Economic problems eclipse Ghana’s ‘rising star’ status

Ghana is Africa's biggest gold producer after South Africa (photo: dpa)
Ghana is Africa's biggest gold producer after South Africa (photo: dpa)

Ghana, an example to the rest of Africa with the world’s fastest-growing economy in 2011, faces social unrest and turmoil unless government reforms are implemented. Its economy, battered by a global downturn and a drop in commodity prices, needs bailing out by the International Monetary Fund. But austerity measures are increasing unemployment and hardship and resulting in public protests. This could lead to a popular uprising.

GHANA was seen as a role model for sub-Saharan Africa based on a rare combination of stability, successful democratic change and accelerated economic growth. But Africa`s ‘rising star’ - Ghana was the world's fastest-growing economy in 2011 - needs an economic b...

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