Formed from the merger of the British colony of the Gold Coast and the Togoland trust territory, Ghana in 1957 became the first sub-Saharan country in colonial Africa to gain its independence.
Ghana endured a long series of coups before Lt. Jerry RAWLINGS took power in 1981 and banned political parties.
After approving a new constitution and restoring multiparty politics in 1992, RAWLINGS won presidential elections in 1992 and 1996 but was constitutionally prevented from running for a third term in 2000. John KUFUOR succeeded him and was reelected in 2004.
John Atta MILLS took over as head of state in early 2009.
Ghana Economy
Ghana's economy has been strengthened by a quarter century of relatively sound management, a competitive business environment, and sustained reductions in poverty levels.
Ghana is well endowed with natural resources and agriculture accounts for roughly one-quarter of GDP and employs more than half of the workforce, mainly small landholders.
The services sector accounts for 50% of GDP. Gold and cocoa production and individual remittances are major sources of foreign exchange. Oil production at Ghana's offshore Jubilee field began in mid-December, 2010, and is expected to boost economic growth.
President MILLS faces challenges in managing new oil revenue while maintaining fiscal discipline and resisting debt accumulation. Estimated oil reserves have jumped to almost 700 million barrels.
Ghana signed a Millennium Challenge Corporation (MCC) Compact in 2006, which aims to assist in transforming Ghana's agricultural sector. Ghana opted for debt relief under the Heavily Indebted Poor Country (HIPC) program in 2002, and is also benefiting from the Multilateral Debt Relief Initiative that took effect in 2006.
In 2009 Ghana signed a three-year Poverty Reduction and Growth Facility with the IMF to improve macroeconomic stability, private sector competitiveness, human resource development, and good governance and civic responsibility. Sound macro-economic management along with high prices for gold and cocoa helped sustain GDP growth in 2008-11.
Source: CIA
Invest in Ghana
Published in July 2012, KPMGs 'Doing Business in Ghana' report presents a succinct guide for investors coming into the country, and a glimpse of Ghana for the local entrepreneur and our international clients.
So Why invest in Ghana?
The government is committed to implementing policies that reduce the general cost of doing business in Ghana and to promote investor confidence in the country.
With a stable multi-party government that is committed to market liberalization, Ghana has been ranked as one of the most attractive locations for doing business in Africa
Brought to you by GG Agriculture
+Growth Green Agriculture Plc is a UK based agricultural investments company specialising in emerging markets offering unique opportunities to invest in Ghana. GGAgriculture acts as consultant on green and socially responsible investments to the private and institutional investor community in Europe.
Green Crop Farming Ghana Limited has been retained as farming operator in Ghana ("Ghana Farming Operator") to cultivate, maintain, harvest, dry, transport and sell the crop.
It was established in June 2012 and has commenced the farming of chia crops on its Ghana Farming Land. This Ghana Farming Operator is owned as to 20% by local management and as to 80% by Invest in Ghana A/S, a Danish company in which Andre Rafnsson, a director of the Company, is director and 19% shareholder.
Invest in Ghana A/S has invested in excess of US$400,000 in the establishment of the farming operations of the Ghana Farming Operator.The Ghana Farming Operator has entered into a contract with a US company to purchase the production of chia on its land for 2012 and 2013.
For more information about lucrative opportunities to invest in Ghana visit GG Agriculture
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