BiHub: Why Ghana?
Country Profile
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AUS & GHN
Delve into the bilateral trade relationship, and see how it could assist you.
Doing Business in GHN
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ABOUT GHANA:
Ghana is one of Africa’s leading economies and has made impressive progress in human development. A stable democratic government has allowed the West African state to capitalize upon its considerable gold deposits, oil & reserves, and cocoa agriculture leading to robust and sustainable economic growth. An expanding middle class has increased domestic demand for high quality products leading to Ghana’s potential as a leading export destination in Africa. Although economic growth has been hindered by the effects of COVID-19, the increased demand for Ghanaian exports as the global economy recovers will serve to underpin Ghana’s national recovery strategy.
Capital: Accra
Currency: Ghanain Cedi (GHC)
Population: 29.3 million (July 2020 est.)
Population Growth: 2.15% (2020 est.)
Language: Asante Twi 16%, English 14% (official), Fante 11.6%, Boron (Brong) 4.9%, Dagomba 4.4%, Dangme 4.2%, Dagarte (Dagaba) 3.9%, Kokomba 3.5%, Akyem 3.2%, Ga 3.1%, other 31.2% (2010 est.)
Government Type: Presidential republic
Economic Overview: Market-based economy with relatively few policy barriers to trade and investment in comparison with other countries in the region. Ghana consistently ranks in the top three countries in Africa for freedom of speech and press freedom, with strong broadcast media, with radio being the medium with the greatest reach. Factors such as these provide Ghana with solid social capital.
Access & Logistics: Ghana is bordered with Cote d'Ivoire to its west, Burkina Faso to its north, and Togo to its east. The country is connected to the Atlantic Ocean at the country’s south, with the capital city Accra located by the Gulf of Guinea. The Tema port located 30km from Accra acts as the country’s largest sea freight terminal, and Kotoka International Airport (ACC) is the main point of entry for air freight. The government of Ghana has made revamping the country’s railway network a priority and established the Ministry of Railway Development to execute this mandate, the master plan involves connecting hub cities and areas of resource extraction to facilitate trade.
Embassy Contact Details:
GHANAIAN HIGH COMMISSION IN AUSTRALIA:
Telephone: +61 02 6290 2110
Email: consular@ghanahighcom.org.au
