Trade in Business Services’ Booms: The Case of Ghana
Date
2025
Authors
Andrea Ariu
Journal Title
Journal ISSN
Volume Title
Publisher
AERC
Abstract
This paper analyzes the growth of trade in business services with a particular focus on Ghana. This country has experienced the fastest and most important increase in business services in recent years. This spectacular growth has led Ghana to export as much as a developed country and improved its economy. The main factor underneath this growth is the improved capacity to export business services, which is likely to be accounted for by an impressive inflow of foreign companies attracted by the economic and political conditions, together with the establishment of the Secretariat of the African Continental Free Trade Area in the country. These results are not specific to Ghana. In other African and non-African countries, supply-side determinants are the main propellant of growth in the export of business services.