By dint of its history, Ghana has long had strong social, political and economic ties to both the US and UK, and to a lesser extent other Western European countries. Ghana is also an active member within the UN and has routinely served on UN peacekeeping missions. Closer to home Ghana is beginning to strengthen ties with its larger neighbour, Nigeria. The US and UK have long been among Ghana’s...
Africa Economy
Displaying 235 - 240 of 310
Chapter | Country Profile from The Report: Ghana 2014
Ghana has developed a reputation as a robust and stable democracy, and with a storied legacy of pan-African initiatives it has long punched above its weight diplomatically. While the recent oil boom following the discovery of the offshore Jubilee field in 2007 has helped to fuel GDP growth as much as 14% over recent years, it is now projected to slow to a more modest 4.5% in 2014.
This section includes information on hotels, government and other listings, alongside useful tips for visitors on topics like currency, visas, language, communications, dress, business hours and electricity.
Classified by the World Bank as an upper-middle income country, Gabon enjoys an average per capita income – estimated at €8950 in 2013 – that is far higher than the sub-Saharan Africa developing country average of €1212.
Oil revenues have sustained the economy, accounting for 56% of total government revenues and 80% of total exports by value, according to US Energy Information...
Chapter | Country Profile from The Report: Gabon 2014
Gabon is located on the Gulf of Guinea, surrounded by low- and lower-middle income neighbours. However, the country’s sizable oil resources and limited population have positioned it as one of six upper-middle income countries in sub-Saharan Africa.
Gabon has the second-largest economy in the sub-region. GDP at purchasing power parity reached $29.38bn in 2012, behind Cameroon ($55....
With just 1.63m people, Gabon is the second-smallest member of the six-country Central African Economic and Monetary Community in terms of population, after Equatorial Guinea. However, the country’s well-developed hydrocarbons sector has made Gabon the second-largest economy in the sub-region.