Ghana has a rapidly growing economy and can count itself as one of Africa’s most mature democracies. But the credibility of its fiscal management was badly damaged last year when it posted a huge budget deficit. Seth Terkper, its minister of finance and economic planning, tells Paul Wallace how he plans to cut it.
Africa
Latest articles from Africa
South Africans slump while the rest of Africa rises
July 1, 2013South Africa's lenders still dominate Africa's banking landscape, but their sluggish 2012 means that the rest are making up ground.
BNP Paribas leads investors deeper into Africa
June 3, 2013A sovereign bond issue by Rwanda took the capital markets into uncharted territory, but the syndicate team at BNP Paribas found investors keen to seize the opportunity to diversify their portfolios.
Cropping up: Opportunities abound in African agriculture
June 3, 2013Africa’s agricultural sector may still be underdeveloped, but it is growing as investors increasingly seek to exploit local and regional sources of demand and develop the continent’s processing capacity. A greater provision of banking services is also helping.
Angola's oil bonanza keeps flowing
May 1, 2013Oil looks set to dominate Angola's economy in the medium term and potentially longer if pre-salt discoveries prove as lucrative as optimists hope. But new regulations in the US and Europe could shake up the industry, while the government hopes to develop gas exports and the mining sector.
Changes loom for booming Angola
May 1, 2013Angola has recovered quickly from its slump four years ago and regained its position as one of the world’s most buoyant economies. But despite that, the country's ruling party will have to adapt to the changing expectations of Angolans, for many of whom peace is no longer enough.
Angola: an economy in progress
May 1, 2013Angola’s government has won plaudits for its macroeconomic reforms since the 2009 crisis, but plenty more are needed to lure foreign investment and modernise what is still one of the world’s toughest business environments.
A new landscape for Angola's fast-growing banks
May 1, 2013Life for Angola’s banks is getting harder, thanks in no small part to falling interest rates and new taxes. But, as the country's economy continues to perform impressively, growth opportunities will remain. The challenge will be to make sure that this growth is sustainable.
Are African investors getting ahead of themselves?
April 25, 2013Rwanda's move into the capital markets may not prove to be a wise decision.