Ghana Applies to BRICS as Partner Country Amid Mineral Investment
The latest in this situation
- Russia pledges diplomatic backing for Ghana's bid to join the BRICS group, leveraging its influence within the bloc.
- Ghana seeks BRICS membership while also strengthening diplomatic ties with Angola.
- Ghana applies for BRICS membership and seeks alternatives to IMF conditionalities.
- Ghana seeks BRICS membership for economic opportunities and alternatives to the West.
- India announced new investments in Ghana's pharma and railway sectors while Ghana applied for BRICS membership.
How it started
What happened
The cabinet of Ghana approved the country's bid to join the BRICS economic bloc, though officials clarified that Ghana intends to apply as a Partner Country, not for full membership. This decision followed announcements of new investments by India in Ghana's pharma and railway sectors. BRICS is an association of eleven major emerging markets and developing countries.
Why it matters
Ghana is a critical mineral rich country, with mining generating over one third of its exports. The bid seeks to diversify Ghana's international cooperation and position the country within a coalition designed to challenge the dominance of the U.S. dollar. The move strengthens the bloc's platform for consultation on global economic issues.
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Ghana's BRICS bid may expand India's market reach in AfricaIndia's market reach in Africa may expand if Ghana joins BRICSPossible
- Ghana's BRICS bid may reshape China's influence in West AfricaGhana's BRICS bid may reshape China's influence in West AfricaPossible
- Ghana's BRICS bid could strengthen South Africa's economic leverageGhana's bid may boost South Africa's influence within the expanding BRICS blocPossible
- How could Ghana's bid to join the BRICS group affect the International Monetary Fund?Ghana's BRICS bid may reinforce challenges to Western-led financial institutions.Possible
- Ghana's BRICS bid may prompt Bank of Ghana to diversify financial routesThe Bank of Ghana may need to adapt to new financial routes offered by BRICS.Possible
See all 7 possible ripples
How it developed
Newest first. Tap a step to see who reported it.- Russia pledges diplomatic backing for Ghana's bid to join the BRICS group, leveraging its influence within the bloc.Sub-event
Ghana seeks BRICS membership while also strengthening diplomatic ties with Angola.1 source
Ghana applies for BRICS membership and seeks alternatives to IMF conditionalities.1 source
Ghana seeks BRICS membership for economic opportunities and alternatives to the West.1 source
Ghana seeks BRICS membership as the bloc expands to include Brazil, China, and India.1 source
India announced new investments in Ghana's pharma and railway sectors while Ghana applied for BRICS membership.1 source
Ghana officially approved its bid to join the BRICS economic bloc.1 source
Keep exploring
The entities involved
-
Ghana
country in West Africa
-
BRICS
association of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates
Related events
- Ghana hosts a policy forum in Accra focused on African minerals.
- Ghana's business advice was given in Accra.
- A demand was made at a press conference in Accra, Ghana.
- South Africa participated in a BRICS informal meeting in Pretoria while Jacob Zuma attended the G20 Summit in Hangzhou in 2016.
- Ghana seeks BRICS partnership status amid parliamentary scrutiny, while Trump threatens tariffs on allies.
Coverage
Newest first; wire copies grouped- businessghana.com
- ghanaiantimes.com.gh
- businessghana.com
- graphic.com.gh
- theheraldghana.com
- thebftonline.com
- thechronicle.com.gh
- graphic.com.gh
- graphic.com.gh
- graphic.com.gh
- informationng.com
- dailycaller.com
- riotimesonline.com
- graphic.com.gh
- thechronicle.com.gh