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

Presidential republic

Languages

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%

Note: English is the official language (2010 est.)

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 est.)

Total population
1990* 2000* 2010* 2016* 2021*
14.306 million 18.412 million 23.699 million 27.573 million 31.282 million

*Estimate

 
 
Source
Urban population as % of total population
1960 1980 2000 2015
23% 31% 44% 54%
Population median age

21 years (2016 estimate)

Population growth rate

2.18% (2016 estimate)

Life expectancy

66.6 years (2016 estimate)

Literacy

Total population: 76.6%
Male: 82%
Female: 71.4% (2015 est.)

(age 15 and over can read and write) 

% of population living on less than $3.10 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

Freedom House rating

Political Rights: 1
Civil Liberties: 2 (2017)                         

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

Source
Total telephone subscribers as % of population

Fixed 1.02%   Mobile 129.74% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

23.48% (2015)

Mercer Cost of living index

Accra: 47th (2016)

CO2 emissions

0.6 (2013)

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