Fact Sheet on Ghana
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Country – Fact Sheet
Ghana
(Color Map of the Country.)


General

Official Name

Republic of Ghana

Location

The Republic of Ghana is located on the West Coast of Africa, situated between latitudes 4o and 11o north of the equator. It is bordered by Togo on the east, Côte D’Ivoire on the west, Burkina Faso on the north and the Atlantic Ocean on the south.

Capital

Accra

Area

238,537 sq. kms.

Climate

Ghana is characterized by a tropical climate but the annual rainfall level decreases as the altitude increases to the north, where Savannah climate becomes dominant. Most part of the country belongs to the Tropical Savannas Climate and the Sub-Sahelian African moist region. The annual mean temperature ranges from 25oC to 27oC and is fairly constant throughout the year. The annual rainfall is as high as 2,000 mm in the southwestern part of the country but decreases towards the northeast, dropping to 1,000 mm at the northern border area.

Currency

Cedis (1 Cedi = 100 peshawas) USD 1 = GhC 4.60 ( June 2018)

GDP

USD 46.60 billion (2017) (Global Finance);8.5% (Ghana Statistical Service)

GDP Growth Rate

5.9% (2017) (Index Mundi)

Composition of GDP

Agriculture (18.3%); Industry ( 24.5% ); Services (57.2%)(2017)

Inflation

9.8% (May 2018)

External debt stocks

USD 16.71 bn (2017)

Unemployment

11.5% (2017) (ILO estimates)

GDP Per Capita

USD 1531 (2015-17 - WTO)

Forest Cover

41.03% (2015) (World Bank)

CO2 emissions

0.357 mtpc (2014)
9.005 million mt (2011)

Tourist Arrivals

1,263,857 (2013) (Growth 17%)

Population

28.8 million; (Male- 14.37 mn., Female- 14.47 mn.) – (2017-UN)

Life expectancy

Male 62.1 years; female 64 years (UN World Population Review Report 2017)

Languages

English. Major local dialects; Akan (or Twi), Ewe, Dagbani, Nzema and Ga/Adangbe. In all, there are about 60 different languages.

Ethnic groups

Akan 47.5%, Mole-Dagbon 16.6%, Ewe 13.9%, Ga-Dangme 7.4%, Gurma 5.7%, Guan 3.7%, Grusi 2.5%, Mande-Busanga 1.1%, other 1.6% (2010 census)

Religion

Christianity (71.2%), Islam (17.6%), Traditional (5.2%), Others (6%).

Internet Penetration

9.5 m (34%) ( 2016)

Mobile phones

139% (2016.) (Penetration 100%)

Urbanisation

51.9% (Rate of urbanization: 3.5% (2010-15 est.)

Exports

USD 4102.80 mn (Jan-March 2018) (Bank of Ghana)
USD 13.835 bn (2017) (Bank of Ghana)

Imports

USD 3333.30 mn (Jan-March 2018) (Bank of Ghana)
USD 12.647 bn (2017) (Bank of Ghana)

Main Trade Partners

European Union (France, Germany, the Netherlands; Italy, Belgium), Switzerland, China; India; Nigeria, UK, US, Singapore, South Africa

FDIs net inflows

US $ 3. 49 billion(2016) (World Bank)

Net ODAs received

US $ 1.77 billion (2016)(World Bank)

Political

Political Structure

Unitary Republic; constitutional democracy

Major Political Parties

New Patriotic Party (NPP) and opposition National Democratic Congress (NDC)

Head of State

President (H.E. Mr. NANA ADDO DANKWA AKUFO-ADDO since 7 January 2017)

Head of Government

Presidential form of government

 

India’s Exports

USD 680.39 m (2014-15);USD 623.24 (2015-16) USD 681.03 m (2016-17)USD 635.78 (April 2017-March 2018)(Source: Deptt. Of Commerce, India)

India’s Imports

USD 1257.60 m (2014-15); USD 2981.27 (2015-16) USD 1938.54 m (2016-17)USD 2710.05(April 2017-March 2018)(Source: Deptt. Of Commerce, India)

Indian Exports

bovine meat frozen; rice; Undenatured Ethyl Alcohol & spirits; pharmaceuticals;  fabrics & readymades; flat-rolled iron products; pre-fabricated structures, insulated wires & cables; motor vehicles & automobiles; self-propelled heavy machinery; cereals; made-up textiles, etc.

Indian Imports

Gold (80% of all imports); aluminum waste & scrap; ferrous waste & scrap; cashew; coconut; brazil nuts; cocoa beans & paste; oil seeds and oleaginous fruits; unwrought lead and timber products

Indian Investments in GHANA*

Total over USD 1. 4 billion over the past two decades including FDIs; Local Diaspora investments and Third country NRI investments. Ghana Investment Promotion Center reported that in 2017, the total investments by Indian companies in Ghana was US$453.75 mn with a total of 22 projects registered with them (probably including the USD 398.33 million Buyer’s Credit for the Tema-Akosombo railway project) and India was second largest both in terms of projects and quantum of FDIs.

Ghanaian Investments in India

As per data available with Department of Industrial Policy and Promotion GOI, FDI inflow from Ghana in 2017 was negligible. (UNCTAD shows a figure of USD 1 million as Ghanaian FDI outflow to India in 2012)

Indian Community

The estimated number of Indians living in Ghana is about 10,000 persons out of which about 3,000 hold foreign nationalities.
Some of them have been in Ghana for over 70 years. (Majority of the older generation of PIOs are Gujaratis and Sindhis). The business activities of Indians in Ghana have contributed in a major way to the economic development of Ghana and are well appreciated.  Indian companies are the second highest investor in Ghana in terms of number of projects.
Indian Expatriates : Total: 7,000 (est.)
The NRIs in Ghana are mainly middle level employees of companies operating in Ghana, both Indian-origin owned as well as foreign companies, particularly in the marketing, finance and accounts, etc. They hail from various States in India (Kerala, Tamil Nadu, Karnataka, Andhra, Maharashtra, UP, West Bengal, Orissa and Punjab). 

*Note on Indian Investments in Ghana

Indian investments are listed by Ghana Investment Promotion Center data. These include (a) investments by Indian companies; (b) investments by PIOs based in Ghana who may still hold Indian nationalities; (c) Investments from third countries where one of the partners may be Indian or where the parent company is an Indian registered company in a third country. Hene this data cannot be corroborated either by Indian FDI-outflows or by UNCTAD data.

 

October 2018



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