Source
Central bank

Bank of Ghana

International Reserves

USD 5.3 billion (2013)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 46.6 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 132.5 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
6.3% 4.4% 9.2% 4.9% 7.9% 14.1% 9.3%
2013 2014 2015 2016* 2017*    
7.3% 4% 3.9% 3.3% 7.4%    

*Estimate

GDP per capita - current prices

USD 1,648.3 (2017, estimate)

GDP per capita - PPP

Intl$ 4,685.1 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.06% 0.07% 0.07% 0.08% 0.1%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 19.5% 
  • industry: 24% 
  • services: 56.4%

(2016 estimate)

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

N/A

 

Inflation
2013 2014 2015 2016* 2017*
11.7% 15.5% 17.2% 17.0% 10.0%

*Estimate

Unemployment rate
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
60.3% 72.2% 70.8% 66% 62.2%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
-12% -10.9% -4.7% -3.8% -2%

*Estimate

Government bond ratings

Standard & Poor's: B-

Moody's: B3

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD -2.8 billion (2017 estimate)

Current account balance by percentage of GDP

-6.0% (2017 estimate)

Exports as percent of GDP (Exports of goods and services)

43.9% (2015)

Shares in world total merchandising export

0.06% (2015)

Shares in world total commercial services export

0.1% (2015)

Total exports

USD 10.3 billion (2016 estimate)

Export commodities

Oil, gold, cocoa, timber, tuna, bauxite, aluminum, manganese ore, diamonds, horticultural products

Total imports

USD 13.7 billion (2016 estimate)

 
 
Source
Import commodities

Capital equipment, refined petroleum, foodstuffs

Exports - major partners

India 25.2%, Switzerland 12.2%, China 10.6%, France 5.7% (2015)

Imports - major partners

China 32.6%, Nigeria 14%, Netherlands 5.5%, US 5.4% (2015)

FDI inflows
2013 2014 2015
USD 3,226 million USD 3,357 million USD 3,192 million
FDI outflows
2013 2014 2015
USD 8.8 million USD 11.8 million USD 221.4 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A USD -0.5 million N/A N/A
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 108 out of 190 countries (2016)

Subcategories:

Starting a business: 110 out of 190 countries

Enforcing Contracts: 114 out of 190 countries

Registering Property: 77 out of 190 countries

Getting credit: 44 out of 190 countries

Protecting investors: 87 out of 190 countries

Trading across border: 154 out of 190 countries

Paying Taxes: 122 out of 190 countries

Dealing with Construction Permits: 117 out of 190 countries

Getting Electricity: 120 out of 190 countries

Resolving Insolvency: 155 out of 190 countries

Global competitiveness ranking

114 out of 138 countries

(2016-2017)

Index of Economic Freedom

Ranking: 72 / Score: 63 (Moderately free) (2017)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC 0

Total area

238,533 sq km

Capital

Accra

Currency

cedis (GHC)

Government type

constitutional democracy

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 71.2% (Pentecostal/Charismatic 28.3%, Protestant 18.4%, Catholic 13.1%, other 11.4%), Muslim 17.6%, traditional 5.2%, other 0.8%, none 5.2% (2010 census)

Total population
1990 2000 2010 2014* 2019**
14.306 million 18.412 million 23.699 million 26.216 million 29.742 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
23.3% 31% 44% 53%
Population median age

20.8 years (2014 est.)

Population growth rate

2.19% (2014 est.)

Life expectancy

 65.75 years (2014 est.)

Adult literacy

 71.5% (2010 estimate)

% of population living on less than $2 a day

51.8% (2006)

Inequality of wealth distribution (Gini index)

42.8 (2006)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 1
Civil Liberties: 2 (2014)

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

Total telephone subscribers as % of population

Fixed  1.0%   Mobile  108.2% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

12.3% (2013)

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

Accra 128th (2014)

CO2 emissions(Metric tons of CO2 per capita)

0.4 (2010)

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