Over the past several decades, Ghana has emerged as a potentially highly attractive destination for foreign investment.

Boasting an abundance of raw materials (gold, cocoa, oil and gas), proven political stability, a strong and independent media, and unimpeded rights to free speech, Ghana appears to have all the tools needed to prosper. Yet Ghana has not yet managed to successfully exploit these advantages.

Highly dependent on the export of oil, gold and cocoa, weak global commodity prices have hit the country hard. Compounded by serious government mismanagement, since 2013 its economy has suffered from a growing public deficit, high inflation, and a weakening currency, all of which culminated in the former government entering into a US $918 million three-year International Monetary Fund (IMF) Extended Credit Facility (ECF) to restore economic stability.

Ghana’s economic woes have only been exacerbated by what the IMF calls “the single-most important risk” to economic recovery and a “major threat” to growth. Power cuts.