provides the perfect cover to rais… Become a member to read the rest of […]
GHANA: Supreme Court decision jeopardizes integrity of the 2020 election
On 25 June, Ghana’s Supreme Court dismissed a case filed by the opposition National Democratic Congress (NDC) against the Electoral Commission of Ghana (EC). The latter can now go ahead and compile an entirely new electoral register ahead of the 7 December general election. Cruci… Become a member to read the rest of this […]
GHANA: Partial lockdown lifted, other measures kept in place
On 19 April, President Nana Akufo-Addo announced the lifting of the partial lockdown that had been in place in the capital Accra and the commercial hub Kumasi since 30 March. However, other social distancing measures and travel restrictions will remain in place. Akufo-Addo hinted… Become a member to read the rest of this article
GHANA: IMF support secured, but contingent liabilities persist
On 13 April, the IMF Executive Board approved the disbursement of USD 1bn under the Rapid Credit Facility (RCF), which is by far the largest disbursement from this facility to any country during the Covid-19 crisis so far. The funds will enable the government to address Ghana’s s… Become a member to read the rest […]
GHANA: A strong COVID-19 response as the deficit target comes under pressure
The government appears to be the most proactive in the fight against COVID-19 compared with West African peers, both in terms of containment measures and its efforts to soften the economic impact of the disease. The display of strong leadership is likely to provide a popularity b… Become a member to read the rest […]
GHANA: Akufo-Addo’s costly popularity boost
President Nana Akufo-Addo’s announcement last week that he would run in the 7 December presidential election comes as no surprise. The weakness of the opposition makes Akufo-Addo the frontrunner, rather than his popularity or the impressive economic headline numbers. In this rega… Become a member to read the rest of this article