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Company Profile

Ghana

Ghana, officially the Republic of Ghana, is a country in West Africa. It is bordered by Ivory Coast to the west, Burkina Faso to the north, Togo to the east and the Gulf of Guinea to the south. The word Ghana means "Warrior King" and is derived from the ancient Ghana Empire.

Ghana has a population of about 24 million people and is currently inhabited by 52 ethnic groups. Ghana has not seen the kind of ethnic conflict that has created civil wars in many other African countries. The official language is English; however, most Ghanaians also speak at least one local language.

The flag of Ghana, consisting of the colours red, gold, green, and the black star, became the new flag in 1957. Designed by Theodosia Salome Okoh, the red represents the blood that was shed towards independence, the gold represents the mineral wealth of Ghana, the green symbolises the rich agriculture, and the black star is the symbol of African emancipation. Formed from the merger of the Gold Coast and British (formerly German) Togoland by a United Nations-sponsored plebiscite in 1956, Ghana became the first sub-Saharan African country to gain its independence in 1957.

The economy of Ghana, Africa, has a diverse and rich resource base, and as such, has one of the highest GDP per capita in Africa. Ghana is one of the top–ten fastest growing economies in the world, and the fastest growing economy in Africa.Ghana has a population of about 24 million people and  is currently inhabited by 52 ethnic groups. Ghana has not seen the kind of ethnic conflict that has created civil wars in many other African countries. The official language is English; however, most Ghanaians also speak at least one local language.

Exports

Ghana has more than twice the per capita output of the poorer countries in West Africa.The Mining industry of Ghana accounts for 5% of the country's GDP and minerals make up 37% of total exports, of which gold contributes over 90% of the total mineral exports. Thus, the main focus of Ghana's mining and minerals development industry remains focused on gold. Ghana is Africa's 2nd largest gold producer, producing 3.2 million ounces approx  in 20012. Ghana is also a major producer of bauxite, manganese and diamonds. The country has 23 large-scale mining companies producing gold, diamonds, bauxite and manganese, and, there are also over 300 registered small scale mining groups and 90 mine support service companies.

Other mineral commodities produced in the country are natural gas, petroleum, salt, and silver.

Ghana's economy depends largely on exports of cocoa and gold. Ghana remains one of the world's top gold producers. Other exports such as cocoa, crude oil, natural gas, timber, electricity, diamond, bauxite, and manganese are major sources of foreign exchange, even though Ghana continues to experience electricity and gas shortages, and remains a developing nation after 55 years of independence from British rule.

Stability

Ghana, unlike many of its neighbouring nations in West Africa, has enjoyed relative political stability since the J.J Rawlings government of 1992. In comparison to nations such as the Côte d’Ivoire on its western border, and other North African countries which participated in the 2010 ‘Arab Spring’, Ghana is political privileged. Considering the general stereotype of African political turmoil.

Political parties became legal in mid-1992 after a ten-year hiatus. There are many political parties under the Fourth Republic; the major ones are the National Democratic Congress which won presidential and parliamentary elections in 1992, 1996, 2008 and 2012; the New Patriotic Party, the major opposition party which won elections in 2000 and 2004; the People's National Convention, and the Convention People's Party, successor to Kwame Nkrumah's original party of the same name.

A well-administered country by regional standards, Ghana is often seen as a model for political and economic reform in Africa.


Ghana future development

In our opinion we believe Ghana to be perfectly geographically placed to flourish in International trade via air and sea in agriculture and mineral resources in the years to come. We also believe that Ghana is politically stable and peaceful which will inturn attract further foreign investment in multiple sectors which will help Ghana fulfil its vast potential of becoming a economic powerhouse not only in Africa, but the world.