Ghana

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Ghana

We offer a data-driven country report for Ghana that explores inter alia population, international trading relationships, energy consumption, GDP growth, current account balances, and R&D investment. Additionally, CFI quotes from the Big Mac Index (courtesy of The Economist) which gives a rough idea of purchasing power parity. Other authoritative sources include The United Nations Conference on Trade and Development, The World Bank, and The International Money Fund. Visit us regularly for updates and new sources of key economic information on Ghana.[/vc_column_text][vc_column_text]

Its population in 2018 was 29,463,643 [1]

In 2015, 41.41% of its total energy
consumption was renewable [2]

In 2021, its GDP grew by 5.36% [2]

In 2021 it had a negative Current
Account Balance of US$bn 2.30 [3]

Its Expenditure on R&D (as a percentage of
GDP) in 2010 was 0.38% [2]

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What free trade areas or economic unions is it a member of?

Member of the African Continental Free Trade Area (AfCFTA) since 01/04/2019

Other members:

Benin, Burkina Faso, Cameroon, Chad, Congo, Côte d'Ivoire, Djibouti, Egypt, Equatorial Guinea, Eswatini, Ethiopia, Gabon, Gambia, Guinea, Kenya, Mali, Mauritania, Namibia, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, South Africa, Togo, Uganda, Western Sahara, Zimbabwe


What trade deals are there between African Continental Free Trade Area and other countries and economic unions?

None

Member of the Economic Community of West African States (ECOWAS) since 28/05/1975

Other members:

Benin, Burkina Faso, Cabo Verde, Côte d'Ivoire, Gambia, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, Togo


What trade deals are there between Economic Community of West African States and other countries and economic unions?

None

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What trade deals are there with other countries and economic unions?

UK - Ghana Interim Trade Partnership Agreement (from 05/03/2021)

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Invest Africa: Six Reasons to Choose Ghana

Being a top-rated country for almost everything — from cost of doing business to airport services — Ghana has a lot going for it. As the world gradually emerges from

Lord Waverley and Paul Baker: The Promise, Potential and Pitfalls of Britain’s Relationship with Africa

The concept of Africa Rising is truer today than ever. Despite the pandemic disruption that has caused the continent’s first negative output growth in 27 years, Africa’s performance over the
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Ghana Investment Promotion Centre: Laws of Attraction – GIPC Draws Global Attention to the Investment Opportunities in Ghana

The Ghana Investment Promotion Centre has over the years, adopted multi-tiered approaches to carry out its mandate, in promoting and attracting investments into Ghana. The Centre has initiated and supported

UNOPS: Quality Infrastructure is Central to Sustainable Development

By Grete Faremo Under-Secretary-General and Executive Director of UNOPS As human beings, we go through our lives using infrastructure without really thinking about it. From roads to electricity, water and
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Ghana Get You: African Nation’s IT Experts are Filling the Skills Gap

Ostec is Ghana’s leading IT Infrastructure and managed services company, providing a single source of technology, skills and expertise to help IT departments realise greater value from their technology investments.

Wide Experience and Many Talents Make Grant a Ghanaian Treasure

Yofi Grant is a renowned Ghanaian investment banker with more than 30 years of experience in banking and finance. Having served in various capacities in corporate finance, credit, marketing and
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CFI.co Meets the CEO of Ghana Investment Promotion Centre: Yofi Grant

Yofi Grant is currently chief executive officer of the Ghana Investment Promotion Centre. He was appointed by President Nana Addo Dankwa Akufo-Addo in February 2017. Mr Grant is a renowned

Patrick Awuah: Educating the Future Leaders of Africa

The prestigious and pioneering Ashesi University in Ghana is on a mission to educate a new generation of business leaders. Built on a hilltop in the countryside near Accra, the
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Ghana: Crisis as a Hallmark of Enduring Success

A solid mechanism has been put in place with Norwegian assistance to ensure that the proceeds from Ghana’s newly found offshore oilfields are spent wisely and to the benefit of

World Bank Group Commits US$ 5 Billion to Boost Electricity Generation in Six African Countries

The World Bank Group has committed $5 billion in new technical and financial support for energy projects in six African countries – Ethiopia, Ghana, Kenya, Liberia, Nigeria, and Tanzania—which have partnered
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Trade with the United Kingdom

Source: UK Office for National Statistics, October 2022.

Contains public sector information licensed under the Open Government Licence v3.0.

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