Global news and insight for corporate financial professionals
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Ghana economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Ghana best banks and safest banks are also available.
REGIONAL REPORT
Sub-Saharan Africa’s economic lions are pulling the continent into an unprecedented era of wealth creation and prosperity. With year-on-year growth of between 7% and 9%, Ghana, Angola, Mozambique, Zambia and Ethiopia have played a pivotal role in helping Africa’s economy triple in size since 2000.
USD 6.3 billion (2018)
International Monetary Fund (IMF), data retrieved October 2019
Intl$ 190.7 billion (2018, estimate)
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
| 4% | 9.3% | 5.5% | 7.9% | 17.4% | 9% | 7.9% |
| 2014 | 2015 | 2016 | 2017* | 2018* | ||
| 2.9% | 2.2% | 3.4% | 8.1% | 5.6% |
*Estimate
| 1980 | 1990 | 2000 | 2010 | 2019* |
| 0.06% | 0.07% | 0.07% | 0.08% | 0.15% |
*Estimate
(2017 estimate)
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 17.2% | 17.5% | 12.4% | 9.8% | 19.3% |
*Estimate
| 2015 | 2016 | 2017 | 2018 | 2019 |
| N/A | N/A | N/A | N/A | N/A |
*Estimate
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 54.8% | 57.1% | 57.3% | 59.3% | 63.8% |
*Estimate
| 2015 | 2016 | 2017 | 2018 | 2019* |
| -4.1% | -6.9% | -4.1% | -7% | -7.1% |
*Estimate
Standard & Poor's: B
Moody's: B3
Standard & Poor's / Moody's
| 2016 | 2017 | 2018 |
| N/A | N/A | N/A |
-3.1 % (2018 estimate)
35.3% (2017)
0.08% (2018)
0.13% (2018)
Oil, gold, cocoa, timber, tuna, bauxite, aluminum, manganese ore, diamonds, horticultural products
Capital equipment, refined petroleum, foodstuffs
India 23.8%, UAE 13.4%, China 10.8%, Switzerland 10.1%, Vietnam 5.2%, Burkina Faso 4%(2017)
China 16.8%, US 8%, UK 6.2%, Belgium 5.9%, India 4.1% (2017)
| 2016 | 2017 | 2018 |
| USD 3,485 million | USD 3,255 million | USD 2,989 million |
| 2016 | 2017 | 2018 |
| USD 15 million | USD 16 million | USD 81 million |
| 2015 | 2016 | 2017 | 2018 |
| N/A | N/A | USD 4.3 million | N/A |
N/A
N/A
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:
118 out of 190 countries
Subcategories:
Starting a Business: 116 out of 190 countries
Dealing with Construction Permits: 104 out of 190 countries
Getting Electricity: 79 out of 190 countries
Registering Property: 111 out of 190 countries
Getting Credit: 80 out of 190 countries
Protecting Minority Investors: 72 out of 190 countries
Paying Taxes: 152 out of 190 countries
Trading across Borders: 158 out of 190 countries
Enforcing Contracts: 117 out of 190 countries
Resolving Insolvency: 161 out of 190 countries
111 out of 141 countries
(2019)
Ranking: 109 / Score: 57.5 (Mostly unfree)
(100=totally free 0=totally repressed)
Asante 16%, Ewe 14%, Fante 11.6%, Boron (Brong) 4.9%, Dagomba 4.4%, Dangme 4.2%, Dagarte (Dagaba) 3.9%, Kokomba 3.5%, Akyem 3.2%, Ga 3.1%, other 31.2% (2010 est.)Note: English is the official language (2010 est.)
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 est.)
| 1990* | 2000* | 2010* | 2015* | 2020* |
| 14.11 million | 18.91 million | 24.66 million | 27.71 million | 30.78 million |
*Estimate
| 1960 | 1980 | 2000 | 2018 |
| 23.3% | 31.2% | 43.9% | 56.1% |
Total population: 76.6%
Male: 82%
Female: 71.4%
Definition: age 15 and over can read and write (2015 est.)
30.5% (last available estimate, 2016)
43.5 (last available estimate, 2016)
Free
Political Rights: 1
Civil Liberties: 2 (2019)
(1 represents the most free, 7 the least free rating)
Fixed: 0.9% Mobile: 137.5% (2018)
(fixed-telephone subscribers and mobile-cellular subscribers)