Africa Country Insight: Ghana

Ghana managed to fight off the worst effects of the Covid-19 pandemic last year. While the country’s economic prospects remain largely positive, the slow Covid-19 vaccine rollout is expected to act as a drag on growth in the near term.

What you will learn:

• Ghana’s capital, Accra, is the second-largest consumer market when compared with cities in neighbouring countries. Spending is only higher in Abidjan, Côte d’Ivoire.
• The Covid-19 pandemic slashed Ghana’s tourism industry last year. Our estimations suggest that activity in the sector will only return to pre-pandemic levels around 2024.
• Ghana’s Covid-19 vaccine rollout has been slow, and may prevent the country from fully participating in global economic activity in the near term, thus hampering growth prospects.