Ghana GDP Data & Country Report

Ghana Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Ghana; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION

Central bank

Bank of Ghana

International Reserves

N/A

Gross Domestic Product - GDP

US$ 37.481 billion (2010 estimate)

GDP (Purchasing Power Parity)

71.216 billion of International dollars (2010 estimate)

Real GDP growth

2000	2001	2002	2003	2004	2005	2006	2007
3.7%	4.2%	4.5%	5.2%	5.6%	5.9%	6.4%	5.7%
2008	2009	2010	2011*
7.2%	4.7%	5.7%	13.7%

*Estimate

GDP per capita - current prices

US$ 1,542 (2010 estimate)

GDP per capita - PPP

$2,930 International Dollars (2010 estimate)

GDP (PPP) - share of world total

1980	1990	2000	2010	2015**
0.04%	0.04%	0.04%	0.08%	0.1%

**Forecast

GDP - composition by sector

agriculture: 33.6%
industry: 25.1%
services: 41.2% (2006 estimate)

(Data released on November 2010)

Gross domestic expenditure on R&D (% of GDP)

N/A

(Data released on November 2010)

Inflation

2008	2009	2010	2011*
16.5%(2008)	19.3%	10.7%	8.7%

*Estimate

Unemployment rate

2008	2009	2010	2011*
N/A	N/A	N/A(2009)	N/A

*Estimate

Household saving rates

N/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)

2007	2008	2009	2010	2011*
51.9%	59.3%	39.2%	41.2%	42.3%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)

2007	2008	2009	2010*	2011**
-9.2%	-14.7%	-9.8%	-10.8%	-7.4%

*Estimate **Forecast

Government bond ratings

Standard & Poor's: B/Stable/B

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares

2007	2008	2009
US$2.38 billion	US$3.394 billion	US$2.508 billion

Largest companies in Ghana

N/A

DATA ON TRADE AND COMPETITIVENESS

Current account balance

US$ -2.5 billion (2010 estimate)(After 2008)

Current account balance by percentage of GDP

-6.8% of GDP (2010 estimate)(2009)

Exports as percent of GDP

(Exports of goods and services)

49.9% (2009)

(Data released on December 2010)

Shares in world total merchandising export

0.05%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export

0.04%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exports

US$7.326 billion f.o.b. (2010 estimate)

Export commodities

gold, cocoa, timber, tuna, bauxite, aluminum, manganese ore

Total imports

US$9.816 billion f.o.b. (2008 estimate)

Import commodities

capital equipment, petroleum, foodstuffs

Exports - major partners

Netherlands 11%, UK 9%, France 6.2%, US 5.9%, Germany 4.6%, Belgium 4.4% (2007)

Imports - major partners

Nigeria 15.1%, China 14.9%, UK 5.2%, US 5.1% (2007)

FDI inflows

2008	2009	2010
US$1,220 million	US$1,685 million(2009)	US$2,527 million(2009)

FDI outflows

2008	2009	2010
US$9 million	US$7 million	US$8 million

Value of cross-border M&A, by country of purchaser

2008	2009	2010	2011
N/A	N/A(2009)	US$1 million(2009)	N/A

Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 67 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 99 out of 183 countries(2009)

Registering property: 36 out of 183 countries

Paying Taxes: 78 out of 183 countries

Getting credit: 46 out of 183 countries

Protecting investors: 44 out of 183 countries

Trading across border: 89 out of 183 countries

Enforcing Contracts: 45 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)

114

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 95 Score: 59.4 (Mostly Unfree) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW

Time zone

UTC 0

Total area

238,533 km² (2006)

Capital

Accra (2009)

Currency

cedis (GHC) (2009)

Government type

constitutional democracy (2009)

Languages

Asante 14.8%, Ewe 12.7%, Fante 9.9%, Boron (Brong) 4.6%, Dagomba 4.3%, Dangme 4.3%, Dagarte (Dagaba) 3.7%, Akyem 3.4%, Ga 3.4%, Akuapem 2.9%, other 36.1% (includes English (official)) (2000 census)

Religions

Christian 68.8% (Pentecostal/Charismatic 24.1%, Protestant 18.6%, Catholic 15.1%, other 11%), Muslim 15.9%, traditional 8.5%, other 0.7%, none 6.1% (2000 census)

Total population

1980	1990	2000	2010*	2015**
10.02 million	14.31 million	18.41 million	23.7 million	26.89 million

*Estimate **Forecast

Urban population as % of total population

1960	1980	2000	2009
23.3%	31.2%	44%	50.8%

Population median age

20.0 years (2006)

Population growth rate

2.1% (2009)

Life expectancy

60 years (2007)

Adult literacy

65% (2000/2007)

% of population living on less than $2 a day

53.61% (2011)

Inequality of wealth distribution (Gini index)

42.8 (2006)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:2 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

72.63% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

8.55% (Data were released in 2011 and refer to 2010)

Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Accra: 86th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

0.368 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST INTERNET BANKS

2010:

COUNTRY WINNERS / Best Corporate/Institutional Internet Banks Standard Chartered (National, 2010)

2009:

COUNTRY WINNERS / Best Corporate/Institutional Internet Banks Standard Chartered (2009)

WORLD'S BEST EMERGING MARKET BANKS

2011:

COUNTRY WINNERS Ghana Commercial Bank (National, 2011)

2010:

COUNTRY WINNERS Ghana Commercial Bank (National, 2010)

2009:

COUNTRY WINNERS Ghana Commercial Bank (National, 2009)

ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE

Ghana GDP Data & Country Report | Global Finance

WORLD'S BEST INTERNET BANKS

2010:

2009:

WORLD'S BEST EMERGING MARKET BANKS

2011:

2010:

2009: