Invest in Ghana
Ghana is located on the west coast of Africa, about 750 km north of the equator. It is bounded on the north by Burkina Faso, on the west by La Cote D'lvoire, on the east by Togo and on the south by the Gulf of Guinea (Atlantic Ocean). Tema, the industrial city, which is adjunct to Accra, the capital city of Ghana, is on the Greenwich Meridian (zero line of longitude), making Ghana the closest landmark to the centre of the world.
Resources
Rich mineral resources such as gold, diamonds, manganese, limestone, bauxite, iron ore as well as various clays and granite deposits. In 2008, Ghana produced 2,994,610 ounces of gold and 599,007 carats of diamond and it is also the second largest producer of gold in Africa. Extensive forests, which are arguably the best managed in West Africa (with 252 permanent forest reserves in the rain forest zone alone. In total about 11% of Ghana is defined as forest.). Ghana is the second largest producer of cocoa in the world. It is also the third largest producer of timber and the second largest exporter of wood and wood products in Africa.
Infrastructure
Due to the key successes achieved under the implementation of the Ghana Poverty Reduction Strategy I (GPRS I), especially in the areas of reducing poverty from 39% to 28.5% during the period 2003 to 2005, and the attainment of relative economic stability in the economy, a successor national development policy framework, GPRS II, has been formulated to be carried out between 2006 to 2009 to focus on policies and programmes that will bring about growth of the economy and support wealth creation and poverty reduction. In the specific context of improving the level of infrastructure in the country, the goal is to facilitate both intra regional trade and to open up rural areas for investment, productivity enhancement and job creation, introduce/deepen competition and create an enabling environment for the private sector to spearhead the country’s development in the following areas:
- Information and communication technology
- Energy
- Transportation
- Accommodation
- Education
- Health
- Tourism