I Another mahama rule for another
term ? Oh no , Oh God help us to remove this bad government
I Another mahama rule for another
term ? Oh no , Oh God help us to remove this bad government
Papa 8 years ago
I will continue to be a floating voter with a passion: This year the password is #MAHAMA MUST GO
I will continue to be a floating voter with a passion: This year the password is #MAHAMA MUST GO
Kofi 8 years ago
It is all reciprocal....Akufo Addo,Never Ever!
It is all reciprocal....Akufo Addo,Never Ever!
Anunagi 8 years ago
hahahaa over our dead bodies will nana addo become president in ghana
hahahaa over our dead bodies will nana addo become president in ghana
Non 8 years ago
Go and give these basic facts to Akufo Addo before he starts telling us that Ghana is bigger than Ivory Coast in terms of Landmass.Only bogus Addo has access to 2015 data not even US have got their own 2015 data ready.
... read full comment
Go and give these basic facts to Akufo Addo before he starts telling us that Ghana is bigger than Ivory Coast in terms of Landmass.Only bogus Addo has access to 2015 data not even US have got their own 2015 data ready.
Economy
Ghana Cote d'Ivoire
Economy - overview Ghana's economy has been strengthened by a quarter century of relatively sound management, a competitive business environment, and sustained reductions in poverty levels. In late 2010, Ghana was recategorized as a lower middle-income country. 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 producing close to target levels. Additional oil projects are being developed and are expected to come on line in a few years. Estimated oil reserves have jumped to almost 700 million barrels and Ghana’s growing oil industry is expected to boost economic growth as the country faces the consequences of two years of loose fiscal policy, high budget and current account deficits, and a depreciating currency. President MAHAMA faces challenges in managing a population that is unhappy with living standards and that perceives they are not reaping the benefits of oil production because of political corruption. Cote d'Ivoire is heavily dependent on agriculture and related activities, which engage roughly two-thirds of the population. Cote d'Ivoire is the world's largest producer and exporter of cocoa beans and a significant producer and exporter of coffee and palm oil. Consequently, the economy is highly sensitive to fluctuations in international prices for these products and in climatic conditions. Cocoa, oil, and coffee are the country's top export revenue earners, but the country is also producing gold. The country also produces oil and boasted two offshore oil finds in 2012. Since the end of the civil war in 2003, political turmoil has continued to damage the economy, resulting in the loss of foreign investment and slow economic growth. In June 2012, the IMF and the World Bank announced $4.4 billion in debt relief for Cote d'Ivoire under the Highly Indebted Poor Countries Initiative. Cote d'Ivoire's long-term challenges include political instability and degrading infrastructure.
GDP (purchasing power parity) $90.41 billion (2013 est.)
$83.79 billion (2012 est.)
$77.64 billion (2011 est.)
note: data are in 2013 US dollars $43.67 billion (2013 est.)
$40.43 billion (2012 est.)
$36.84 billion (2011 est.)
note: data are in 2013 US dollars
GDP - real growth rate 7.9% (2013 est.)
7.9% (2012 est.)
15% (2011 est.) 8% (2013 est.)
9.8% (2012 est.)
-4.7% (2011 est.)
GDP - per capita (PPP) $3,500 (2013 est.)
$3,400 (2012 est.)
$3,200 (2011 est.)
note: data are in 2013 US dollars $1,800 (2013 est.)
$1,700 (2012 est.)
$1,600 (2011 est.)
note: data are in 2013 US dollars
GDP - composition by sector agriculture: 21.5%
industry: 28.7%
services: 49.8% (2013 est.) agriculture: 26.3%
industry: 21.3%
services: 52.4% (2013 est.)
Population below poverty line 28.5% (2007 est.) 42% (2006 est.)
Household income or consumption by percentage share lowest 10%: 2%
highest 10%: 32.8% (2006) lowest 10%: 2.2%
highest 10%: 31.8% (2008)
Inflation rate (consumer prices) 11% (2013 est.)
9.2% (2012 est.) 2.9% (2013 est.)
1.3% (2012 est.)
Labor force 12.07 million (2013 est.) 7.928 million (2013 est.)
Labor force - by occupation agriculture: 56%
industry: 15%
services: 29% (2005 est.) agriculture: 68%
industry and services: NA% (2007 est.)
Unemployment rate 11% (2000 est.) NA%
Distribution of family income - Gini index 39.4 (2005-06)
40.7 (1999) 41.5 (2008)
36.7 (1995)
Budget revenues: $10.56 billion
expenditures: $14.87 billion (2013 est.) revenues: $5.7 billion
expenditures: $6.665 billion (2013 est.)
Industries mining, lumbering, light manufacturing, aluminum smelting, food processing, cement, small commercial ship building, petroleum foodstuffs, beverages; wood products, oil refining, gold mining, truck and bus assembly, textiles, fertilizer, building materials, electricity
Industrial production growth rate 10.5% (2013 est.) 7% (2013 est.)
Agriculture - products cocoa, rice, cassava (manioc, tapioca), peanuts, corn, shea nuts, bananas; timber coffee, cocoa beans, bananas, palm kernels, corn, rice, cassava (manioc, tapioca), sweet potatoes, sugar, cotton, rubber; timber
Exports $13.37 billion (2013 est.)
$13.54 billion (2012 est.) $12.96 billion (2013 est.)
$12.53 billion (2012 est.)
Exports - commodities oil, gold, cocoa, timber, tuna, bauxite, aluminum, manganese ore, diamonds, horticultural products cocoa, coffee, timber, petroleum, cotton, bananas, pineapples, palm oil, fish
Exports - partners France 13.6%, Italy 12.4%, Netherlands 8.9%, China 7.4%, Germany 4.3% (2012) Netherlands 8.8%, US 8.1%, Nigeria 8%, Germany 7.5%, France 4.5%, Canada 4.2% (2012)
Imports $18.49 billion (2013 est.)
$17.76 billion (2012 est.) $9.859 billion (2013 est.)
$8.973 billion (2012 est.)
Imports - commodities capital equipment, refined petroleum, foodstuffs fuel, capital equipment, foodstuffs
Imports - partners China 25.6%, Nigeria 11%, US 7%, Netherlands 6.2%, Singapore 4.5%, UK 4.1%, India 4% (2012) Nigeria 25%, France 11%, China 7.2% (2012)
Debt - external $14.68 billion (31 December 2013 est.)
$12.64 billion (31 December 2012 est.) $8.959 billion (31 December 2013 est.)
$8.096 billion (31 December 2012 est.)
Exchange rates cedis (GHC) per US dollar -
2.018 (2013 est.)
1.796 (2012 est.)
1.431 (2010 est.)
1.409 (2009)
1.1 (2008) Communaute Financiere Africaine francs (XOF) per US dollar -
504.6 (2013 est.)
510.29 (2012 est.)
495.28 (2010 est.)
472.19 (2009)
447.81 (2008)
Fiscal year calendar year calendar year
Public debt 53.1% of GDP (2013 est.)
50% of GDP (2012 est.) 45.2% of GDP (2013 est.)
47.8% of GDP (2012 est.)
Reserves of foreign exchange and gold $6.016 billion (31 December 2013 est.)
$5.705 billion (31 December 2012 est.) $4.085 billion (31 December 2013 est.)
$3.928 billion (31 December 2012 est.)
Current Account Balance -$5.149 billion (2013 est.)
-$4.778 billion (2012 est.) -$623 million (2013 est.)
-$266.5 million (2012 est.)
GDP (official exchange rate) $45.55 billion (2013 est.) $28.28 billion (2013 est.)
Stock of direct foreign investment - at home $NA $NA
Stock of direct foreign investment - abroad $NA $NA
Market value of publicly traded shares $3.465 billion (31 December 2012 est.)
$3.097 billion (31 December 2011)
$3.531 billion (31 December 2010 est.) $7.829 billion (31 December 2012 est.)
$NA (31 December 2011)
$7.099 billion (31 December 2010 est.)
Central bank discount rate 18% (31 December 2009)
17% (31 December 2008) 4.25% (31 December 2010 est.)
4.25% (31 December 2009 est.)
Commercial bank prime lending rate 27% (31 December 2013 est.)
22.8% (31 December 2012 est.) 3.8% (31 December 2013 est.)
4% (31 December 2012 est.)
Stock of domestic credit $13.31 billion (31 December 2013 est.)
$12.56 billion (31 December 2012 est.) $7.953 billion (31 December 2013 est.)
$6.918 billion (31 December 2012 est.)
Stock of narrow money $6.256 billion (31 December 2013 est.)
$6.153 billion (31 December 2012 est.) $7.606 billion (31 December 2013 est.)
$6.552 billion (31 December 2012 est.)
Stock of broad money $12.59 billion (31 December 2013 est.)
$12.17 billion (31 December 2012 est.) $11.46 billion (31 December 2013 est.)
$9.877 billion (31 December 2012 est.)
Taxes and other revenues 23.2% of GDP (2013 est.) 20.2% of GDP (2013 est.)
Budget surplus (+) or deficit (-) -9.5% of GDP (2013 est.) -3.4% of GDP (2013 est.)
GDP - composition, by end use household consumption: 64.2%
government consumption: 14.2%
investment in fixed capital: 31.7%
investment in inventories: 0.7%
exports of goods and services: 50.2%
imports of goods and services: -61%
(2013 est.) household consumption: 79.1%
government consumption: 9.1%
investment in fixed capital: 12.7%
investment in inventories: 0%
exports of goods and services: 53.2%
imports of goods and services: -54.1%
(2013 est.)
Source: CIA Factbook
Azindoo 8 years ago
Superior, you just succeeded in enumerating problems affecting us as a people. Failing spectacularly to give us concreate steps to get us out this quagmire, in the most unlikely episode that your candidate wins. Talk is cheap ... read full comment
Superior, you just succeeded in enumerating problems affecting us as a people. Failing spectacularly to give us concreate steps to get us out this quagmire, in the most unlikely episode that your candidate wins. Talk is cheap, I'm sure your JHS chap knows that. As Chaka Sali, puts it aptly, "they talk. the talk. and when it is time to walk the talk, they walk away".
Nokware_ Asa 8 years ago
By default; more along the line of thinking made popular
by people like Bishop Dag Heward-Mills!
I am afraid not, particularly given the demonstration of a lack of ability, on the part of the pretenders to the throne, to "f ... read full comment
By default; more along the line of thinking made popular
by people like Bishop Dag Heward-Mills!
I am afraid not, particularly given the demonstration of a lack of ability, on the part of the pretenders to the throne, to "fix" some of the problems confronting this nation.
Our friend Musa Superior can be forgiven, because he still believes the good people of this country, can be had on the cheap. But I`m afraid, he is wrong again!!!!
Shakespeare 8 years ago
Now what you have succeeded in telling the so-called floating voters is that,because Nana Addo is in NPP and for that matter in opposition,vote for him and his clique because all you enumerated concerns them and that they mus ... read full comment
Now what you have succeeded in telling the so-called floating voters is that,because Nana Addo is in NPP and for that matter in opposition,vote for him and his clique because all you enumerated concerns them and that they must necessarily vote for a change without known solutions.
That easy.Who doesn't know about what you enumerated and even more that you failed to mention?Proffer solutions to each of the problems you mentioned the Nana Addo way for your readers to decipher.Talk really is cheap,even Nana Addo himself only says you should vote him to change this and that without telling how.I don't begrudge you,why should i?
I have been trying for the past almost 11yrs without success to become your president,vote for me because i need to fulfill my lifelong dream.That's the solution?
Come again!
Nii Addo 8 years ago
You now remind me of the NPP promising to extend railway lines to the northern region. What happened to that promise during their eight years in power?
Please be honest,did Ghanaians ever experienced your so called [Dumsor ... read full comment
You now remind me of the NPP promising to extend railway lines to the northern region. What happened to that promise during their eight years in power?
Please be honest,did Ghanaians ever experienced your so called [Dumsor] during the NPP'S time in power?
I Another mahama rule for another
term ? Oh no , Oh God help us to remove this bad government
I will continue to be a floating voter with a passion: This year the password is #MAHAMA MUST GO
It is all reciprocal....Akufo Addo,Never Ever!
hahahaa over our dead bodies will nana addo become president in ghana
Go and give these basic facts to Akufo Addo before he starts telling us that Ghana is bigger than Ivory Coast in terms of Landmass.Only bogus Addo has access to 2015 data not even US have got their own 2015 data ready.
...
read full comment
Superior, you just succeeded in enumerating problems affecting us as a people. Failing spectacularly to give us concreate steps to get us out this quagmire, in the most unlikely episode that your candidate wins. Talk is cheap ...
read full comment
By default; more along the line of thinking made popular
by people like Bishop Dag Heward-Mills!
I am afraid not, particularly given the demonstration of a lack of ability, on the part of the pretenders to the throne, to "f ...
read full comment
Now what you have succeeded in telling the so-called floating voters is that,because Nana Addo is in NPP and for that matter in opposition,vote for him and his clique because all you enumerated concerns them and that they mus ...
read full comment
You now remind me of the NPP promising to extend railway lines to the northern region. What happened to that promise during their eight years in power?
Please be honest,did Ghanaians ever experienced your so called [Dumsor ...
read full comment