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

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