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Analysis of issues shaping African development. April 2012
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Kenya’s 28 percent, Ghana’s 18 percent and South Africa’s 13.6 percent. Ethiopia’s trade deficit is 30 percent of GDP, Ghana’s current account deficit is 13 percent of GDP, and South Africa’s 8.2 percent of GDP. Although unrelated to the financial market crisis in the U.S. (but closely related to the food and fuel price increases of earlier this year), these developments will require early and decisive actions