Ghana slips from 3rd to 7th in trade rankings due to infrastructure and customs issues.

Ghana has dropped from 3rd to 7th place in the Stanbic Bank Africa Trade Barometer rankings. The decline is due to challenges like poor infrastructure, Customs processes, and dissatisfaction with government support for cross-border trade. Despite these issues, there are some positives, including growth in import and export revenue and business confidence. The government, with support from the IMF, is working on reforms to stabilize the economy.

November 13, 2024
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