Economy

Ghana Economy 2012
In just the past few years, Ghana’s economy has undergone major transformations and has been shaped by a number of encouraging trends, including a rising per capita income, increased capital spending, higher commodities prices and an improved government fiscus. The economy grew by 14.4% in real terms in 2011, the highest rate of growth recorded worldwide that year. Much of this was due to the start of oil production, though non-oil growth remained strong, at 8%. The IMF has forecast growth in 2012 to occur at a rate of 8.8%. Ghana was the third-largest recipient of foreign direct investment in Africa in 2011, receiving $3.2bn. This chapter contains interviews with Kwabena Duffuor, Minister of Finance and Economic Planning; George Aboagye, CEO, Ghana Investment Promotion Centre; Jim O’Neill, Chairman, Goldman Sachs Asset Management; and Kofi Amoah, Owner, PVI Holdings, and Board Member, SIC Insurance Company.
Cover of The Report Ghana 2012

The Report

This chapter is from the Ghana 2012 report. Explore other chapters from this report.

Interviews & Viewpoints

Sketch of Kwabena Duffuor, Minister of Finance and Economic Planning
OBG talks to Kwabena Duffuor, Minister of Finance and Economic Planning