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Ghana Risk Review: October 2020

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Ghana Risk Review: October 2020 1 Oct 20 Ghana Risk Review: October 2020 Prepared for Omega Risk Solutions by Keith Campbell Consulting Ltd www.kccltd.co.uk Table of Contents LIST OF TABLES ................................................................................................................ 3 COUNTRY PROFILE ........................................................................................................... 1 ........................................................................................................................................ 4 EXECUTIVE SUMMARY ..................................................................................................... 5 POLITICAL ...................................................................................................................... 17 SEPT – OCT 2020 HEADLINES.................................................................................................... 17 POLITICAL STABILITY ................................................................................................................. 18 GOVERNMENT EFFECTIVENESS ................................................................................................... 27 INSTITUTIONAL BALANCE/FUNCTIONING ..................................................................................... 30 INTERNATIONAL RELATIONS ....................................................................................................... 31 OPERATIONAL ................................................................................................................ 34 SEPT - OCT 2020 HEADLINES .................................................................................................... 34 General............................................................................................................................ 35 Power .............................................................................................................................. 35 Aviation ........................................................................................................................... 37 Roads/Transport ............................................................................................................. 37 Rail .................................................................................................................................. 40 Water .............................................................................................................................. 40 Ports ................................................................................................................................ 42 Telecommunication/ICT .................................................................................................. 42 SMALL SCALE/ILLEGAL MINING .................................................................................................. 43 HEALTH .................................................................................................................................. 44 CORRUPTION/FRAUD/EMBEZZLEMENT/MISMANAGEMENT ............................................................ 45 BUREAUCRACY ........................................................................................................................ 48 LABOUR MILITANCY ................................................................................................................. 48 ENVIRONMENTAL ACTIVISM/LEGISLATION ................................................................................... 49 SECURITY ....................................................................................................................... 51 SEPT - OCT 2020 HEADLINES .................................................................................................... 51 GENERAL ................................................................................................................................ 52 MARITIME .............................................................................................................................. 52 PUBLIC ORDER ........................................................................................................................ 54 CRIME ................................................................................................................................... 55 ECONOMY ..................................................................................................................... 58 SEPT - OCT 2020 HEADLINES .................................................................................................... 58 GENERAL CONDITION ............................................................................................................... 59 MONETARY ASPECTS ................................................................................................................ 60 FISCAL ASPECTS ....................................................................................................................... 61 TRADE AND INVESTMENT .......................................................................................................... 63 SECTOR .................................................................................................................................. 63 Banking/Finance ............................................................................................................. 63 Agriculture and Fishing ................................................................................................... 65 Mining ............................................................................................................................. 68 Oil & Gas ......................................................................................................................... 68 APPROACH ............................................................................................................................. 70 RISK FACTORS AND SUB-RISK FACTORS ......................................................................................... 72 USEFUL LINKS ................................................................................................................ 73 List of Figures Figure 1: Ghana ____________________________________________________________________________________________ 1 Figure 2: Seats by Party, 2016 _____________________________________________________________________________ 2 Figure 3: Provisional Election Results, 2016 (%) ___________________________________________________________ 2 Figure 4: Ghana Administrative Regions __________________________________________________________________ 3 Figure 5: Infrastructure ____________________________________________________________________________________ 4 Figure 6: 3 x 3 Risk Matrix _______________________________________________________________________________ 70 Figure 7: Risk Level Explanation _________________________________________________________________________ 71 Figure 8: Consolidated Political Risk _____________________________________________________________________ 72 Figure 9: Consolidated Operational Risk ________________________________________________________________ 72 Figure 10: Consolidated Security Risk ___________________________________________________________________ 72 Figure 11: Consolidated Economic Risk __________________________________________________________________ 72 List of Tables Table 1: Key Dates - Politics __________________________________________________ 18 Table 2: Key Dates - Operational ______________________________________________ 27 Table 3: Key Dates - Security _________________________________________________ 39 Table 4: Key Events - Economics _______________________________________________ 47 [GHANA RISK REVIEW: OCTOBER 2020] 1 Country Profile Area: 238 533 sq km Population: 29,340,248 (July 2020 est.) Capital City: Accra Other Major Cities: Kumasi (1.773 million) People: Akan 47.5%, Mole-Dagbon 16.6%, Ewe 13.9%, Ga-Dangme 7.4%, Gurma 5.7%, Guan 3.7%, Grusi 2.5%, Mande-Busanga 1.1%, other 1.6% (2010 census) Language(s): English (official) Asante 14.8%, Ewe 12.7%, Fante 9.9%, Boron (Brong) 4.6%, Dagomba 4.3%, Dangme 4.3%, Dagarte (Dagaba) 3.7%, Akyem 3.4%, Ga 3.4%, Akuapem 2.9%, other (includes English (official)) 36.1% (2000 census) Religion(s): Christian 71.2% (Pentecostal/Charismatic 28.3%, Protestant 18.4%, Catholic 13.1%, other 11.4%), Muslim 17.6%, traditional 5.2%, Figure 1: Ghana other 0.8%, none 5.2% (2010 census) Currency: Cedi (GHC) Major political parties: Convention People's Party or CPP [Dr Edmund DELLE]; Democratic Freedom Party or DFP [Obed Yao ASAMOAH]; Democratic People’s Party or DPP [T.N. WARD BREW]; Every Ghanaian Living Everywhere or EGLE [Henry GIDI]; Great Consolidated Popular Party or GCPP [Dr Henry LARTEY]; National Democratic Congress or NDC [Samuel OFOSU-AMPOFO]; National Democratic Party or NDP [Nii Armah JOSIAH-AYEH]; New Patriotic Party or NPP [Freddie BLAY]; People's National Convention or PNC [Bernard Anbataayela MORNAH] Government: Republic Independence: 6 March 1957 (from UK) Administrative Divisions: Ten regions: Ashanti, Brong-Ahafo, Central, Eastern, Greater Accra, Northern, Upper East, Upper West, Volta, and Western Chief of State: President Nana AKUFO-ADDO won election 7 December 2016. The president is both the chief of state and head of government. Vice President: Dr Mahamudu BAWUMIA Key Ministers: Minister for the Interior - Ambrose Dery Minister for National Security - Albert Kan-Dapaah Minister for Energy and Petroleum – John-Peter
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