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EIU Ghana

Overview

The popularity of the New Patriotic Party (NPP) government has started to wane, as widespread power cuts have raised concerns over the effectiveness of the government's investment agenda and corruption allegations have tainted its reputation. The main opposition party, the National Democratic Congress (NDC), appears unified and focused on regaining the presidency at the 2008 election. On a positive note for the government, real GDP growth is forecast to remain strong, at 6.3% in 2008 and 6.5% in 2009, as the mining sector continues to grow strongly. Assuming that normal weather patterns return and international prices for gold and cocoa remain strong, the current-account deficit is forecast to narrow to 8.4% of GDP in 2008 and 8.2% of GDP in 2009.

Key Reports Available for Ghana
  • Country Report
  • Country Profile
  • Country Risk Service
  • Basic Data

    Land area
    238,537 sq km
    Population
    23.5m (2007, IMF estimate)
    Main towns
    Population in '000 (2008, World Gazetteer)
    Accra (capital): 2,280
    Kumasi: 1,766
    Sekondi-Takoradi: 454
    Tamale: 428
    Achiaman: 255
    Tema: 172
    Cape Coast: 169
    Teshie: 168
    Obuasi: 161
    Koforidua: 107
    Climate
    Tropical
    Weather in Accra (altitude 27 metres)
    Hottest months, March, April, 23-35°C; coldest month, August, 22-27°C; driest month, January, 15 mm average rainfall; wettest month, June, 178 mm average rainfall
    Languages
    English (official), Twi, Ewe, Fante, Ga, Hausa
    Measures
    Metric system
    Currency
    Cedi (C)=100 pesewas. Average exchange rate in 2007: C0.94:US$1. Exchange rate on October 17th 2008: C1.17:US$1
    Time
    GMT
    Public holidays
    January 1st, March 6th (Independence day), Good Friday, Easter Monday, May 1st (Labour day), July 1st (Republic day), December 6th (Farmers' day) December 25th-26th
    SOURCE: Country Profile


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