Economy of Ghana
| Subclass of | economy of Africa  |
|---|---|
| Country | Ghana |
| Ein location | Ghana |
| Currency | Ghana cedi |
| Related category | Category:Economy of Ghana-related lists, Category:Lists of companies of Ghana |
De economy of Ghana get a diverse den rich resource base, wey dey include de manufacturing den export of digital technology goods, automotive den ship construction den export, den de export of resources such as hydrocarbons den industrial minerals. Record high Gold price 2023 earn Ghana 15.6 billion $ of exports.
De Ghanaian domestic economy insyd 2012 revolve around services, wich account for 50% of GDP wey e employ 28% of de work force. Besides de industrialization associate plus minerals den oil, industrial development insyd Ghana remain basic, dem often associate plus plastics (such as chairs, plastic bags, razors, den pens).[1] Na 53.6% of Ghana ein workforce be employed insyd agriculture insyd 2013.[2][3]
Ghana embark on a currency re-denomination exercise from de Cedi (₵) to de new currency, Ghana Cedi (GH₵) insyd July 2007. De transfer rate be 1 Ghana Cedi for every 10,000 Cedis.
Ghana cam be de largest gold-producing country insyd Africa after overtaking South Africa insyd 2019.[4] De country sanso be de second-largest cocoa producer (after Ivory Coast).[5] Ghana be rich insyd diamonds, manganese anaa manganese ore, bauxite, den oil. Na dem cancel chaw of ein debt insyd 2005, buh na dem later allow government spending to balloon. Coupled plus a plunge insyd oil prices, na dis lead to an economic crisis wey force de government to negotiate a $920 million extended credit facility from de International Monetary Fund (IMF) insyd April 2015.[6] Bloomberg rate Ghana currency Cedi as de strongest performing currency insyd de World April 2025 against de Dollar wey reduce ein debt burden.
Taxation
[edit | edit source]Ghana get plenti rich resources wey dey support di economy. Dem dey do manufacture and export digital technology goods, plus dem dey build motor and ship wey dem dey export too. Ghana also dey export hydrocarbons and minerals. For 2023, di record-high gold price make Ghana earn $15.6 billion from export.
Back for 2012, di Ghana economy dey run mostly on services — dis sector na 50% of di GDP and e employ about 28% of di people wey dey work. Even though Ghana don start to industrialize because of oil and minerals, industrial level still basic for some areas. Most of di local factories dey produce plastic items like chair, plastic bag, shaving stick and pen.
For 2013, about 53.6% of people wey dey work for Ghana na for agriculture dem dey. (But dis stat dey old small.)
Telecommunications
[edit | edit source]As January 2022 take end, di total number of people wey get voice subscription for Ghana reach 41,380,751. Dis one be increase of 1.28% from di number for December 2019 wey be 40,857,007. Di mobile phone penetration rate for Ghana be 136.79%, meaning say plenty people even get more than one SIM.
Mobile phone companies dey compete well-well for Ghana, and na dat competition dey help di telecom industry grow. Di current boss for di market be MTN, wey get 23,150,485 voice subscribers — dat be 55.95% of all di market.
Vodafone come next with 9,075,795 subscribers — dat be 21.93% market share. After dem be AirtelTigo with 8,428,322 subscribers — wey make dem get 20.69%. Last one be Glo, wey get 726,149 subscribers — dat be 1.75% of di market.
Media and Internet
[edit | edit source]Di media for Ghana free pass many other African countries. Ghana dey rank number 3 for Africa and number 30 for di whole world for press freedom, according to di worldwide press freedom index. Chapter 12 for Ghana Constitution give di press full freedom and say media must dey independent. Chapter 2 sef talk say government nor fit censor media. Press freedom for Ghana come back since 1992.
Ghana na one of di first African countries wey connect to di internet (World Wide Web). By 2010, Ghana don get 165 licensed internet service providers (ISP). Dem dey operate 29 fiber optic networks, 176 VSAT operators (but only 57 dey work), and 99 internet providers wey dey serve di public. Plus that, Ghana get 25 operators for private data and packet-switched networks.
References
[edit | edit source]- ↑ "Obama's Ghana trip sends message across Africa". CNN. 10 July 2009.
- ↑ Food and Agriculture Policy Decision Analysis (FAPDA). "Country Fact sheet on food and agriculture policy trends" (PDF). Food and Agricultural Organisation of the United Nations. FAO. Archived (PDF) from the original on 27 March 2016. Retrieved 13 May 2016.
- ↑ Clark, Nancy L. "Agriculture" (and subchapters). A Country Study: Ghana (La Verle Berry, editor). Library of Congress Federal Research Division (November 1994). This article incorporates text from this source, which is in the public domain.
- ↑ "Top 10 Gold Producing Countries" (in British English). Archived from the original on 6 March 2021. Retrieved 16 March 2021.
- ↑ "Cocoa in Ivory Coast and Ghana 2017 – African Business" (in British English). 22 October 2017. Retrieved 12 August 2020.
- ↑ The Heritage Foundation. "Ghana's Economy". Heritage. Archived from the original on 15 January 2009. Retrieved 17 May 2016.
External links
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