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Snapshot of Ghana

Capital City

Accra

Location

West Africa with Gulf of Guinea coastline of 539km

Government

Multi-Party Democracy

Administrative Division

10 administrative regions, 216 municipal and district assemblies (MDAs)

Independence

6 March 1957

Area

239,460 sq. km; land: 230,940 sq. km; water: 8,520 sq.

km, (136 000 km2 of agricultural land area)

Climate

Tropical; Warm and comparatively dry along southeast

coast; hot and humid in southwest; hot and dry in north

Average Temperature

26oC (about 79oF)

Time Zone

Greenwich Meridian Time: (GMT)

Official Language

English

Ethnic Groups

Akans (47.5%), Ga-Dagme (7.4%), Ewes (13.9%), Mole-Dagbani (16.6%), Guan (3.7%), Gurma (5.7%), Grusi (2.5%), Mande (1.1%) and others (1.4%)

Religion

Christianity forms 71.2% (Catholic – 13.1%, Protestant – 18.4%, Pentecostal/Charismatic – 28.3%, others – 11.4%), Islamic worship (17.6%), traditional worship (5.6%), other religions (0.8%) and no religion (5.3%).

Official Working Hours

8:00am – 5:00pm

 

 

 

DEMOGRAPHICS

Population

26.40 million (July 2015 estimate) females forming 51.2%

Density

 

Active Population

61.7% between the ages of 15 and 65 years, and 71% of this range being economically active.

Life Expectancy

Average life expectancy is 65 years (62 years for males and 67 years for females).

 

CURRENCY

Currency

Ghana Cedi (GH¢)

1 US Dollar (average)

US$1: GH¢3.86 (at 19 June 2016)

 

 

 

MACROECONOMICS

Economic Indicators

2011

2012

2013

2014

2015

GDP (GSS)

GHC56.28 billion

(US$31.45 billion)

GHC74.96 billion

(US$40.86 billion)

GHC93.87 billion

(US$48.14 billion)

GHC113.41 billion

($ 51.45 billion)**

GHC113.41 billion

($000)**

GDP per capita (GSS)

US$1,380

US$1,570

US$1,380

US$1,550

US$1,550

Real GDP Growth

14.4%

7.9 %

7.6%

6.9 %

4.1 %

GDP sector contribution

·      Agriculture

·      Industry

·      Service

 

 

15.7%

36.2%

48.1%

 

 

22.7%

27.3%

50.0%

 

 

21.9%

28.5%

49.6%

 

 

 

20.6%

29.2%

50.2%

 

 

19.0%

26.9%

54.1%

Inflation

8.73%(average for 2011)

8.8 %(Average for 2012)

11.6%(average for 2013)

13.5 %(average for end 2014)

17.4 %(average for end 2014)

Reserves (Months of Imports Cover)

3.6 months (US$5,474.6 million)

3.0 months (US$ 5,348.9 million)

3.1 months (US$5,632.2 million)

3.3 months (US$ 5,679.1million)

2.89months (US$ 6.5billion)

 Source: 2015: Budget Statement, MOFEP & Ghana Statistical Service

 

 

FOREIGN DIRECT INVESTMENTS (FDI)

Incoming FDI

US$ 3.357 billion (about 6.2% African and 26.3% of West Africa).

Main investors value of projects in US$ million (cumulative)

 

 

Britain

5,633.43

Korea

5,044.40

USA

4,342.74

China

2,487.40

UAE

2,098.99

Main investors number of projects (cumulative)

China

719

India

651

Lebanon

454

Britain

376

Nigeria

271

 

 

TELECOMMUNICATIONS

Mobile phone subscribers

35.8million

Landline phone subscribers

270.7 thousand

Internet Users

18.5 million

 

 

 

 

INFRASTRUCTURE

International airports

1 (Accra)

Internal airports

6 (Accra, Kumasi, Takoradi, Sunyani, Tamale, and Wa)

Ports

Tema / Takoradi Ports

Inland port at Boankra, Kumasi

River port at Buipe

Energy Generated

1693mw

 

 

 

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