Ghana bright spot in Agility Emerging Markets Logistics Index 2022
Ghana, Africa's 8th largest economy, jumped eight spots to No. 32 in the Agility Emerging Markets Logistics Index 2022.
Ghana saw its ranking increase in every element but its eight position rise to 37 in the international logistics opportunities ranking was the strongest, the report said. "No nation in the 50-country Agility Emerging Markets Logistics Index opened eyes as much as Ghana." So is Ghana a model for the rest of the continent? That's not clear, says global logistics company Agility in the report.
Ghana posted GDP growth of 6.6 percent in Q3, far ahead of the forecast rate of 3.5 percent. "The World Bank projects GDP growth for the country to be 5.8 percent in 2022 vs. just 3.5% for sub-Saharan Africa as a whole. What's troubling economists is the country's debt load. Suffocating interest payments could eat up 46 percent of Ghana's government revenues, according to S&P Global."