Find Economic Development expertise in Ghana

The national GDP in Ghana grew on average 6.5% pa between 2006 and 2010. In 2010, net flows of foreign direct investment (FDI) accounted for 8% of GDP. Ghana is ranked 73rd out of 142 countries in terms of the degree to which FDI brings in new technology, according to the World Economic Forum’s ‘Global Competitiveness Report 2011-2012’. Its score of 4.6 is equal to the world’s average which means FDI is a relatively good source of new technology. Ghana is ranked 46th out of 142 countries in terms of the manner in which government rules encourage FDI. The country’s score is above the world mean, reflecting the nature of rules in Ghana that more strongly encourage FDI than discourage.

The long term development strategy for Ghana’s economic development is laid out in the 2020 vision report produced in 1996. Its aim is to increase Ghana’s socio-economic standard to a middle-income country level by 2020. The discovery of offshore oil in 2007 and stable political environment have become important foundations for this vision. However, the IMF has said that Ghana must attract more private investment if it is to successfully develop and transform its economy. 

Economic Development Agencies organisations in Ghana
African Connections
Divestiture Implementation Committee
Ghana Export Promotion Council
Ghana Investment Promotion Centre
Ghana Investors' Advisory Council
Ghana National Procurement Agency
Ghana Stock Exchange
Tema Development Corporation
The African Center for Economic Transformation (ACET)