What is the GDP of Ghana?

Ghana's GDP is approximately $82.3 billion USD. The GDP growth rate is 5.6%.

What is the population of Ghana?

Ghana has a population of approximately 34.4 million people. The population growth rate is 1.9%.

What is the inflation rate in Ghana?

The inflation rate in Ghana is 22.8%.

What is the unemployment rate in Ghana?

The unemployment rate in Ghana is 3%.

What is the GDP per capita of Ghana?

Ghana's GDP per capita is approximately $2,391 USD.

Is Ghana a good country to invest in?

Ghana has an investment score of 30/100, classified as "Caution" risk. Key sectors include Mining (Gold), Cocoa, Energy (Oil). Credit rating: CCC+.

How open is Ghana's economy to trade?

Ghana's trade openness (trade as % of GDP) is 70%. Exports total approximately $29.2B and imports $28.2B.

How much foreign investment does Ghana attract?

Foreign direct investment (FDI) in Ghana is 2.1% of GDP. There may be opportunities for early-mover investors.

What are the main economic sectors in Ghana?

Ghana's economy is composed of services (41% of GDP), industry (32% of GDP), and agriculture (21% of GDP).

Can I start a business in Ghana as a foreigner?

Ghana offers various options for foreign entrepreneurs. Visit our business setup guide for Ghana for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Ghana's economy growing?

Ghana's GDP growth rate is 5.6%. This is above the global average, indicating strong economic momentum.

🇬🇭

Ghana Economy Overview

Name: NationsData World Economic Dataset
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

Sub-Saharan AfricaLower MiddleCapital: AccraGHA

Caution

CCC+

Growing

82.3B USD

GDP (Nominal)

Growing at 5.6%

$2,391

GDP Per Capita

Developing economy

34.4M

Population

+1.9% annual growth

High

22.8%

Inflation

Elevated

70%of GDP

Trade Openness

Strong

2.1%of GDP

FDI Inflows

Public Debt

Low

Unemployment

Surplus

+$1B

Trade Balance

Currency & Exchange Rate

Currency

GH₵ Ghanaian Cedi

GHS

Exchange Rate (1 USD)

GH₵15.20

+18.7% YoY(weakened)

5-Year Change

+164.3%

From GH₵5.75

Regime & Controls

managed float

Capital controls: moderate

GDP

Billion USD, nominal

$82.3B

2024+1.8B

GDP Growth

Annual %

5.6%

2024+2.5%

Inflation

Consumer prices, annual %

22.8%

2024-15.3%

Population

Millions

34.4M

2024+0.6M

Economic Structure

Services41%

Industry32%

Agriculture21%

Infrastructure38/100

Internet Speed

18 Mbps

Mobile: 14 Mbps

Logistics Index

2.5 /5.0

World Bank LPI

Electricity

55%

Reliability score

Connectivity

moderate

53% internet access

Investment Score Breakdown

Economic Health (30%)32

Political Safety (25%)42

Business Climate (20%)28

Financial Strength (15%)18

Growth Potential (10%)48

Key Sectors

Mining (Gold)

10% of GDP

growing

Cocoa

5% of GDP

stable

Energy (Oil)

4% of GDP

growing

Technology

2% of GDP

growing

Should I Invest in Ghana?

CautionSetup: DifficultROI: Moderate

Ghana scores 30/100 on the NationsData Investment Index, rated "Caution". Growth is subdued at 2.8%. Business setup takes approximately 40 days with a corporate tax rate of 25%.

Investment Score30/100

GDP Growth2.8%

Inflation23%

FDI/GDP2.2%

Public Debt88%

Political Stability0.0

Corporate Tax25%

Ease of Business#118

Strengths

+100% foreign ownership allowed - no local partner required

Risks

-Moderate political risk - monitor regulatory changes closely
-High inflation (23%) - erodes margins and purchasing power
-Elevated public debt (88% of GDP)
-Very slow contract enforcement (710 days) - use arbitration clauses

Best For

Labor-intensive manufacturing

Also Consider

Congo

Same region, similar income level

Nigeria

Same region, similar income level

Mauritania

Same region, similar income level, faster growth (4.5%)

Angola

Same region, similar income level

Countries Similar to Ghana

Based on investment profile, economic size, growth rate, and region

🇦🇴

Angola

Similar risk level · Similar income level

94% match

🇳🇬

Nigeria

Similar investment profile · Similar risk level

93% match

🇨🇬

Congo

Similar risk level · Similar income level

92% match

🇰🇪

Kenya

Similar investment profile · Similar risk level

91% match

🇲🇷

Mauritania

Similar investment profile · Similar risk level

91% match

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