Snapshots of Ghana

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