The Ghanaian economy and how it’s now proven real in the country are highlighted in the Africa Attractiveness Report. The one that was revealed in Ghana is quite concerning.
Ghana, despite having the ability to make substantial progress in this all-important strata of the economy, has been plagued by a succession of standstills and hiatuses that have made it impossible for it to achieve its goal.
Here’s an eye-opening revelation gleaned from attractiveness research on Ghana’s economy and other massive African mega economies.
Ghana will borrow $5 billion from the financial markets, bringing its debt level to more than 80% of GDP.
• Electricity outages, significant unemployment, and widespread theft in two areas in South Africa have resulted in a lower reduction of GDP expectations to 3.5 percent.
• In 2020, Mozambique was one of the African countries in debt difficulty, with a debt-to-GDP ratio of 120 percent.
• The main investment destinations are French-speaking Sub-Saharan Africa, Côte d’Ivoire, and Senegal.
•Morocco and Egypt will respectively attract the majority of investment in the North.
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