| Nearly a decade ago, Ghana
initiated a strict economic reform recovery program. To
date, the government has done well in positioning Ghana
as a stable economy and democratic nation. One of the
foremost successes has been attracting investment from
the private sector and international organization for
infrastructure projects. Currently the country has the
largest portfolio in Africa with 32 active projects
amounting to over $1.4 billion. As a driver to
institute market-oriented policies, the current
leadership is seeking to increase the share of private
enterprise in Ghana which is currently at 66% of GDP
(i.e. Senegal 87%).
Two of the primary obstacles that must be overcome in
order to achieve this feat are utilities and
transportation. Access to electricity is only at 80 per
1000, and there are .6 roads per 1000 in the population.
Although electronic technologies are being deployed to
bridge the distance between towns and the capital, they
are dependent on Ghana overcoming these obstacles.
|
 President
Jerry Rawlings
|
The main exports are cocoa, coconut, coffee and timber are
crops, but there is emerging industrial sector demand for
cassava, fruit juices and cocoa by-products.
Quick Facts:
- Area: 238,537 square kilometers
- Currency: Cedi (current exchange rate)
- Population: 17.5 million (1997 est.)
- Population growth rate: 2.7%
- Official Language: English
|
- GDP 1997 estimates US$6.7 billion
- GNP per capita: US$360
- GDP growth: 3.0% (1997 prelim est.)
- Inflation: 20% (1996)
|
- Capital City: Accra
- Independence: 6 March 1957 (from UK) Gold Coast
- Type: Constitutional Democracy
Executive: President, cabinet
Legislative: Unicameral National Assembly
Judicial branch: Supreme Court
|
For additional information on Ghana, visit their official website.
Reference Links: {4}, {6}, {29}
Page last updated: May 13, 1998