Summary

Ghana is taking advantage of global headwinds to navigate its path to growth. Between 2012 and 2021, Ghana's GDP per person grew by an average of 2.3% per year, due to the relatively stable government and focus on economic growth. During the same time, the number of people living below the poverty line dropped from 24.2% in 2012 to 10.7% in 2021. But 2022 has been a rocky year as the Government's stability creed has been tested on almost every front. Even Bolt drivers reportedly switch off air-conditioning during rides to better manage costs.