Situated on the Gulf of Guinea in West Africa, Ghana’s natural resource wealth and status as a stable democracy have helped make it a prominent player in the region. It is the world’s second-largest exporter of cocoa, behind Côte d’Ivoire, and one of the continent’s largest gold producers. Recently discovered reserves of oil and gas have powered the economy to double-digit growth in the past decade.
A new $918m deal with the IMF should alleviate some of Ghana’s fiscal pressures and help restore investor confidence ahead of a critical bond issue, but further reforms will be needed to balance the budget.
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GOVERNMENT MINISTRIES Ministry of Finance (0 302) 747 197 Ministry of Trade & Industry (0 302) 686 500 Ministry of Foreign Affairs & Regional Integration (0 302) 664 952 Ministry of Communications (0 302) 666 465 Ministry of Energy (0 302) 667 090 Ministry of Education (0 302) 662 772 Ministry of Health (0 302) 978 158...
Travel tips for Ghana
Although room for fiscal manoeuvring has shrunk in Ghana in recent months, the government’s subsequent efforts to tighten spending and boost revenues is being welcomed by investors and lenders.
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