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Ghana

Ghana Economic Outlook

  • Ghana’s economic growth, which had slowed from 4.0% in 2014 to 3.7% in 2015, is expected to recover to 5.8% in 2016 and 8.7% in 2017, following consolidation of macroeconomic stability and implementation of measures to resolve the crippling power crisis.
  • Monetary and fiscal policies were tightened in 2015 and are expected to remain so in 2016 in line with the fiscal and monetary policy consolidation reforms underway as Ghana prepares for national elections in late 2016.
  • Ghana continues to experience rapid urbanisation, which has led to a number of sustainable development challenges, particularly regarding sanitation and transportation infrastructure.

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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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Contacts

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. Mbekeani, Kennedy, Officer in Charge

West Africa Region

Mr. M. Janvier LITSE, Director West Africa Region

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

TEL. : (+225) 20 26 40 47