Attribute | Value |
---|---|
Geography | |
Area | 238,533 km² |
Continent | Africa |
Land area | 227,533 km² |
Water area | 11,000 km² |
Land boundaries | 2,420 km |
Border countries |
|
Coastline | 539 km |
Mean elevation | 190 m |
Lowest point | 0 m |
Highest point | 885 m |
People | |
Population | 29,340,248 |
Official languages |
|
Religion | Christian |
Government | |
Long country name | Republic of Ghana |
Short country name | Ghana |
Long local name | Add |
Short local name | Add |
Former name |
|
Government type | Presidential republic |
Capital | Accra |
Economy | |
GDP (PPP) | 134,000,000,000 USD |
GDP (OER) | 47,020,000,000 USD |
GDP (real growth rate) | 8.4 % |
GDP - per capita (PPP) | 4,700 USD |
Gross national saving | 9 % of GDP |
Labor force | 12,490,000 |
Unemployment rate | 11.9 % |
Population below poverty line | 24.2 % |
Budget revenues | 9,544,000,000 USD |
Budget expenditures | 12,360,000,000 USD |
Military expenditures | 0.41 % of GDP |
Taxes and other revenues | 20.3 % of GDP |
Budget surplus or deficit | -6 % of GDP |
Public debt | 71.8 % of GDP |
Inflation rate | 12.4 % |
Central bank discount rate | 20 % |
Commercial bank prime lending rate | 30.35 % |
Stock of narrow money | 7,018,000,000 USD |
Stock of broad money | 7,018,000,000 USD |
Stock of domestic credit | 14,250,000,000 USD |
Market value of publicly traded shares | 13,410,000,000 USD |
Current account balance | -2,131,000,000 USD |
Exports | 13,840,000,000 USD |
Imports | 12,650,000,000 USD |
Reserves of foreign exchange and gold | 7,555,000,000 USD |
External debt | 22,140,000,000 USD |
National currency | cedis |
National currency (code) | GHC |
National currency (symbol) | Add |
National currency rate to USD | 4.385 |
Formed from the merger of the British colony of the Gold Coast and the Togoland trust territory, Ghana in 1957 became the first sub-Saharan country in colonial Africa to gain its independence. Ghana endured a series of coups before Lt. Jerry RAWLINGS took power in 1981 and banned political parties. After approving a new constitution and restoring multiparty politics in 1992, RAWLINGS won presidential elections in 1992 and 1996 but was constitutionally prevented from running for a third term in 2000. John KUFUOR of the opposition New Patriotic Party (NPP) succeeded him and was reelected in 2004. John Atta MILLS of the National Democratic Congress won the 2008 presidential election and took over as head of state, but he died in July 2012 and was constitutionally succeeded by his vice president, John Dramani MAHAMA, who subsequently won the December 2012 presidential election. In 2016, however, Nana Addo Dankwa AKUFO-ADDO of the NPP defeated MAHAMA, marking the third time that the Ghana’s presidency has changed parties since the return to democracy.