Ghana banner image


Ghana Economic Outlook

  • Real GDP growth is estimated to have slowed for the fifth consecutive year due to tightened monetary and fiscal policies, among other factors, but is projected to recover in 2017 and 2018 if the non-oil economy improves and as new hydrocarbon wells come on stream.
  • The December 2016 elections resulted in the transition of political power to the opposition political party and some changes are to be expected in policy direction, including emphasis on measures to unleash private sector development.
  • While industry is the second largest contributor to Ghana’s GDP, its performance could be strengthened if industrial support policies and programmes were better targeted and measures to improve access to finance and tackle constraints related to skills and infrastructure could be prioritised.

Read more

Key Facts

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

Show more facts




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

M. Yero Baldeh, Country Manager

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