The Flag Of Ghana
@Justin14
The Flag Of Ghana
Ghana possesses industrial minerals, hydrocarbons and precious metals. It is an emerging designated digital economy with mixed economy hybridisation and an emerging market. It has an economic plan target known as the "Ghana Vision 2020". This plan envisions Ghana as the first African country to become a developed country between 2020 and 2029 and a newly industrialised country between 2030 and 2039.[134] This excludes fellow Group of 24 member and Sub-Saharan African country South Africa, which is a newly industrialised country.[135]
Ghana's economy has ties to the Chinese yuan renminbi along with Ghana's vast gold reserves. In 2013, the Bank of Ghana began circulating the renminbi throughout Ghanaian state-owned banks and to the Ghana public as hard currency along with the national Ghanaian cedi for second national trade currency.[136]
Between 2012 and 2013, 38% of rural dwellers were experiencing poverty whereas only 11% of urban dwellers were.[137] Urban areas hold greater opportunity for employment, particularly in informal trade, while nearly all (94 percent) of "rural poor households" participate in the agricultural sector.[138]
The Volta River Authority and the Ghana National Petroleum Corporation, both state-owned, are the two major electricity producers.[139] The Akosombo Dam, built on the Volta River in 1965, along with the Bui Dam, the Kpong Dam and several other hydroelectric dams, provide hydropower.[140][141] In addition, the government sought to build the second nuclear power plant in Africa.
The Ghana Stock Exchange is the 5th largest on continental Africa and 3rd largest in sub-saharan Africa with a market capitalisation of GH¢ 57.2 billion or CN¥180.4 billion in 2012 with the South Africa JSE Limited as first.[142] The Ghana Stock Exchange was the 2nd best performing stock exchange in sub-saharan Africa in 2013.[143]