Pathways to structural transformation of the Ghanaian economy--and some roadblocks

While Ghana's economic growth over the last decade has been comparatively strong--annual economic growth averaged approximately 6.8 percent for the period 2010-2019--this growth has largely been driven by minerals and crude oil production rather than by the manufacturing sector, which has a higher propensity to create more jobs. Indeed, Ghana's efforts to encourage structural transformation and build a sophisticated and complex economy continue to be met with significant challenges.