Ghana

Ghana Economic Outlook

  • Although Ghana registered relatively commendable economic growth in 2014, the economy faced major challenges in the form of a sharp currency depreciation, deepening energy crisis, deteriorating macroeconomic imbalance, and rising inflation and interest rates.
  • Over the medium term, the economy is projected to recover, bolstered mainly by higher oil and gas production, combined with increased private sector and public infrastructure investments, as well as an improved macroeconomic framework and political stability.
  • Ghana’s accelerated economic growth over the past decade has helped the country achieve the MDG goal of halving poverty, although there is evidence of growing disparities in spatial development and income inequality across regions, especially in the three northern regions. Progress in the achievement of other MDGs remains mixed, with the 2015 targets likely to be missed.

Contacts

Ghana field office

African Development Bank Group
No.1 Dr. Isert Road - 7th Avenue – Ridge
Accra, Ghana
Tel: (233) 302 66 28 18/(233) 302 66 28 35
Fax: (233) 302 66 28 55

Ms Akin-Olugbade, Marie-Laure, Resident Representative

Department West Africa Region

Mr. Franck Perrault, Director West Africa Region

African Development Bank Group
24ème  Etage, Immeuble  CCIA, Plateau
01 Boite Postale 1387 Abidjan 01
Côte d’Ivoire

Phone: (+225) 20 20 40 46

Key Facts

Flag:
Capital: Accra
Area: 239,460 sq km
Total Population 2013: 25.9 Million
Urban Population 2013: 53.21%
Female Population 2013: 50.42%
GDP: US$ 41.3 Billion
GNI Per Capita 2013: US$ 1,550
Inflation Rate: 11.74%
Crude Birth Rate (per 1000): 30.87%
Human Development Index (rank / 187): 135
Human Development Index (scale 0 to 1): 0.558
Membership Date: 10/09/1964
Cumulative Approvals (1967-2013): UA 1.8 Billion

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