Background: Formed from the merger
of the British colony of the Gold Coast and the Togoland trust territory,
Ghana in 1957 became the first country in colonial Africa to gain its
independence. A long series of coups resulted in the suspension of
the constitution in 1981 and the banning of political parties. A new
constitution, restoring multiparty politics, was approved in 1992.
Location: Western Africa, bordering the Gulf
of Guinea, between Cote d'Ivoire and Togo
Geographic coordinates: 8 00 N, 2 00 W
Area:
total: 238,540 sq km
land : 230,020 sq km
water: 8,520 sq km
Land boundaries:
total: 2,093 km
border countries: Burkina Faso 548 km, Cote d'Ivoire 668 km, Togo 877
km
Irrigated land: 60 sq km (1993 est.); 110 sq
km (1998 est.); 310 sq km (2003)
Natural
hazards: dry, dusty, harmattan winds occur from January to March;
droughts
Environment - current issues: recent drought
in north severely affecting agricultural activities; deforestation;
overgrazing; soil erosion; poaching and habitat destruction threatens
wildlife populations; water pollution; inadequate supplies of potable
water
Environment
- international agreements:
party to : Biodiversity, Climate Change, Desertification, Endangered
Species, Environmental Modification, Law of the Sea, Nuclear Test
Ban, Ozone Layer Protection, Ship Pollution, Tropical Timber 83,
Tropical Timber 94, Wetlands
signed, but not ratified: Marine Life Conservation
Geography - note: Lake Volta is the world's
largest artificial lake; northeasterly harmattan wind (January to March)
Population: 19,533,560 (2000); 20,244,154 (2002
est.);
23,382,848 (July 2008 est.)
note: estimates for this country explicitly take into account the effects
of excess mortality due to AIDS; this can result in lower life expectancy,
higher infant mortality, higher death rates, lower population growth
rates, and changes in the distribution of population by age and sex
than would otherwise be expected
Age structure:
0-14 years: 37.8% (male 4,470,382/female 4,360,359)
15-64 years: 58.7% (male 6,852,363/female 6,866,470)
65 years and over: 3.6% (male 386,150/female 447,124) (2008 est.)
Birth rate: 29.81 births/1,000 population (2000
est.); 28.08 births/1,000 population (2002 est.); 29.22 births/1,000
population (2008 est.)
Death rate: 10.22 deaths/1,000 population (2000
est.); 10.31 deaths/1,000 population (2002 est.); 9.39 deaths/1,000
population (2008 est.)
Net migration rate: -0.89 migrant(s)/1,000 population
(2000 est.); -0.74 migrant(s)/1,000 population (2002 est.); -0.55 migrant(s)/1,000
population (2008 est.)
Sex ratio:
at birth: 1.03 male(s)/female
under 15 years: 1.03 male(s)/female
15-64 years: 1 male(s)/female
65 years and over: 0.86 male(s)/female
total population: 1 male(s)/female (2008 est.)
Infant mortality
rate: 57.43 deaths/1,000 live births (2000 est.) , 55.64 deaths/1,000
live births (2002 est.)
Life expectancy
at birth:
total population: 57.42 years (2000 est.), 57.06 years 2002 est.)
male : 56.07 years(2000 est.) , 55.66 years 2002 est.)
female: 58.82 years (2000 est.) , 58.51 years (2002 est.)
Total fertility rate: 3.95 children born/woman
(2000 est.) , 3.69 children born/woman (2002 est.)
National holiday: Independence Day, 6 March
(1957)
Constitution: new constitution approved 28 April
1992
Legal system: based on English common law and
customary law; has not accepted compulsory ICJ jurisdiction
Suffrage: 18 years of age; universal
Executive branch:
chief of state: President Jerry John RAWLINGS (since 7 January 1993);
Vice President John Evans Atta MILLS (since 7 January 1993); note
- the president is both the chief of state and head of government
head of government: President Jerry John RAWLINGS (since 7 January
1993); Vice President John Evans Atta MILLS (since 7 January 1993);
note - the president is both the chief of state and head of government
cabinet : Council of Ministers; president nominates members subject
to approval by Parliament
elections: president and vice president elected on the same ticket
by popular vote for four-year terms; election last held 7 December
1996 (next to be held NA December 2000)
election results: Jerry John RAWLINGS reelected president; percent
of vote - RAWLINGS 57.2%, John KUFUOR 39.8%
Legislative
branch: unicameral Parliament (200 seats; members are elected
by direct popular vote to serve four-year terms)
elections : last held 7 December 1996 (next to be held NA December
2000)
election results: percent of vote by party - NA; seats by party
- NDC 133, NPP 61, PCP 5, PNC 1
Judicial branch: Supreme Court
Political parties and leaders: Convention People's
Party or CPP [Nii Noi DOWUONA, general secretary]; Every Ghanaian Living
Everywhere or EGLE [Owuraku AMOFA, chairman]; Great Consolidated Popular
Party or GCPP [Dan LARTY]; National Convention Party or NCP [Sarpong
KUMA-KUMA]; National Democratic Congress or NDC [Dr. Huudu YAHAYA,
general secretary]; New Patriotic Party or NPP [Samuel Arthur ODOI-SYKES];
People's Convention Party or PCP [P. K. DONKOH-AYIFI, acting chairman];
People's Heritage Party or PHP [Emmanuel Alexander ERSKINE]; People's
National Convention or PNC [Edward MAHAMA]; Reform Party [Kyeretwie
OPUKU, general secretary]
Flag description: three equal horizontal
bands of red (top), yellow, and green with a large black five-pointed
star centered in the yellow band; uses the popular pan-African colors
of Ethiopia; similar to the flag of Bolivia, which has a coat of arms
centered in the yellow band
Standard Bank Market Watch Report -Click
Here to view.
Economy - overview: Well endowed with natural
resources, Ghana has roughly twice the per capita output of the poorest
countries in West Africa. Even so, Ghana remains heavily dependent
on international financial and technical assistance. Gold and cocoa
production, and individual remittances, are major sources of foreign
exchange. The domestic economy continues to revolve around agriculture,
which accounts for about 35% of GDP and employs about 55% of the work
force, mainly small landholders. Ghana opted for debt relief under
the Heavily Indebted Poor Country (HIPC) program in 2002, and is also
benefiting from the Multilateral Debt Relief Initiative that took effect
in 2006. Thematic priorities under its current Growth and Poverty Reduction
Strategy, which also provides the framework for development partner
assistance, are: macroeconomic stability; private sector competitiveness;
human resource development; and good governance and civic responsibility.
Sound macro-economic management along with high prices for gold and
cocoa helped sustain GDP growth in 2007. Ghana signed a Millennium
Challenge Corporation (MCC) Compact in 2006, which aims to assist in
transforming Ghana's agricultural sector.
Exports:
total value: $1.7 billion (f.o.b., 1999); $1.94 billion (f.o.b.,
2000); $4.194 billion f.o.b. (2007 est.)
commodities: gold, cocoa, timber, tuna, bauxite, aluminum, manganese
ore, diamonds
partners: Netherlands 11.3%, UK 8.7%, US 6.7%, Spain 5.7%, Belgium
5.2%, France 4.4% (2006)
Imports:
total value: $2.5 billion (f.o.b., 1999); $2.83 billion (f.o.b.,
2000); $8.073 billion f.o.b. (2007 est.)
commodities: capital equipment, petroleum, foodstuffs
partners: Nigeria 16.7%, China 13%, UK 5.7%, Belgium 4.7%, US 4.7%,
South Africa 4.1%, France 4.1% (2006)
Economic
aid -recipient: $477.3 million (1995) , $6.9 billion (1999);
$1.316 billion in loans and grants (2007)
Currency: 1 new cedi (C) = 100 pesewas
Exchange rates: cedis per US dollar - 0.95 (2007),
9,174.8 (2006), 9,072.5 (2005), 9,004.6 (2004), 8,677.4 (2003)
note: in 2007 Ghana revalued its currency with 10,000 old cedis equal
to 1 new cedis
Telephones - mobile cellular: 30,000 (yearend
1998); 150,000 (2001); 5.207 million (2006)
Telephone
system: fixed-line infrastructure outdated and unreliable; competition
among multiple mobile-cellular providers has spurred growth with
subscribership about 25 per 100 persons and rising
domestic: primarily microwave radio relay; wireless local loop has
been installed
international: country code - 233; landing point for the SAT-3/WASC
fiber-optic submarine cable that provides connectivity to Europe
and Asia; satellite earth stations - 4 Intelsat (Atlantic Ocean);
microwave radio relay link to Panaftel system connects Ghana to its
neighbors
Radio broadcast stations: AM 0, FM 18, shortwave
3 (1999); AM 0, FM 49, shortwave 3 (2001); AM 0, FM 86, shortwave
3 (2007)
Radios: 4.4 million (1997) , 12.5 million (2001)
Television broadcast stations: 11 (1999); 10
(2001); 7 (2007)
Televisions: 250,000 (1993 est.), 1.73 million
(1997) , 1.9 million (2001)
Internet
Service Providers (ISPs): 2 (1999) , 12 (2000)
Railways - total: 953 km
narrow gauge: 953 km 1.067-m gauge (2006)
Highways:
total: 42,623 km
paved: 3,267 km
unpaved: 39,356 km (2004)
Waterways: 1,293 km
note: 168 km for launches and lighters on Volta, Ankobra, and Tano
rivers; 1,125 km of arterial and feeder waterways on Lake Volta (2007)