Global markets are flat and commodity prices are dropping including oil and gold, yet banks in Ghana have experienced a good year. National economic growth rate remains higher than past trends and prospects for the economic outlook appears promising.
Nominal GDP has expanded rapidly when that of our global partners including buyers of our commodities is growing at a much slower pace, in some cases even contracting. There are clear indications that Ghana has great potential, if it can convert its economy from an extractive to a production one. High growths could then be sustained over the medium to long term.
Learn more in the Ghana Banking Survey 2013.