Ghana's trade ranking drops from 3rd to 7th in Africa, impacted by a deteriorating economy and reduced trade confidence, per Standard Bank.

Ghana's trade attractiveness has plummeted from 3rd to 7th in Africa, as reported by the Standard Bank Africa Trade Barometer. This decline stems from a deteriorating macroeconomic climate and reduced trade confidence, complicating access to foreign currency for businesses. Finance Minister Dr. Mohammed Amin Adam underscored the need for intra-African trade and cooperation, highlighting the African Continental Free Trade Area as vital for economic recovery and stability.

October 23, 2024
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