Ghana is ranked a Lower Middle Income Economy by the World Bank and is predicted to be one of the most promising economies in the sub-Saharan region despite its recent slump. The Ghana Stock Exchange (GSE) is the third-largest stock exchange in Africa after Johannesburg and Nigeria while British Airways ranked Ghana on its Hot List 2015 for countries to visit.
Ghana’s wealth of resources, democratic political system and transparent regulatory system in respect to private ownership and investment makes it undoubtedly one of Africa’s leading lights. Gaining the world’s confidence with a peaceful political transition in 2016 and a grounded and firm commitment to democracy has helped to drive growth in foreign direct investment (FDI) in recent years.
Key sectors that contribute to Ghana’s GDP are agriculture (~30%); industry (~20%); services (~50%). Its main industries are oil, mining, lumbering, light manufacturing, aluminium smelting, food processing, cement, small commercial ship building.
The Ghana Investment Promotion Centre (GIPC) was adjudged the Best Investment Promotion Agency (IPA) in West and Central Africa for 2015 at the Annual Investment Meeting (AIM) Awards in Dubai.
During the global financial crisis, when most countries did not show good growth levels due to the global economic downturn, Ghana had an unprecedented economic growth rate of 7.3%. GDP grew by ~4% in 2017.