The world of business in 2021 has been no less than a rollercoaster ride, with ups and downs galore. Businesses all over the world have been forced to adapt to the changes brought about by the pandemic, and Ghana is no exception. In this article, we’ll be taking a look at the top 5 impactful business news stories on GhanaWeb in 2021.
1. Ghana’s economy records growth despite pandemic
The COVID-19 pandemic has been a major challenge to the global economy, but Ghana’s economy has managed to record growth in the midst of the storm. The country’s GDP grew by 3.1% in the first quarter of the year, compared to a contraction of 1.1% in the same period in 2020. This growth was driven by the agricultural, manufacturing, and services sectors.
2. Ghana launches National Entrepreneurship and Innovation Plan
In March, Ghana launched its National Entrepreneurship and Innovation Plan (NEIP) to support entrepreneurship and innovation in the country. The plan includes a range of programs aimed at providing funding, training, and mentorship to entrepreneurs, as well as creating a conducive environment for innovation.
3. Ghana named best country for investment in West Africa
Ghana was named the best country for investment in West Africa by the Rand Merchant Bank’s Where to Invest in Africa 2021 report. The report noted Ghana’s stable economic outlook, investor-friendly policies, and attractive business environment as reasons for its top ranking.
4. Ghanaian startups attract over $200 million in funding
Ghanaian startups have been making waves in the investment world, with over $200 million in funding raised in the first half of 2021 alone. These investments have been driven by sectors such as fintech, healthcare, and e-commerce, and have been seen as a sign of the growing interest in Ghana’s startup ecosystem.
5. Ghana’s first-ever liquid natural gas terminal starts operations
In May, Ghana’s first-ever liquid natural gas (LNG) terminal started operations, marking a significant milestone in the country’s energy sector. The terminal is expected to increase Ghana’s electricity generation capacity and reduce the country’s reliance on oil.
In conclusion, these five impactful business news stories demonstrate Ghana’s resilience and potential for growth despite the challenges of the pandemic. The country’s favorable business environment, supportive policies, and innovative startups make it an attractive destination for investors and entrepreneurs alike. As Ghana continues its economic journey, it’s exciting to see what other positive news stories will emerge in the coming months and years.
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