Ghana Economy - 1986

GEOGRAPHICAL NAMES 

GNP: $10.5 billion (1982 est.); real growth rate —7.2% (1982 est.)

Natural resources: gold, timber, industrial diamonds, bauxite, manganese, fish

Agriculture: main crop-—cocoa, others include root crops, corn, sorghum, millet, coffee, peanuts; not self-sufficient but can become so

Fishing: catch 241,000 metric tons (1982)

Major industries: mining, lumbering, light manufacturing, fishing, aluminum

Electric power: 1,200,000 kW capacity (1985); 2.628 billion kWh produced (1985), 200 kWh per capita

Exports-$856.9 million (f.o.b., 1982); cocoa (about 60%), wood, gold, diamonds, manganese, bauxite, aluminum (aluminum regularly excluded from balance-of-payments data)

Imports- $668.7 million (f.o.b., 1982); textiles and other manufactured goods, food, fuels, transport equipment

Major trade partners: UK, EC, US

Budget: revenues, $1.8 billion; expenditures and net lending, $3.5 billion (1981 /82)

Monetary conversion rate: 50 cedis= US$1 (December 1984)

Fiscal year: calendar year

NOTE: The information regarding Ghana on this page is re-published from the 1986 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Ghana 1986 information contained here. All suggestions for corrections of any errors about Ghana 1986 should be addressed to the CIA or the source cited on each page.