Ghana

Republic of Ghana

English Ghanaian Cedi (GHS) English common law
AU, ECOWAS, AfCFTA, Commonwealth, WTO
Ghana is West Africa's second-largest economy and one of the continent's most stable democracies. The economy is driven by gold mining (Africa's largest producer), cocoa production (world's second-largest), and offshore oil and gas from the Jubilee and TEN fields.

Accra has emerged as a growing tech hub with an expanding startup ecosystem. Ghana hosts the AfCFTA Secretariat, positioning it at the center of continental trade integration. The country completed a $3 billion domestic debt exchange in 2023 and is implementing an IMF-supported program ($3 billion ECF).

Key strengths include a free press, regular democratic transitions, an English-speaking workforce, and improving digital infrastructure. Challenges include post-debt-restructuring fiscal constraints, high inflation, and currency depreciation.

Snapshot

Population~35.1 MWorld Bank WDI
GDP (current USD)$112.0 BIMF WEO
GDP per Capita$2,450IMF WEO
GDP Growth4.70%IMF WEO
Inflation (y/y)~23.10%Central Bank / IMF
Policy Rate (Policy Rate (MPR))29.00%Central Bank
Unemployment14.70%ILO / National Stats
Internet Use~68.20%World Bank WDI
Electrification~86.00%World Bank WDI
CPI Score (Rank)43.0/100 (#72)Transparency Intl
HDI (Rank)0.632 (#142)UNDP HDR
Credit RatingSD (S&P) / Caa2 (Moody's) / RD (Fitch)S&P / Moody's / Fitch
MarketGhana Stock Exchange (GSE)

Focus Sectors

Mining (gold)
Oil & Gas
Cocoa & Agriculture
Financial Services
ICT
Manufacturing
Construction
Tourism
Energy
Retail

Trade

Top Export Partners (2023)

Switzerland
22%
India
13%
China
10%
UAE
8%
South Africa
7%

Top Export Goods

GoldCrude petroleumCocoa beansCocoa pasteManganese ore

Top Import Partners (2023)

China
18%
United States
7%
India
6%
United Kingdom
5%
Netherlands
4%

Top Import Goods

Refined petroleumVehiclesMachineryRicePlastics

Regulations & Taxes

Corporate Income Tax25% (15% for manufacturing, 1% for listed companies discount)
VAT / Sales Tax15% standard (includes NHIL, GETFund, and COVID levy)
Withholding Tax8% dividends, 8% interest, 15% royalties (non-residents)

Talent

Median Age21.4 yrsUN Population
Adult Literacy79.00%World Bank UIS
Youth (<25)57.00%
LanguagesEnglish

Resources

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Data Notes: Population, GDP, and GDP per capita are latest IMF WEO / World Bank estimates. Inflation is year-over-year. Trade data from UN Comtrade/OEC (2023). Tax rates from PwC/KPMG country guides. CPI from Transparency International. HDI from UNDP Human Development Report.
Narrative last updated: April 8, 2026.