In the past decade Ghana experienced poor economic growth, accumulated significant national debt, and in 2005 sought the support of the IMF to the tune of $918m.
In 2017 President Akufo-Addo was elected into office and there are positive early signs that economic stability will return. In 2017 economic growth rebounded to 8.5% - its strongest in 5 years - repositioning Ghana as one of the continent’s fastest growing economies.
Projections for 2018 remain positive. President Akufo-Addo has laid out an ambitious agenda to promote industrialisation: he wants to maximise the potential of the country’s abundant natural resources, while delivering social and infrastructure reforms to ensure inclusive growth. He has also set a key national strategic objective to develop a plan that enables Ghana to graduate from development assistance.
Effective governance is essential to drive this ambitious agenda and build the required economic activity to sustain public services without global aid. That’s why the Institute is supporting the Government of Ghana. Working shoulder to shoulder with Ghanaian public servants, our team supports the implementation of flagship initiatives to improve the lives of Ghanaians.