The Republic of Ghana’s turnaround from highly indebted, financially mismanaged stereotype of post-war African failure to poster boy for African economic rebirth has been astonishing.
Since 2001, the country has slashed its national debt, brought inflation under control and achieved steady gross domestic product growth of about 6% a year. Exports of gold and cocoa may have shored up growth, but the government’s extensive financial sector reforms have assured that it is sustainable.
