Ghana Black Wall Street For DJ HotChocolate

Ghana

BLACK WALL STREET

Even though Ghana boasts of one of the highly skilled workforces in the sub-region, successive governments still rely on foreign countries to undertake strategic infrastructural projects in the country, including the very basic projects like housebuilding.




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The economy of Ghana was listed as The World's Fastest Growing Economy in 2011 in economic research led by Economy Watch with data coming from the IMF's tracker of GDP Growth in constant prices in the national currency (not converted to US dollars), with an economic growth predicted to be about 20% in 2011.[12] Other countries have competing claims to be the fastest growing economy.[32][33][34]

Ghana is a Middle Income Economy.[35] Well endowed with natural resources, Ghana has more than twice the per capita output of the poorer countries in West Africa. Known for its gold in colonial times, Ghana remains one of the world's top gold producers. Other exports such as cocoa, oil, timber, electricity, diamond, bauxite,[36] and manganese are major sources of foreign exchange.

An oilfield which is reported to contain up to 3 billion barrels (480,000,000 m3) of light oil was discovered in 2007.[37] Oil exploration is ongoing, and the amount of oil continues to increase.[38] There is expected to be a tremendous inflow of capital into the economy beginning from the first quarter of 2011 when the country starts producing oil in commercial quantities. The oil is expected to account for 6% of the revenue for 2011.[39] The Akosombo Dam, which was built on the Volta River in 1965 provides hydro-electricity for Ghana and its neighbouring countries.

Ghana’s labour force in 2008 totalled 11.5 million people.[40] The economy continues to rely heavily on agriculture which accounts for 37.3% of GDP and provides employment for 56% of the work force,[40] mainly small landholders. Manufacturing is only a small part of the Ghanaian economy totalling 7.9% of Gross Domestic Product in 2007.[41] Even though Ghana boasts of one of the highly skilled workforces in the sub-region, successive governments still rely on foreign countries to undertake strategic infrastructural projects in the country, including the very basic projects like housebuilding.


The crime rate in Ghana is very low compared to industrialized countries.The rate of larceny for 2000 was 0.08 for Ghana, 1401.26 for Japan, and 2475.27 for USA.For robbery, the rate in 2000 was 2.15 for Ghana, 4.08 for Japan, and 144.92 for USA.

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