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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, 2025
GDP (current USD)$114.2 BWorld Bank, 2025
GDP per Capita$3,257World Bank, 2025
GDP Growth5.95%World Bank, 2025
Inflation (y/y)~14.20%World Bank, 2025
Policy Rate (MPR)29.00%Central Bank
Unemployment2.98%World Bank, ILO modelled estimate, 2025
Internet Use~72.18%World Bank, 2024
Electrification~86.00%World Bank WDI
CPI Score (Rank)43.0/100 (#72)Transparency Intl
HDI (Rank)0.632 (#142)UNDP HDR
Credit RatingS&P: B- (Stable), Sep 2026Moody's: B3 (Stable), 9 Oct 2026Fitch: B (Positive), 8 May 2026Long term foreign currency, checked 6 Nov 2026
MarketGhana Stock Exchange (GSE)

World Bank Indicators Compare with another country

GDP (current USD)$114.2 BWorld Bank, 2025
GDP growth (annual)5.95%World Bank, 2025
GDP per capita (USD)$3,257World Bank, 2025
Population, total35.1 MWorld Bank, 2025
FDI net inflows (USD)$1.9 BWorld Bank, 2025
Inflation (consumer prices)14.20%World Bank, 2025
Unemployment (% labour force)2.98%World Bank, 2025
Internet use (% of people)72.18%World Bank, 2024
Trade (% of GDP)68.97%World Bank, 2024

Climate Readiness Full ranking

66out of 100
Established
Climate adaptation readiness for Ghana, from 5 of 5 measured indicators.
Energy access8686.0% · 30% weight
Governance readiness4343 / 100 CPI · 20% weight
Human readiness630.632 HDI · 20% weight
Economic readiness60$3,257, 2025 · 15% weight
Digital readiness6868.2% · 15% weight
This scores climate adaptation readiness (adaptive capacity), following the readiness dimension of the ND-GAIN framework, from five measured indicators scaled 0 to 100. It does not measure emissions or physical climate vulnerability. Energy access is the most climate-specific of the five; the others cover governance, the economy, human development and digital readiness. The economic sub-score is relative to the African countries we cover.
How this is computed

Adaptive capacity to absorb climate finance and adapt, following the readiness dimension of the ND-GAIN framework, from measured indicators only. It is not a measure of emissions or physical climate vulnerability.

  • Energy access (30%): World Bank, access to electricity (% of population). The single most climate and energy specific signal held: SDG 7 and the clean-energy transition.
  • Governance readiness (20%): Transparency International, Corruption Perceptions Index (0-100). ND-GAIN governance readiness: the capacity to govern and deploy climate finance. Higher is cleaner.
  • Human readiness (20%): UNDP, Human Development Index (0-1). ND-GAIN social readiness: the adaptive capacity of the population.
  • Economic readiness (15%): World Bank, GDP per capita (current US$), latest measured year. ND-GAIN economic readiness: the capacity to finance adaptation. Scored relative to the covered set.
  • Digital readiness (15%): World Bank, individuals using the Internet (% of population). Information systems for early warning and adaptation.

A country is scored only when at least 4 of the five indicators are held. Sub-scores are weighted and renormalised over the indicators that are present; nothing is estimated for one that is absent.

Country Facts

CapitalAccra
RegionWest Africa
CurrencyGhanaian Cedi (GHS)
FX RegimeManaged float
Stock ExchangeGhana Stock Exchange (GSE)
Investment Promotion AgencyGhana Investment Promotion Centre (GIPC)
Legal SystemEnglish common law
Time ZoneAfrica/Accra

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

Finance & Capital Markets

CurrencyGhanaian Cedi (GHS)
Policy Rate (MPR)29.00%
FX regimeManaged float
ExchangeGhana Stock Exchange (GSE)

Major Banks

GCB BankCommercial
Ecobank GhanaCommercial
Stanbic GhanaCommercial
Absa GhanaCommercial
CalBankCommercial

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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