Ghana

Ghana, officially The Republic of Ghana has constitutional Democracy. The capital is Accra with approx. population of 4,399,838

Ghana

Before the Europeans arrived in search of gold, the west coast of Africa was part of an ancient trade route. In 1471, Portuguese traders came ashore and noticed that the local people wore gold jewelry. People from Portugal, Denmark, the Netherlands, Germany, and Britain came to the Gold Coast to search for gold. The British took control of the country in the 20th century and declared the Gold Coast a colony of the British Empire.

Ghana

Ghana GDP is USD 3,500 per capita and last years economic growth was 6.8%. Ghana´s top export is gold and cocoa

GHANA COUNTRY PROFILE

ECONOMIC GROWTH

 

Economy and society
The World Bank classifies Ghana as a Lower Middle Income country, placing it among the developing countries. GDP amounted to US$ 40.71 billion in 2012, and while an annual average growth in GDP was estimated at 7.5% in 2011-2012, the annual average growth is forecast to be 7.8% in 2012-2013 (World Development Indicators, 2013). Thus, Ghana offers annual growth rates in GDP close to those of China and exceeding those of Vietnam, the Philippines, Indonesia, India, Mexico, Brazil, Russia and other conventionally preferred locations for doing business.
Overall, the Sub-Saharan African economy has generated resilient growth, despite sluggish global trends. In 2012, growth in Sub-Saharan GDP reached an estimated 4.6%, placing the region third among developing regions (World Development Indicators, 2013). Especially low-income countries offer high growth rates. Explanations are to found in a solid domestic demand, high commodity prices, rising exports, and remittance flows. These developments are backed by a longer period of relative stability, an increasingly competitive business environment, and poverty reduction.
Ghana, however, faces a number of societal challenges. Despite significant improvements, 28.5% of the population lives below the national poverty line. An although life expectancy exceeds the average in Sub-Saharan Africa, life expectancy at birth in Ghana is 61 years compared to 79.8 in Denmark (World Development Indicators, 2013). 86% of the population have unimproved access to sanitation facilities and 14% of the population have unimproved drinking water sources – particularly in rural areas. Generally, the risk of infectious diseases is very high, and issues such as illiteracy and child labour remain (CIA World Factbook).

GHANA COUNTRY PROFILE

 

In 1957, Ghana was the first Sub-Saharan country to gain its independence in colonial Africa. Situated in Western Africa, bordering countries are Burkina Faso, Côte d’Ivoire, and Togo, and along with a coastline spanning 539 km, Ghana offers a tropical climate. The official language is English and Ghanas population reached 25,199,6009 in 2013.

The largest sectors are agriculture, which employs 56% of the population, industry and services. In agriculture, primary products are cocoa, rice, cassava, peanuts, corn, shea nuts, bananas, and timber. Major industries are mining, lumbering, light manufacturing, aluminium smelting, food processing, cement and small commercial ship building.
Source: CIA World Factbook

MAIN SECTORS

 

The Key sectors in Ghana are:

  • Energy / Oil / Offshore
  • Health
  • Infrastructure
  • Environment
  • Food & Agriculture
  • Hospitality & Service