Ghana Needs Clear Strategy to Benefit from BRICS
Professor Godfred A. Bokpin warns that a partnership with BRICS could boost trade and investment only if Ghana adopts a clear national strategy.
In Brief
- •Professor Godfred A. Bokpin warns that a partnership with BRICS could boost trade and investment only if Ghana adopts a clear national strategy.
- •BRICS accounts for nearly 40% of global GDP, with China projected to become the world’s largest economy by 2050.
- •Ghana’s experience with other international organisations shows the need for deliberate policy to translate membership into development gains.
- •Dalex Finance CEO Joe Jackson echoes the call for a well‑defined strategy to protect national interests.
Why It Matters
The BRICS bloc—Brazil, Russia, India, China and South Africa—has become a major driver of global economic growth, representing almost 40% of world GDP. For Ghana, engaging with BRICS offers a pathway to diversify trade, attract foreign investment and strengthen indigenous enterprises. However, without a coherent strategy, the country risks missing out on these opportunities, as seen in South Africa’s 16‑year experience since joining the bloc. A clear policy framework would enable Ghana to leverage BRICS’ influence while safeguarding its own development priorities.
Key Details
- BRICS share of global GDP
- nearly 40%
- China projected GDP rank by 2050
- world's biggest economy
- South Africa BRICS membership duration
- 16 years
- Ghana strategy recommendation
- clear national strategy needed
- Professor Godfred A. Bokpin affiliation
- University of Ghana Business School
Context & Background
BRICS—Brazil, Russia, India, China and South Africa—has emerged as a key bloc reshaping the global economic order, shifting influence toward emerging markets.
Original Reporting & Sources
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