page_title: Economy of Ghana
section_title: Economic transparency
hierarchical_section_title: Economy of Ghana / Economic transparency
caption_attribution_description: Ghana percent wealth owned chart; wealth distribution and wealth inequality chart.
context_page_description: The economy of Ghana has a diverse and rich resource base, including the manufacturing and exportation of digital technology goods, automotive and ship construction and exportation, and the exportation of diverse and rich resources such as hydrocarbons and industrial minerals. These have given Ghana one of the highest GDP per capita in West Africa. Owing to a GDP rebasement, in 2011 Ghana became the fastest-growing economy in the world.
  The Ghanaian domestic economy in 2012 revolved around services, which accounted for 50% of GDP and employed 28% of the work force. Besides the industrialization associated with minerals and oil, industrial development in Ghana remains basic, often associated with plastics. 53.6% of Ghana's workforce were employed in agriculture in 2013.
  Ghana embarked on a currency re-denomination exercise, from Cedi to the new currency, the Ghana Cedi in July 2007. The transfer rate is 1 Ghana Cedi for every 10,000 Cedis.
  Ghana is Africa's second-biggest gold producer and second-largest cocoa producer. It is also rich in diamonds, manganese ore, bauxite, and oil. Most of its debt was canceled in 2005, but government spending was later allowed to balloon.
context_section_description: The judicial system of Ghana deals with corruption, economic malpractice and lack of economic transparency. Despite significant economic progress, obstacles do remain. Particular institutions need reform, and property rights need improvement. The overall investment regime in Ghana lacks market transparency. Tackling these issues will be necessary if Ghana's rapid economic growth is to be maintained.
caption: The distribution of wealth ownership in Ghanaian society in 2013. A majority of wealth is held by 20% of the population.
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