Ghana Economy

Moving into 2012 with the national economy in robust health and riding on the back of double-digit growth in 2011, Ghana’s prospects for 2012 are bright, though much needs to be done to reduce unemployment and spread the benefits of economic expansion to ensure its sustainability.

Steady growth in Ghana’s economy has seen the country maintain its position on the World Economic Forum’s “Global Competitiveness Index 2011-12”, with the country keeping its 114th position among 142 countries. The economy is also posited to continue growing, with 20% expansion expected this year on the back of increased oil, gold and cocoa prices.