page_title: Ghana
section_title: Key sectors
hierarchical_section_title: Ghana / Economy / Key sectors
caption_attribution_description: Ghana economic export trends chart.
context_page_description: Ghana, officially the Republic of Ghana, is a country along the Gulf of Guinea and the Atlantic Ocean, in the subregion of West Africa. Spanning a land mass of 238,535 km², Ghana is bordered by the Ivory Coast in the west, Burkina Faso in the north, Togo in the east, and the Gulf of Guinea and Atlantic Ocean in the south. Ghana means "Warrior King" in the Soninke language.
  The first permanent state in the territory of present-day Ghana dates back to the 11th century, the Bono State. Numerous kingdoms and empires emerged over the centuries, of which the most powerful was the Kingdom of Dagbon and the Kingdom of Ashanti. Beginning in the 15th century, the Portuguese Empire, followed by numerous other European powers, contested the area for trading rights, until the British ultimately established control of the coast by the late 19th century. Following over a century of native resistance, what are now Ghana's borders follow the lines of what were four separate British colonial territories: Gold Coast, Ashanti, the Northern Territories and British Togoland. Those were unified as an independent dominion within the British Commonwealth on 6 March 1957.
context_section_description: Ghana is an average natural resource enriched country possessing industrial minerals, hydrocarbons and precious metals. It is an emerging designated digital economy with mixed economy hybridisation and an emerging market with 8.7% GDP growth in 2012. It has an economic plan target known as the "Ghana Vision 2020". This plan envisions Ghana as the first African country to become a developed country between 2020 and 2029 and a newly industrialised country between 2030 and 2039. This excludes fellow Group of 24 member and Sub-Saharan African country South Africa, which is a newly industrialised country. Ghana's economy also has ties to the Chinese yuan renminbi along with Ghana's vast gold reserves. In 2013, the Bank of Ghana began circulating the renminbi throughout Ghanaian state-owned banks and to the Ghana public as hard currency along with the national Ghana cedi for second national trade currency. 
  Between 2012 and 2013, 37.9 percent of rural dwellers were experiencing poverty whereas only 10.6 percent of urban dwellers were. Urban areas hold greater opportunity for employment, particularly in informal trade, while nearly all (94 percent) of rural poor households participate in the agricultural sector.
  The state-owned Volta River Authority and Ghana National Petroleum Corporation are the two major electricity producers. The Akosombo Dam, built on the Volta River in 1965, along with Bui Dam, Kpong Dam, and several other hydroelectric dams provide hydropower. In addition, the Government of Ghana has sought to build the second nuclear power plant in Africa.
  The Ghana Stock Exchange is the 5th largest on continental Africa and 3rd largest in sub-saharan Africa with a market capitalisation of GH¢ 57.2 billion or CN¥ 180.4 billion in 2012 with the South Africa JSE Limited as first. The Ghana Stock Exchange (GSE) was the 2nd best performing stock exchange in sub-saharan Africa in 2013.
  Ghana also produces high-quality cocoa. It is the 2nd largest producer of cocoa globally, and was projected to become the world's largest producer of cocoa in 2015.
  Ghana is classified as a middle income country. Services account for 50% of GDP, followed by manufacturing (24.1%), extractive industries (5%), and taxes (20.9%).
caption: Ghana petroleum and commodities; exports in percentage.
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