Source
Central bank

Bank of Ghana

International Reserves

US$ 5.588 billion (Source: World Bank; Data updated: 2013)

Gross Domestic Product - GDP

US$ 39 billion (2014 estimate)

GDP (Purchasing Power Parity)

94 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
5.2% 5.6% 6.0% 6.1% 6.5% 8.4% 4.0% 8.0%
2011 2012 2013 2014*        
15.0% 7.9% 5.5% 4.8%        

*Estimate

GDP per capita - current prices

US$ 1,486 (2014 estimate)

GDP per capita - PPP

$3,590 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
0.06% 0.06% 0.06% 0.09% 0.10%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 21.5% 
  • industry: 28.7% 
  • services: 49.8% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2011 2012 2013 2014*
8.7% 9.2% 11.7% 13.0%

*Estimate

Unemployment rate
2011 2012 2013 2014*
N/A N/A N/A N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
46.3% 43.7% 51.2% 60.1% 66.5%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
-9.4% -6.5% -12.1% -10.8% -7.5%

*Estimate   

Government bond ratings

Standard & Poor's: B

Moody's rating: B2

Moody's outlook: NEG

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2010* 2011 2012**
US$3.531 billion US$3.097 billion US$3.465 billion

*2010 Estimate     **2012 Estimate

Largest companies in Ghana

N/A

 
 
Source
Current account balance

US$ -4.142 billion (2014 estimate)

Current account balance by percentage of GDP

-10.637% of GDP (2014 estimate)

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

42.3% (2013)

(Data released on Oct 2014)

Shares in world total merchandising export

0.07% (2012)

(Data were released in March 2014)

Shares in world total commercial services export

0.07% (2012)

(Data were released in 2014)

Total exports

US$13.37 billion (2013 estimate) 

Export commodities

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

Total imports

US$ 18.49 billion (2013 estimate) 

 
 
Source
Import commodities

capital equipment, petroleum, foodstuffs

Exports - major partners

France 13.6%, Italy 12.4%, Netherlands 8.9%, China 7.4%, Germany 4.3% (2012)

Imports - major partners

China 25.6%, Nigeria 11%, US 7%, Netherlands 6.2%, Singapore 4.5%, UK 4.1%, India 4% (2012)

FDI inflows
2011 2012 2013
US$ 3,222 million US$ 3,293 million US$ 3,226 million
FDI outflows
2011 2012 2013  
US$ 25 million US$ 1 million US$ 9 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
US$ 1 million US$ 0 million US$ 0 million US$ 0 million
Cross-border M&A; deals worth over $3 billion completed in 2012 (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 2013 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(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 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 67 out of 189 countries (2013)

Subcategories:

Starting a business: 128 out of 189 countries

Enforcing Contracts: 43 out of 189 countries

Registering Property: 49 out of 189 countries

Getting credit: 28 out of 189 countries

Protecting investors: 34 out of 189 countries

Trading across border: 109 out of 189 countries

Paying Taxes: 68 out of 189 countries

Dealing with Construction Permits: 159 out of 189 countries

Getting Electricity: 85 out of 189 countries

Resolving Insolvency: 116 out of 189 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

111

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 66 Score: 64.2 (Moderately Free) (2014)

(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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