South Africa 2 - An Economic Primer

Ghana
An Economic Primer
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Contents
Preface
Preface
Country
Country
Statistics
Domestic
Domestic Statistics
Product
Product
Major
Major
Industrial
Industrial
Trade
Trade and
and Sectors
Sectors
Investments
Investments
Index
Preface
Preface
Country
Country
Statistics
Domestic
Domestic Statistics
Product
Product
Major
Major
Industrial
Industrial
Trade
Trade and
and Sectors
Sectors
Investments
Investments
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Investment Destinations in Africa

South
Africa
Nigeria
Egypt
Algeria
Ghana
Zambia
Population (mn)
48.6
174.5
85.3
38.1
25.2
14.2
Area (mn, Sq. Km)
1.22
0.92
1.01
2.38
0.24
0.75
GDP (US$ bn)
391
273
255
206
40
21
2.6%
7.1%
2.0%
2.6%
8.2%
6.5%
11,300
2,700
6,600
7,500
3,300
1,700
5.2%
12.1%
8.5%
8.5%
9.1%
6.5%
43.3%
18.8%
85.0%
8.8%
47.4%
31.2%
101 / 107
97 / 71
28 / 59
77 / 48
14 / 18
8/7
GDP Growth
GDP Per Capita
Inflation
Debt to GDP
Export / Import (US$
bn)
Countries are arranged in the order of decreasing GDP

ARC Research Partners
May2013
Ghana An Economic Primer
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Ghana - Standings
79
25.1
%
th
rank in
GDP on PPP
basis
of GDP
173rd
7th
was spent on
gross fixed
investment in
2012
largest
recipient of
FDI in Africa
rank in GDP
per capita on
PPP basis
52nd
13.4
%
5th
expected GDP
growth,
highest in
Africa
rank of Ghana in gross

fixed investment
expenditure
favorable country to
do business in subSaharan Africa
May2013
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Ghana - Macroeconomic Indicators

Real GDP Growth (%)
Real GDP per capita growth (%)
Budget Balance (% of GDP)
Current Account (% of GDP)
CPI Inflation (%)
14.4%
10.8%
12.1%
8.7%
7.7%
9.2%
7.1%
4.8%
5.4%
2010
2011
-5.9%
-3.9%
-8.2%
-9.6%
2012
-4.9%
8.9%
8.0%
5.7%
2013e
-3.5%
-11.2%
-14.4%
May2013
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Index
Preface
Preface
Country
Country
Statistics
Domestic
Domestic Statistics
Product
Product
Major
Major
Industrial
Industrial
Trade
Trade and
and Sectors
Sectors
Investments
Investments
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GDP Growth Comparison
Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are
based on constant 2000 US$
2011
14.4%
8.2%
7.4%
7.1%
2012
Growth
6.6%
6.5%
3.7%
3.1%
3.1%
2.6%
2.6%
2.4%
0.2%
-0.1%
-0.3%
-0.6%
2.0%
1.8%
0.2%
-0.5%
-6.2%
World
Ghana
Nigeria
Zambia
South Africa
Algeria
Egypt
Countries are arranged in the order of decreasing growth rate

May2013
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GDP Components
Service
Industry
Agriculture
26%
30%
48%
64%
48%
46%
27%
34%
65%
43%
61%
37%
30%
32%
25%
15%
6%
World
31%
2%
South Africa
May2013
Nigeria
Egypt
20%
9%
Algeria
Ghana
Zambia
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GDP Growth Trend

Gross
Gross Domestic
Domestic Product
Product (US$
(US$
bn)
bn)
GDP
GDP - PPP
83
76
65
32
38
40
2010
2011
2012
43
2013e
109
100
91
59
54
49
2014p
2015p
131
119
2016p
65
2017p
GDP
GDP Growth
Growth Rate
Rate
GDP Growth at Constant Prices
GDP Growth at Current Prices
28.7%
25.8%
24.7%
23.0%
24.1%
18.1%
14.4%
8.0%
2010
2011
16.9%
16.6%
8.2%
7.8%
8.2%
7.5%
7.5%
7.3%
2012
2013e
2014p
2015p
2016p
2017p
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GDP per Capita

GDP
GDP Per
Per Capita
Capita
(US$)
(US$)
1,610
1,580
1,358
2010
2011
2012
1,666
2013e
1,993
1,856
2014p
2015p
2,286
2,131
2016p
2017p
GDP
GDP Per
Per Capita
Capita Growth
Growth Rate
Rate
GDP per Capita Growth at Constant Prices
GDP per Capita Growth at Current Prices
26%
23%
22%
20%
21%
15%
14%
14%
12%
5%
2010
2011
5%
5%
5%
5%
5%
5%
2012
2013e
2014p
2015p
2016p
2017p
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GDP by Sectors
Change
Change in
in GDP
GDP by
by Sector
Sector (%
(% of
of
GDP)
GDP)
9.9%
8.8%
Other services
Public administration, education, health
7.0%
4.8%
9.7%
7.8%
Finance, real estate and business services
12.5%
15.9%
Transport, storage and communication
12.3%
11.4%
Wholesale and retail trade, hotels and restaurants
1.5%
2.1%
6.8%
Manufacturing
Mining and quarrying
10.2%
1.8%
2.8%
29.9%
30.4%
Agriculture, Forestry and Fishin

May2013
2006
2010
8.6%
5.7%
Construction
Electricity, gas and water
Contribution
of
different
sectors in the GDP of Ghana
and how the contribution has
changed from 2006 to 2010
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GDP Structure
GDP
GDP composition
composition by
by sector
sector (2012
(2012
est.)
est.)
Agriculture
Industry
Services
25%
48%
27%
Major
Major Products
Products and
and
Industries
Industries
Major Agricultural
Products
Major Industries
Cocoa,
Rice,
Cassava(manioc),
Peanuts,
Corn,
Shea nuts,
Bananas,
Timber
Mining,
Lumbering,
Light Manufacturing,
Aluminum smelting,
Food processing,
Cement,
Small commercial ship
building
GDP (2012 est.): US$40.12

bn
May2013
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Index
Preface
Preface
Country
Country
Statistics
Domestic
Domestic Statistics
Product
Product
Major
Major
Industrial
Industrial
Trade
Trade and
and Sectors
Sectors
Investments
Investments
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Demographics
Christian
Religion
Religion Distribution
Distribution (2010
(2010
Census)
Census)
Muslim
Traditional
Other
Population
Population Distribution
Distribution (Jul2013
(Jul2013
est.)
est.)
None
38.7%
33.7%
5%
1%
5%
18.8%
18%
4.7%
71%
0-14
Population
Population Growth
Growth Rate
Rate (2013
(2013
est.)
est.)
Literacy
Literacy Rate
Rate (2010
(2010 census)
census)
15-24
25-54
55-64
4.1%
65+
Maiden
Maiden Age
Age (years)
(years) (2013
(2013 est.)
est.)
21.2
2.2
%
20.7
20.3
78%
65%
Overall
May2013
Male
Female
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Human Development Index - Comparison with Peers ARC
Human
Human Development
Development Index
Index (Ranks)
(Ranks)
The HDI is a composite of several indicators, which measure a country's achievements in three main arenas of
human development: longevity, education, and economic standard of living. The lower rank indicates better
human conditions
135
118
91
79
57
brazil
russia
india
china
south africa
Ghana 2013 Country Review, www.countrywatch.com
May2013
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Corruption Index Comparison with Peers
ARC
ARC HH
Corruption
Corruption Index
Index
Corruption Perceptions Index is a composite index which ranks countries in terms of the degree to which
corruption is perceived to exist among public officials. This index indicates the views of national and
international business people and analysts about the levels of corruption in each country. The highest (and
best) level of transparency is indicated by the number, 10. The lower (and worse) levels of transparency are
indicated by lower numbers
4.7
3.9
3.0
South Africa
Ghana
Zambia
2.8
2.8
Egypt
Algeria
2.5
Nigeria

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Political Risk Index Comparison with Peers

Political
Political Risk
Risk Index
Index
The Political Risk Index is calculated based on varied criteria including the following: political stability, political
representation, democratic accountability, freedom of expression, security and crime, risk of conflict, human
development, jurisprudence and regulatory transparency, economic risk, and corruption. A score of 0 marks
the highest political risk, while a score of 10 marks the lowest political risk
71.0
69.0
70.0
69.0
53.0
brazil
russia
india
china
south africa

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Crime in Ghana
228,65
3
1%
decline in crime
cases in 2012
compared to
2011
total number of
crimes
reported in
2012
12.9%
6.9%
Increase in
defilement
cases in 2012
compared to
2011
decline in rape
cases in 2012
compared to
2011
Crime
Crime trends
trends in
in Ghana
Ghana over
over 2006-2010
2006-2010 (All
(All figures
figures in
in
000s)
000s)
Totalnumber of crimes
100.0
90.0
70.2%
83.8
87.1
86.2
86.5
Fraud
Robbery
70.0%
33.2
60.0%
70.4
70.0
50.0%
60.0
41.4
30.0%
18.9%
20.0%
30.0
20.0
4.0%-1.0%
10.0
2005
2006
2007
2008
0.0%
2009
2010
-10.0%
May2013
31.6
22.7
22.7
19.2
16.6
12.5
3.9
0.5
2005
32.4
24.5
22.7
10.0%
0.4%
32.8
25.6
40.0%
40.0
0.0
Stealing
80.0%
80.0
50.0
Assault
Total crime growth rate
6.4
0.8
2006
6.9
0.3
2007
7.0
0.4
2008
8.6
8.5
0.5
2009
0.4
2010
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Population v/s Employment Trends

Employment
Employment to
to Population
Population Ratio,
Ratio, total
total
(%)
(%)
Employment to population ratio is the proportion of a country's population that is employed. Ages 15 and older
are generally considered the working-age population
67.5%
67.0%
67.0%
66.8%
2000
66.0%
66.0%
2001
2002
2003
May2013
2004
66.8%
2005
66.4%
66.4%
2006
2007
66.5%
2008
66.6%
2009
2010
66.7%
2011
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Inflation Trends
Inflation
Inflation Trend
Trend (%
(% change
change in
in CPI)
CPI)
10.4%
10.0%
8.6%
8.7%
8.6%
40909
40940
40969
9.1%
8.8%
41000
41030
9.3%
41061
9.4%
41091
9.5%
41122
9.5%
9.4%
41153
41183
9.2%
41214
9.3%
41244
8.8%
8.8%
41275
41306
41334
41365
Composition
Composition of
of CPI
CPI
Food and non-alcoholic beverages
Clothing and footwear
Hotels, Caf and Restaurants
3%
2%
2%
3%
Furnishing and Householf equipment

Utilities
Transport
45%
4%7%
6%
8%
8%
0%
Health
Recreation and Culture
Miscellaneous Goods and Services
11%
Alcoholic Beverages, Tobacco and Narcotics

Eductaion
Energy
May2013
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Index
Preface
Preface
Country
Country
Statistics
Domestic
Domestic Statistics
Product
Product
Major
Major
Industrial
Industrial
Trade
Trade and
and Sectors
Sectors
Investments
Investments
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Foreign Investment Index Comparison with Peers ARC
Foreign
Foreign Investment
Investment Index
Index
Foreign Investment Index is based on a given country's economic stability, economic risk, business and
investment climate. A score of 0 marks the lowest level of foreign investment viability, while a score of 10
marks the highest level of foreign investment viability, according to this proprietary index
8.0
6.0
South Africa
Nigeria
5.5
Ghana
5.0
5.0
Egypt
Algeria
5.0
Zambia

May2013
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FDI Attractiveness of Ghana*
World Investment Report 2012, UNCATD
*Among African Nations
FDI Attraction
Attraction Index
Index
FDI
High
FDI
FDI Potential
Potential Index
Index
Low
Moderate High
Chad, Liberia, Madagascar,

Niger
Albania, Bahamas, Congo,

Lebanon,
Mozambique, Zambia
Ghana, Nigeria,
Armenia
Malta,
Namibia, Seychelles,
Sudan, Tanzania
Egypt
Antigua and Barbuda,

Central African Republic,
Djibouti, Dominica, Fiji,
Grenada,
Mali
Barbados, Botswana,
Cameroon,
Mauritius, Uganda,
Zimbabwe
Algeria
Haiti, Kiribati, Lesotho,

Rwanda,
Samoa, Sierra Leone,
Swaziland, Togo, Tonga
Angola, El Salvador,
Ethiopia,
Kenya, Senegal
Low
Low
Above Expectations
May2013
At par with Expectations
Below Expectations
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FDI in Ghana
FDI
FDI trends
trends in
in Ghana
Ghana (US$
(US$ mn)
mn)
3,500
10.0%
3,222
9.0%
3,000
Years 2009 to 2011 has seen significant

increase in FDI to GDP ratio with mining
sector receiving more than US$ 2 bn FDI
7.9%
2,500
8.2%
8.0%
7.0%
6.5%
6.0%
2,000
1,678
5.0%
4.2%
1,500
3.3%
3.1%
1,000
3.5%
4.0%
1,212
3.0%
855
1.8%
1.7%
500
1.6%
1.4%
636
2.0%
1.0%
166
89
59
2001
2002
137
139
145
2003
2004
2005
1.0%
2000
May2013
2006
2007
2008
2009
2,527
2010
0.0%
2011
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Reserves of Forex
Foreign
Foreign Exchange
Exchange Reserves
Reserves (in
(in US$
US$
bn)
bn)
5.91
Owing to tremendous inflow of FDI in the last three

years the forex reserves of Ghana have gone up
significantly
5.16
3.69
2.27
1.75
2.22
1.9
2.01
1.47
0.64
0.31
0.38
2000
2001
2002
May2013
2003
2004
2005
2006
2007
2008
2009
2010
2011
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Debt
Gross
Gross Government
Government Debt
Debt (US$
(US$
bn)
bn)
17.0
18.0
14.8
6.4
6.2
5.5
5.4
2000
2001
2002
2003
88.0%
83.9%
7.8
5.2
5.2
5.3
2004
2005
2006
2007
9.6
9.4
2008
2009
2010
2011
2012
Debt
Debt as
as %
% of
of
GDP
GDP
125.4%
103.2%
58.2%
48.6%
26.2%
2000
2001
2002
2003
May2013
2004
2005
2006
31.5%
33.6%
36.2%
2007
2008
2009
46.0%
43.4%
44.9%
2010
2011
2012
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Stock Index Performance

GSECI
GSECI (Ghana
(Ghana Stock
Stock Exchange
Exchange Composite
Composite Index)
Index) level
level
trends
trends
Y-o-Y return for

GSECI is 71.3%
at the end of
APR13
Before 2011 index was called GSE all share index and was changed to
GSESCI in 2011 with base date and value being 31 Dec 2010 and 1000
respectively
1,801
1,737
1,482
1,281
1,200
1,023
1,045
1,031
1,026
1,044
41030
41061
41091
41122
41153
1,131
1,133
41183
41214
41244
41275
41306
41334
41365
Note: Data here represents stock levels at the end of respective months
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Stock Index Performance

GSECI
GSECI monthly
monthly
returns
returns
17.2%
15.7%
8.3%
6.8%
5.8%
3.7%
2.2%
1.8%
0.2%
-0.5%
-1.4%
41061
41091
41122
41153
May2013
41183
41214
41244
41275
41306
41334
41365
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Trade Balance
Exports (in US$ mn)
Imports (in US$ mn)
Balance of Trade (in US$ Mn)

17,700
15,703
12,773
13,500
10,922
9,735
8,071
8,046
6,523
5,279
4,493
3,231
2,563
5,268
7,959
5,838
4,223
3,734
2,801
2,732
-668
-1,761
-2,478
-2,208
-2,789
-3,848
2003
2004
2005
May2013
2006
2007
-4,467
2008
2009
-2,930
-2,963
2010
2011
-4,200
2012
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Trade Balance
Current
Current Account
Account to
to GDP
GDP ratio
ratio (in
(in %)
%)
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
-1.1%
-2.5%
-4.0%
-5.1%
-6.5%
-8.0%
-8.2%
-10.8%
-11.6%
-14.6%
May2013
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Export Import Destinations

Top
Top Exports
Exports Countries
Countries
Top
Top Import
Import Countries
Countries
19.1%
20.4%
10.2%
12.4%
8.6%
8.1%
7.8%
4.7%
FranceNetherlands
US
Italy
May2013
UK
5.6%
4.2%
India
China
Nigeria
US
5.1%
India Netherlands
4.2%
UK
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Doing Business in Ghana

Ranking
Ranking of
of Ghana
Ghana on
on ease
ease of
of doing
doing
Business
Business
Ranking of Ghana on ease of performing different activities in business. Ranking is out of 183 countries, the
lesser the value the better.
Starting a Business
Getting Electricity
Dealing with Construction Permits
104
160
112
162
66
63
Resolving Insolvency
114
115
47
48
Registering Property
45
37
23
38
46
80 49
98
99
89
Enforcing Contracts
Trading Across Borders
May2013
Getting Credit
Protecting Investors
Paying Taxes
2013e
2012
The global Competitiveness Report, 2012-13, World Economic Forum

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Doing Business / Competitiveness

Ease
Ease of
of Doing
Doing Business
Business
Ranking
Ranking
1=most business-friendly regulations
64
39
South Africa
94
109
Egypt
131
Ghana
Zambia
Nigeria
87
90
92
94
Ghana
Algeria
Zambia
152
Algeria
Infrastructure
Infrastructure Quality
Quality
Ranking
Ranking
60
South Africa
Egypt
120
Nigeria
The global Competitiveness Report, 2012-13, World Economic Forum

May2013
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Contents
Preface
Preface
Country
Country
Statistics
Domestic
Domestic Statistics
Product
Product
Major
Major
Industrial
Industrial
Trade
Trade and
and Sectors
Sectors
Investments
Investments
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Key Sectors and Opportunities

Agriculture
Mining
Major agricultural products are Cocoa, Rice,

Cassava(manioc), Peanuts, Shea nuts and Corn
Ghana is second largest producer of cocoa in the
world after Ivory Coast, it was the second largest
foreign exchange earner for Ghana after gold till
2012
Agricultural activities constitute around 30% of the
total GDP of Ghana
Major mined commodities include Gold, Diamond,

Bauxite and Manganese
Mining and quarrying contribute around 5% of
Ghanas GDP
Ghana is second largest producer of gold in Africa
only behind South Africa
Gold production has grown almost 6 times from
5.2 mn ounces in 1990 to 29.2 mn ounces in
2011
Petroleum and Gas
Textile
Ghana is ranked 45 in terms of oil reserves in the

world, it had an estimated 660 mn barrels of oil
reserves in 2012
Oil and gas exploration is still underway and
government claim that reserves of around 5 bn
barrels will soon be found
In 2012, oil replaced cocoa as second largest forex
generator
An important source of foreign In 2009 export of

textiles from Ghana reached US$18.2mn and the
US$15.6mn in 2010
Key players are Printing Company Limited (GTP),
Ghana Textile Manufacturing Company Limited
(GTMC), Akosombo Textile Limited (ATL), Printex
Limited and Global Garments & Textile Limited
May2013
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R
RE
ES
SE
E
Agriculture
Petroleum and
Gas
Mining
50%
7%
of the working
population is
employed by
agriculture
directly or
indirectly
of the GDP in
2011 was from
agriculture and
related
activities
Traditionally agriculture has constituted around onethird of the GDP of the country, but in the resent
years growth rate of agriculture pales in contrast with
newer sectors like manufacturing, infrastructure,
storage and telecommunication
Supply and installation of cold chain equipment and
cold vans and other services in transport and
packaging have helped Ghana in increasing it
agricultural export
The main industrial crops are palm oil, cotton, rubber,
sugar cane, tobacco, and kenaf, but none of them are
considered of any strategic economic importance by
the government
May2013
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Textiles
1mn mt
cocoa was
produced in 2011,
highest ever in
history
90%
of farm holdings
in Ghana are
less than 2
hectares
Founded in 1947, Ghana Cocoa Board (cocobod)

controls the price of the cocoa produced in Ghana
Its main objective is to control price so that
farmers are protected from the price fluctuations
and exploitation
Barring a few special types almost all of the
cocoa produce of Ghana is controlled by cocobod
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SE
E
Agriculture
Petroleum and
Gas
Mining
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Textiles
Production of Cocoa ('000 mt)

1,024.50
903.60
740.50
736.90
436.60
2000
389.60
2001
614.50
599.30
496.80
680.80
710.60
2008
2009
864.40
340.60
2002
2003
2004
2005
2006
2007
2010
2011
2012
Production of Rice (paddy) ('000 mt)

492
391
215
2000
253
280
302
239
242
237
250
185
2001
2002
2003
May2013
2004
2005
2006
2007
2008
2009
2010
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R
RE
ES
SE
E
Agriculture
Petroleum and
Gas
Mining
US$2
bn FDI has
2nd
largest producer
of gold in Africa
been invested in
mining sector in
last three years
ARC
ARC HH
Textiles
27
.61%
37%
of the exports in
2011 were from
mining sector
Of the Ghana
revenue was
represented by
mining sector in
2011
Gold
Gold Production
Production in
in Africa
Africa (2011)
(2011)
(Tonnes)
(Tonnes)
Gold has been the most important export of
Ghana, although it lost its 8th position in the world
it still is the 2 largest producer of gold in African
region
197.9
Ghana is also one of the major producers of

diamonds but the production has been falling since
2005, when it peaked at 1.062 mn carats
Despite the important contribution of the sector to
GDP, mining sector employs only 0.69% of the
working population as mining is dominated by
major international corporations that prefer to
employ better educated and trained workers from
outside Ghana
May2013
91.0
49.6
South Africa
Ghana
Tanzania
45.8
Mali
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SE
E
Agriculture
Mining
Petroleum and
Gas
ARC
ARC HH
Textiles
Investment in Mining Industry (US$ mn)

799.5
765.3
762.3
770
780
2008
2009
2010
2011
670.2
662
556.4
231.8
2000
275.5
2001
313.7
330.4
2002
2003
2004
2005
2006
2007
Gold Production Trend (mn ounces)
4.2
3.6
2.3
2000
2.2
2001
2.1
2.2
2002
2003
2.2
2.2
2005
2006
2.5
2.6
2007
2008
2.9
3.0
2009
2010
1.8
May2013
2004
2011
2012
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SE
E
Agriculture
Petroleum and
Gas
Mining
ARC
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Textiles
Production Trend of Diamond ('000 carats)

1,062.9
870.5
924.6
927.0
911.8
970.7
837.5
627.0
598.0
354.4
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
308.6
283.3
2010
2011
215.1
2012
Sales Trend of Bauxite ('000 Tonnes)

885.8
715.4
647.2
503.8
2000
2001
2002
748.2
726.6
494.7
498.1
2003
2004
May2013
2005
2006
2007
693.9
2008
662.9
490.4
512.2
2009
2010
410.9
2011
2012
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Agriculture
Petroleum and
Gas
Mining
83.34
US$3bn
barrels of oil per

day is projected
production in
2013
worth of exports
in 2012
Oil
Oil Revenues
Revenues and
and Growth
Growth trend
trend
500
800mn
barrels of oil is the

expected reserve
in Jubillee field
250
mncu/ft/day is
expected gas
production by Dec.
2014, current level
is 60 mncu/ft/day
Major
Major Players
Players of
of Petroleum
Petroleum and
and Gas
Gas sector
sector
581
541
600
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Textiles
444
400
300
200
100
0
21.8%
7.4%
2011
2012
Oil Revenues
2013(E)
Oil Revenue Growth
May2013
Ghana National
Petroleum Corporation
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Agriculture
Mining
Petroleum and
Gas
Indigenous
textile products
like Kente,
Adinkra (handprints) smock or
Fugu are also
exported
Fancy prints,
wax prints, java
prints, calico
smock, ladies
dresses, mens
wear, etc. are
main exports
Industry
Industry Segmentation
Segmentation
This sector can be subdivided into the following

different groups:
Export-based readymade garments
Traditional textiles like Kente and wax prints
Custom-made garments
Ready-to-wear garments for the domestic

market
May2013
ARC
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Textiles
Export
destination for
made-in-Ghana
textiles includes
EU countries,
USA and
ECOWAS
Low cost imports,

pirated designs
and high cost of
capital are the
main challenges
faced by this
sector
Major
Major Players
Players of
of Textile
Textile sector
sector
Ghana Textile Printing

Company Limited
Akosombo Textile
Limited
Ghana
Textile
Manufacturing
Company Limited
Printex
Limited
and
Global
Garments & Textile Limited
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RESE
ARC H
Thank You
CA. Tapan Jindal
tapan@arc-fs.com
+91 11 6542 2128
Manoj Singh
info@arc-fs.com
+91 11 4562 2128
Disclaimer
The information contained herein has been obtained form various public sources.
The above information is believed to be correct but is not necessarily complete
and its accuracy cannot be guaranteed. ARC Research Partners is not responsible
for any error or any decision taken by the reader based on this information. ARC
Research Partners will not accept any liability, whatsoever with respect to the use
of this document or its content.
Ashwani Kansal
info@arc-fs.com
+91 11 4562 2128
Copyright by ARC Research Partners

No part of this publication may be reproduced, stored in a
retrieval system, or transmitted in any form or by any
means electronic, mechanical, photocopying,
recording, or otherwise without the permission of ARC
Research Partners.

South Africa 2 - An Economic Primer

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South Africa 2 - An Economic Primer

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Ghana

ARC Financial Services Pvt. Ltd.

Investment Destinations in Africa

Area (mn, Sq. Km)

GDP (US$ bn)

Countries are arranged in the order of decreasing GDP

Ghana An Economic Primer

ARC Research Partners

rank of Ghana in gross

Ghana An Economic Primer

Ghana - Macroeconomic Indicators

Real GDP per capita growth (%)

Budget Balance (% of GDP)

Current Account (% of GDP)

CPI Inflation (%)

ARC Research Partners

Ghana An Economic Primer

GDP Growth Comparison

Countries are arranged in the order of decreasing growth rate

Ghana An Economic Primer

ARC Research Partners

Ghana An Economic Primer

GDP Growth Trend

GDP Growth at Current Prices

ARC Research Partners

Ghana An Economic Primer

GDP per Capita

GDP per Capita Growth at Current Prices

ARC Research Partners

Ghana An Economic Primer

Finance, real estate and business services

Transport, storage and communication

Wholesale and retail trade, hotels and restaurants

Agriculture, Forestry and Fishin

Ghana An Economic Primer

GDP (2012 est.): US$40.12

ARC Research Partners

Ghana An Economic Primer

ARC Research Partners

Ghana An Economic Primer

ARC Research Partners

Ghana An Economic Primer

Corruption Index Comparison with Peers

Ghana 2013 Country Review, www.countrywatch.com

Ghana An Economic Primer

Political Risk Index Comparison with Peers

Ghana 2013 Country Review, www.countrywatch.com

Ghana An Economic Primer

Total crime growth rate

Ghana An Economic Primer

Population v/s Employment Trends

ARC Research Partners

Ghana An Economic Primer

Furnishing and Householf equipment

Alcoholic Beverages, Tobacco and Narcotics

ARC Research Partners

Ghana An Economic Primer

Ghana 2013 Country Review, www.countrywatch.com

Ghana An Economic Primer

FDI Attractiveness of Ghana*

World Investment Report 2012, UNCATD

*Among African Nations

Chad, Liberia, Madagascar,

Albania, Bahamas, Congo,