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ECONOMY
With its abundant natural resource wealth,
Ghana has about two times the per capita output of the poorer countries
in West Africa. This has however not stopped it from seeking
international financial and technical assistance on which it continues
to thrive. Foreign exchange comes into the country through the exports
of gold, cocoa and timber. The domestic economy is dominated by
agricultural production that makes up for 36% of GDP and employs 60% of
the work force, which consists of small landholders. Ghana sought debt
relief under the Heavily Indebted Poor Country (HIPC) program in
2002.The country slipped into fiscal problems as a result of radical
economic policies introduced before the 2000 elections, which led to
rising inflation figures in the following year. The growth was further
stunted owing to a depression in the cocoa market and weak progress in
non-traditional exports.
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Capital: Accra
Area: 238 537 km²
Population: 17 832 000
Currency: 1 US$ = 2290 Cedi
GDP: 156/1 051$
HDI : 132/475
Languages: English, Ewe, Gaadanghe, Akan, Dagbandi, Mamprussi, Ga,
Twi
Ethnic groups: Ashanti (center), Fanti (coast) , Nzima & Ahanta
(southwest), Ga (Accra), Moshi-Dogamba & Gompa (north)
Religions: Christian 60%, Animist 20 %, Muslim 20% |
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