Ghana

Capital: Accra; GDP growth (annual %) 2016: 3.6%
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Key Facts
Full name: Republic of Ghana
Population: 25 million (UN, 2011)
Area: 238,533 sq km (92,098 sq miles)
Major languages: English, African languages including Akan, Ewe
Major religions: Christianity, indigenous beliefs, Islam
Life expectancy: 64years (men), 66 years (women) (UN)
Monetary unit: Cedi
Main exports: Gold, cocoa, timber, tuna, bauxite, aluminium, manganese ore, diamonds
GNI per capita: US $1,230 (World Bank, 2010)
Internet domain: .gh
International dialling code: +233

 
  • Top 10 Most Attractive Investment Destinations In Africa

    2017/08/20

    Africa’s feverish increase has decelerated in recent years and a lot of nations have buckled under the pressure of falling resource prices, security disruptions, fiscal imprudence and adverse weather conditions.

  • Economic Overview

    2017/05/31

    Ghana

    IMF and private support help cope with financing needs

  • Climate change laws around the world

    2017/05/14

    There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.

    The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.

  • Ghana Year in Review 2016

    2017/04/17

    Soft commodity prices, disruptions to oil and gas production, and a depreciating currency saw Ghana’s economy slow in 2016, though the country’s new government is expected to benefit from a strong rebound over the coming year.

    Ghana closed out 2016 with a new chief of national. Nana Akufo-Addo, leader of the opposition New Patriotic Party (NPP), defeated John Dramani Mahama from the National Democratic Congress in the December presidential election.

    The NPP, which has outlined an intensely pro-business schedule, as well won a clear majority in the parliamentary election, with a net gain of 49 seats in the legislature, taking its total to 170 in the 275-seat body.

  • Classroom at the rural primary school Ecole Keur Madaro near Thies, Senegal.

    2016/05/28

    Over the last 15 years, West African governments and the international community have been successful at expanding access to primary schooling and from presently on, a ground-breaking regional learning assessment has revealed that the quality of education has remained elusive. The majority of children surveyed were not acquiring the basic literacy and math skills that are crucial for building human capital in the region.

  • The economic outlook in Ghana is brightening

    2015/12/20

    The economic outlook in Ghana is brightening, with GDP increase gaining momentum late in the year.

    While weaker commodity prices and climbing inflation inhibited economic expansion for much of 2015, measures to stabilise prices and curb national spending appear to be having a moderating result.

    According to the new data from the Ghana Statistical Service (GSS), issued at the end of September, GDP increase is presently projected to reach 4.1% by the end of 2015, up from its July estimate of 3.5%.

  • Ghana Year in Review 2014

    2015/01/23

    Although room for fiscal manoeuvring has shrunk in Ghana in recent months, the government’s subsequent efforts to tighten spending and boost revenues is being welcomed by investors and lenders. Cuts to public expenditures and lower oil gain will likely further slow increase in 2015, but strong output from the agriculture industry and improving performance from service sectors should help ensure a favourable medium-term outlook.
    Belt tightening

  • Ghana has cut its increase target for this year

    2014/09/14

    Having been part the continent’s fastest-growing economies on the back of an oil-fuelled boom, Ghana has cut its increase target for this year and revised its estimate for inflation and budget deficit upwards as a result of slowing commodity revenues and high current spending.

  • Ghana Year in Review 2013

    2014/03/04

    Ghana enters 2014 still ranking as one of the best-performing economies in the region – and by some measures, the world. While increase may have trimmed a little in 2013 due to international factors, it remains comparatively high, driven by capital flows stimulated largely by the oil sector.

  • Building for a lifetime, lasting through generations, Ghana

    2017/08/17

    Ibrahim Bah, Managing Director of Regimanuel Gray Limited (RGL), discusses the performance of the real estate sector in Ghana and how RGL strives to be the market leader particularly in terms of technology or advancing construction techniques.

  • Mr Ghassan Yared, CEO of Forewin Group

    2017/08/11

    In this interview with The Worldfolio, Mr. Ghassan Yared, CEO of Forewin Group, discusses the role of the private sector in Ghana’s economic increase, how Forewin Group has managed to diversify into one of Ghana’s biggest conglomerates and their new venture with Actis, “The Exchange” project.

  • Mr. Emmanuel Kofi Nti Commissioner General of Ghana Revenue Authority

    2017/07/02

    In this interview with The Worldfolio, Emmanuel Kofi Nti, Commissioner General of the Ghana Revenue Authority, discusses the importance of domestic revenue mobilization for the sustained socioeconomic development of the country, and how Ghana is moving from an ‘up-front tax to back-room tax’, allowing businesses to become additional competitive

    Like the rest of the world, Africa remains uncertain about what is approaching next world geopolitical shifts like Donald Trump’s election in the US and the upcoming Brexit. How can Africa take chance of this world landscape and gain investor confidence?

  • Africa: Making Things Happen at the Bank - 'Not a Talk Shop' - Akin Adesina

    2017/07/02

    Dr. Akinwumi Adesina is focusing on five areas to achieve the African and world goals for a prosperous continent since becoming president of the African Development Bank - Africa's major public financial institution in September 2015. He was a keynote speaker at this month's Corporate Council on Africa's U.S.- Africa Business Summit in Washington D.C. and moderated a lively panel with five African government ministers. He as well received the Gene White Lifetime Succcess Award from the World Child Nutrition Foundation. This week, he was named the 2017 recipient of the World Food Prize, a prestigious honor that includes a $250,000 award. In an interview in Washington, DC, Adesina discussed the Development Bank's ambitious schedule and his vision for attracting the increase capital Africa needs. Posting questions for AllAfrica was Noluthando Crockett-Ntonga.

  • Dr Elikem Tamaklo, Managing Director, Nyaho Medical Centre, on the health care needs of Ghana

    2016/11/24

    How have the rise of chronic and non-communicable diseases (NCDs) impacted Ghana?

  • Philip Sowah, CEO Airtel Ghana

    2014/01/01

    You can’t deny the fact that Mr Philip Sowah is a thorough bred in his field. The amiable Managing Director of Airtel Ghana Ltd is a definite goal getter. His track records show so easily. Prior to joining Airtel Ghana, Sowah was the Chief Officer of Onetouch (presently Vodafone Ghana) where he championed its aggressive expansion from 160,000 to 1.3 million subscribers.

  • CEO explains success of ASKY Airlines

    2013/08/12

    Speaking in an interview with the Ghana news Agency (GNA) in Accra, Mr. Awel , CEO of the Gambia based ASKY airlines, said the airline's major goal was to connect all capital cities in Africa with daily flights in order to relieve movement within the continent and it was making great strides in that regard.

    ASKY, he noted, currently served about 22 destinations, mainly in West and Central Africa with two or three weekly flights.

    The destinations include Benin, Burkina Faso, Cameroun, DR Congo, Chad, Gabon, Ghana, Liberia, Mali, Republic of Congo, Niger, Nigeria, Senegal and Sierra Leone.

  • Ghana - Dr Theresa Oppong Beeko, CEO of Manet Housing

    2013/08/08

    A “field day” awaits developers looking to get involved in Ghana’s low-income housing sector. Theresa Oppong-Beeko, CEO of Ghana’s Manet Group talks to Upper Reach about the need for truly affordable housing, land issues, the company’s new interest in building office spaces and the key role of the private sector in advancing the country’s development. 

  • Andreas Karlsson is the Chief of Supply for Ericsson in sub-Saharan Africa

    2013/04/25

    Andreas Karlsson is the Chief of Supply for Ericsson in sub-Saharan Africa & Country Manager for Ericsson Ghana. Ericsson is Africa’s leading provider of communications technology and services and employs over 3,000 professionals who support additional than 100 customers in 43 nations across sub-Saharan Africa.

  • Kofi A. Annan

    2013/01/13

    As Secretary-General, Mr. Annan has given priority to revitalizing the UN through a comprehensive programme of reform; strengthening the Organization’s traditional work in the areas of development and the maintenance of international peace and security; advocating human rights, the policy of law and the universal values of equality, tolerance and human dignity; restoring public confidence in the Organization by reaching out to new partners and, in his words, by “bringing the United Nations closer to the people”.

  • 2013 saw smooth evolution in the friendly and cooperative relations between China and Ghana

    2015/10/03

    The year 2013 saw smooth evolution in the friendly and cooperative relations between the People's Republic of China and the Republic of Ghana, and exchanges and cooperation in various areas continued to deepen.

    High-level exchanges maintained good momentum. In January, as the Appropriate Envoy of President Hu Jintao, Minister of Water Resources Chen Lei attended the inauguration ceremony of Ghanaian President John Dramani Mahama and met with President Mahama. In May, CPPCC Vice Chairman Ma Biao visited Ghana and met with Vice President Kwesi Bekoe Amissah-Arthur and Speaker of the Parliament Edward Doe Adjaho respectively.

  • Outlook for 2015-17

    2015/10/03

    The country (Ghana) is situated in Western Africa, bordering the Gulf of Guinea, between Cote d'Ivoire and Togo.
    It has borders with Burkina Faso for 549km, Ivory Coast for 668km and Togo for 877km.
    Land in Ghana is mostly low plains with dissected plateau in south-central area.The climate is tropical; warm and comparatively dry along southeast coast; hot and humid in southwest; hot and dry in north.
      The languages (inclunding Akan, Moshi-Dagomba, Ewe, and Ga).

    OVERVIEW


    Policy reality check as IMF provides assistance

    At end-February 2015, agreement was reached with the IMF for a three-year Extended Credit Facility (ECF) financial support package of approximately USD940 mn. Formal board approval is required in April but this should be a formality. The facility is intended to offset the negative economic effects of weak gold and cocoa prices and to support reforms aimed at limiting fiscal and current account deficits. Fund support will replace some investor confidence, although an effective reform strategy (and implementation) will be required to carry that over in to the medium term.