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| Feature Items Set 2 |
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| Feature Items Set 2 | Research |
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1. 2. Turn on the Taps! - Ghana's Nascent Upstream Oil and Gas Sector The discovery of oil and gas gave Ghana new hope and optimism for accelerated macroeconomic development. The discovery attracted the attention of gloabal investors since 2007 and two years later, the fallout of the global economic crisis necessitated government to make open moves to use the country's new found hope to unlock global economic support... Read more |
3. | In line with our expectations, the International monetary Fund (IMF) and the Central Bank of West African States (BCEAO) expect economic growth to decline to about 3.5% in 2009 on the back of spillover effects from the global crisis. Political instability and conflicts have often deterred foreign investors as member states experience inconsistent and relatively lower economic growth especially in Togo, Guinea-Bissau and Côte d'Ivoire. WAEMU member states therefore failed to mobilise the necessary resources to significantly boost economic growth over the past few years although member states witnessed single-digit inflation figures and exchange rate stability. Despite the global crisis, regional inflation stood at 7.4% in 2008 whilst countries such as Cote d’Ivoire, Senegal and Benin registered ... Read more |
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