ECONOMIC INFORMATION
Population - 20.1m
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Population growth - 1.59%
GDP (current US$) - $6.02bn (2002)
GDP per capita - $300
GDP per capita on a purchasing price parity basis - $1,946
GDP growth - 4.5% (2002)
Industrial production growth - 3.80%
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Inflation (12-month average) - 20.2% (2002)
Exports of goods and services as % of GDP - 51.0%
Top 3 export markets - Togo, UK, Italy
Local currency (change vs. US$ Jan 1-Nov 26, 2003) - Cedi (-2.5%)
WEF Growth Competitiveness ranking * - 71/102
WEF Business Competitiveness ranking ** - n/a
Local industries - Mining, lumbering, light manufacturing, aluminum smelting, food processing
Languages - English
GOVERNANCE
World Bank Governance Matters III ***
Political stability - -0.11
Government effectiveness - -0.01
Regulatory quality - -0.29
Rule of law - -0.15
Control of corruption - -0.4
Economic Freedom ranking - 113/165
UN Human Development Index ranking - 129/175
FDI INFORMATION
Region - Sub-Saharan Africa
No.of projects (Jan-Sep 2003) - 8
Market-share of projects in the region - 3.4%
Value of projects relative to GNP - 21.6%
Top 3 destination sectors - Metals & Mining, Financial Services, Food & Drink
Top 3 source countries - USA, Canada, Australia
Top 3 investors - IAMGold, Universe Group, Kaiser Aluminum
IPA
Name - Ghana Investment Promotion Centre
Web address - www.gipc.org.gh
Telephone +233 21 66 5125-9
* World Economic Forum Growth Competitiveness Ranking assesses an economy’s ability to grow consistently
** World Economic Forum Business Competitiveness Ranking assesses the microeconomic factors that contribute to economic growth
*** The score given is a deviation from the global mean score of zero. Ranged between –2.5 and +2.5, the higher the score, the better the performance