1. Today’s Ghana and Its Economy Helsinki 07.09.2011 Kiasma Dr. JS AnnanDeputy Minister of Trade & Industry
2. Presentation Summary Introduction Historical Links between Ghana and Finland Why Ghana? Economic Outlook Ghana as a Gateway to Africa Synergies Ghana Investment Seminar – Helsinki 2011
11. “Africa is starting to be viewed as a viable business and investment destination” Ghana Investment Seminar – Helsinki 2011
12. Why Ghana? People State and Government Independence: March 6, 1957. Previously a British colony Form of government: Constitutional democracy Head of State: President elected every 4 years, two-term maximum. Currently Atta Mills, elected in 2010 Population: 23 million Life expectancy: Men 57 years, women 59 years Languages: English (official), Akan, Moshi-Dagomba, Ewe and Ga International Trade Economy Main exports: gold, cocoa, rice, coffee, cassava, peanuts, shea nuts, bananas, timber, oil (Togo, UK, Italy, Netherlands, Germany, US, France) Main imports: capital equipment, petroleum, food stuffs (UK, Nigeria, US, Germany, Italy, Spain) Agriculturally based economy with growing services sector Key features: Gold, timber, cocoa, oil are major sources of foreign exchange GDP per capita: $1,900 (2000) Currency unit: Cedi Ghana Investment Seminar – Helsinki 2011