Economy of Ghana

De **economy of Ghana** get a diverse den rich resource base, wey dey include de manufacturing den export of digital technology goods, automotive den ship construction den export, den de export of resources such as hydrocarbons den industrial minerals. Record high Gold price 2023 earn Ghana 15.6 billion $ of exports.

De Ghanaian domestic economy insyd 2012 revolve around services, wich account for 50% of GDP wey e employ 28% of de work force. Besides de industrialization associate plus minerals den oil, industrial development insyd Ghana remain basic, dem often associate plus plastics (such as chairs, plastic bags, razors, den pens). Na 53.6% of Ghana ein workforce be employed insyd agriculture insyd 2013.

Ghana embark on a currency re-denomination exercise from de Cedi (₵) to de new currency, Ghana Cedi (GH₵) insyd July 2007. De transfer rate be 1 Ghana Cedi for every 10,000 Cedis.

Ghana cam be de largest gold-producing country insyd Africa after overtaking South Africa insyd 2019. De country sanso be de second-largest cocoa producer (after Ivory Coast). Ghana be rich insyd diamonds, manganese anaa manganese ore, bauxite, den oil. Na dem cancel chaw of ein debt insyd 2005, buh na dem later allow government spending to balloon. Coupled plus a plunge insyd oil prices, na dis lead to an economic crisis wey force de government to negotiate a $920 million extended credit facility from de International Monetary Fund (IMF) insyd April 2015. Bloomberg rate Ghana currency Cedi as de strongest performing currency insyd de World April 2025 against de Dollar wey reduce ein debt burden.

## Taxation
Ghana get plenti rich resources wey dey support di economy. Dem dey do manufacture and export digital technology goods, plus dem dey build motor and ship wey dem dey export too. Ghana also dey export hydrocarbons and minerals. For 2023, di record-high gold price make Ghana earn $15.6 billion from export.

Back for 2012, di Ghana economy dey run mostly on services — dis sector na 50% of di GDP and e employ about 28% of di people wey dey work. Even though Ghana don start to industrialize because of oil and minerals, industrial level still basic for some areas. Most of di local factories dey produce plastic items like chair, plastic bag, shaving stick and pen.

For 2013, about 53.6% of people wey dey work for Ghana na for agriculture dem dey. (But dis stat dey old small.)

## Telecommunications
As January 2022 take end, di total number of people wey get voice subscription for Ghana reach **41,380,751**. Dis one be increase of **1.28%** from di number for December 2019 wey be **40,857,007**. Di mobile phone penetration rate for Ghana be **136.79%**, meaning say plenty people even get more than one SIM.

Mobile phone companies dey compete well-well for Ghana, and na dat competition dey help di telecom industry grow. Di current boss for di market be **MTN**, wey get **23,150,485** voice subscribers — dat be **55.95%** of all di market.

**Vodafone** come next with **9,075,795** subscribers — dat be **21.93%** market share. After dem be **AirtelTigo** with **8,428,322** subscribers — wey make dem get **20.69%**. Last one be **Glo**, wey get **726,149** subscribers — dat be **1.75%** of di market.

### Media and Internet
Di media for Ghana free pass many other African countries. Ghana dey rank number **3** for Africa and number **30** for di whole world for press freedom, according to di worldwide press freedom index. Chapter 12 for Ghana Constitution give di press full freedom and say media must dey independent. Chapter 2 sef talk say government nor fit censor media. Press freedom for Ghana come back since **1992**.

Ghana na one of di first African countries wey connect to di internet (World Wide Web). By **2010**, Ghana don get **165** licensed internet service providers (ISP). Dem dey operate **29 fiber optic networks**, **176 VSAT operators** (but only **57** dey work), and **99** internet providers wey dey serve di public. Plus that, Ghana get **25** operators for private data and packet-switched networks.

## References


## External links

* Google Earth map of the oil and gas infrastructure in Ghana
* World Bank Trade Summary Statistics Ghana