Ghana Country Note: African Economic Outlook 2014
This Ghana Country Note is extracted from the 2014 African Economic Outlook (AEO), an annual publication of the African Development Bank in conjunction with the OECD Development Centre and the United Nations Development Programme.
The 2014 AEO was based on the theme, “Global Value Chains and Africa’s Industrialization”. From the outlook, Ghana’s economy is expected to maintain robust growth of 8% over the medium term to 2015. This projected growth is bolstered by improved oil and gas production, increased private-sector investment, improved public infrastructure development and sustained political stability.
The chapter argues that promoting the integration of Ghana’s industrial sector into regional value chains could underpin the country’s structural transformation on condition that authorities take measures to improve agricultural productivity, and address challenges in infrastructure and in the business environment. The Chapter also notes Ghana’s substantial progress in meeting the Millennium Development Goals (MDGs).