Another Ruling Party May Topple in Africa

Ghana faced economic challenges with rising debt, inflation, and currency devaluation, leading to a default and withdrawal of multinational companies. However, recent positive signs include a 6.9% economic growth and an improved credit rating. The government aims to restore investor confidence and boost industries like petroleum and gold mining to regain economic stability.

What was one of the main reasons for the economic challenges faced by Ghana?

• Decrease in gold mining activities

• A surge in inflation and debt

• Increase in multinational operations

• High levels of foreign investment

What major event occurred as a result of Ghana's economic crisis?

• Multinational companies expanded operations

• Ghana's currency appreciated

• The country defaulted on its debt

• Increase in foreign direct investment

Which organization was involved in the restructuring negotiations with Ghana?

• United Nations

• World Bank

• African Union

• International Monetary Fund (IMF)

What recent economic achievement did Ghana experience?

• A drop in credit rating

• A decline in petroleum industry opportunities

• A 6.9% GDP growth in the second quarter

• A decrease in gold production

What is one of the future opportunities for Ghana's economic recovery?

• Reducing gold mining activities

• Reviving the petroleum industry

• Restricting foreign investments

• Increasing debt levels