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Ghana

Ghana Economic Outlook

Economic growth fell from 14% in 2011 at the onset of oil production to 3.5% in 2016, the lowest in two decades. The economy recovered in 2017, growing an estimated 6.3%, spurred by recovery in nonoil sectors, lower inflation, and new hydrocarbon wells (the Tweneboa, Enyenra, Ntomme, and Sankofa oil and gas fields). Over the medium term, economic growth is expected to accelerate to 8.5% in 2018 and then moderate at 6.2% in 2019 as the budget and current account deficits narrow amid lower inflation and falling interest rates.

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Key Facts

Flag:
Capital: Accra
Area: 239,460 sq km
Total Population 2017: 28.7 Million
Urban Population 2017: 73.50%
Female Population 2017: 49.70%
GDP: US$ 34.0 Billion
GNI Per Capita 2015: US$ 1,480
Inflation Rate: 10.52%
Crude Birth Rate (per 1000): 31.10%
Human Development Index (rank / 188): 139
Human Development Index (scale 0 to 1): 0.579
Membership Date: 10/09/1964
Cumulative Approvals (1967-2016): UA 2.1 Billion

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Ghana Country Office

African Development Bank Group
Tafawa Balewa Street, North Ridge
PMB MB 59 Ministries, Accra - Ghana
Tel: (233) 302 66 28 18/(233) 302 66 28 35
Fax: (233) 302 66 28 55

Mr Yero Baldeh, Country Manager

West Africa Region

Mrs Marie-Laure Akin-Olugbade, Director General

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

TEL. : (+225) 20 26 40 47