Ghana, formally the Republic of Ghana, is a sovereign unitarypresidential constitutional democracy in West Africa, located along the Gulf of Guinea and the Atlantic Ocean. Ghana has a land mass of 238,535 km2 and is bounded in the west by the Ivory Coast, in the north by Burkina Faso, in the east by Togo, and in the south by the Gulf of Guinea and the Atlantic Ocean. In the Soninke language, the title Ghana means “Warrior King.”
Ghana’s land has been inhabited for millennia, with the earliest stable state going back to the 11th century. Over the ages, several kingdoms and empires arose, the most powerful of which was the Kingdom of Ashanti. Several European countries battled the area for commercial rights beginning in the 15th century, with the British eventually securing control of the coast by the late 19th century. Following almost a century of local opposition, Ghana’s present borders were established as the British Gold Coast by the 1900s. It was the first Sub-Saharan African country to proclaim independence from European colonial rule in 1957.
Ghana is a cosmopolitan country with a population of over 27 million people from many ethnic, linguistic, and religious groupings. Traditional faiths are practiced by 5% of the population, Christianity by 71.2 percent, and Islam by 17.6 percent. Its topography and ecology are varied, ranging from coastal savannahs to tropical rainforests. Ghana is a democratic country with a president who serves as both the head of state and the head of government. Following a quarter-century of relative stability and excellent governance, Ghana’s economy is one of the strongest and most diverse in Africa. Ghana’s rising economic success and democratic political system have elevated it to the status of West African regional power. It is a member of the Non-Aligned Movement, the African Union, the Economic Community of West African States (ECOWAS), the Group of 24 (G24), and the Commonwealth of Nations.
Ghana’s population is mostly made up of Black Africans, accounting for 98 percent of the country’s population. Ghana is a nation with several ethnic groups. The Ashanti people are the biggest ethnic group. Until the 10th century BC, Ghana’s geographical territory within West Africa was empty and uninhabited by people. By the tenth century, Long before the arrival of other tribes, the Guans were the first to settle in Ghana. In the 16th century, the (Akans) founded Bonoman (Brong Ahafo area) and were joined by the present settlers and residents.
Ghana’s resident population was 71.2 percent Christian in 2010. (28.3 percent are Pentecostal, 18.4 percent Protestant, 13.1 percent Catholic and 11.4 percent other). Ghana’s Muslim population was estimated to be 17.6% of the total population (51 percent Sunni, 16 percent Ahmadiyya, and 8 percent Shia).
As of 2014, there were 375,000 legal skilled workers (permanent residents) and foreign workers/students (i.e. Ghana Card holders) living in the country, with 1.5 million airport layovers each year. Ghana had a population of 6.7 million people in its first post-colonial census in 1960. Ghanaians are 30 years old on average, with an average household size of 3.6 people. The official language of Ghana, according to the government, is English, which is spoken by 67.1 percent of the country’s population.
The population was 24.2 million in 2010. The Ashanti Region had the most (Akan) (Ashanti) (Akan) (Ashanti) (Akan) (Ashanti) (Akan) (A (4.7 million in Ashanti, 2.3 million in Brong-Ahafo, 2.2 million in Central, 2.6 million in Eastern, 2.3 million in Western, and 4 million in the seat of government in Greater Accra geographically and legally part of Eastern then administered separately on 23 July 1982). The Dagbani lands, often known as the Kingdom of Dagbon, had a population of 4.1 million people as of 2010. (2.4 million in Northern, 1 million in Upper East, and 0.7 million in Upper West).
In 2010, the Ewe territory Volta had a population of 2.1 million people.
Ghana has a mild climate since it is situated on the Gulf of Guinea, just a few degrees north of the Equator. Ghana has a total area of 238,535 km2 (92,099 sq mi) and has a 560 km (350 mile) Atlantic coastline on the Gulf of Guinea in the Atlantic Ocean to the south. The Prime Meridian runs through Ghana, particularly via the industrial port town of Tema, between latitudes 4° and 12°N and longitudes 4°W and 2°E. Even though the notional center, (0°, 0°), is situated in the Atlantic Ocean about 614 km (382 mi) off the south-east coast of Ghana in the Gulf of Guinea, Ghana is physically closer to the “centre” of the Earth than any other nation in the world.
Grasslands and south coastal shrublands and forests dominate Ghana, with forest extending 320 kilometers (200 miles) northward and 270 kilometers (170 miles) eastward from the south-west coast of Ghana on the Gulf of Guinea in the Atlantic Ocean, with the Kingdom of Ashanti or the southern part of Ghana being a primary location for mining of industrial minerals and timbre.
On the south Atlantic Ocean coast of Ghana, there are lowlands, waterfalls, low hills, rivers, Lake Volta, the world’s biggest manmade lake, Dodi Island, and Bobowasi Island. Pulmakong is located in Ghana’s northernmost region, while Cape Three Points is located in Ghana’s southernmost region.
The rainy and dry seasons are the two major seasons of Ghana. The rainy season in northern Ghana lasts from March to November, whereas the season in the south, which includes the capital Accra, lasts from April to November.
Ghana’s economy Vision 2020 logo: From 2020 to 2029, Ghana will become a developed nation, and then from 2030 to 2039, it will become a newly industrialized country.
Ghana is a nation with a fair amount of natural resources, including industrial minerals, hydrocarbons, and precious metals. It is a digital economy in transition with mixed economy hybridization, as well as a rising market with 8.7% GDP growth in 2012. The “Ghana Vision 2020” is the country’s economic plan’s goal. Ghana would become the first African nation to become developed between 2020 and 2029, and a newly industrialised country between 2030 and 2039, according to this proposal. South Africa, a member of the Group of 24 and a nation in Sub-Saharan Africa, is not included since it is a recently industrialized country. Ghana’s economy is closely linked to the Chinese yuan renminbi, as well as the country’s enormous gold reserves. The Bank of Ghana started circulating the renminbi as hard money in Ghanaian state-owned institutions and to the general public in 2013, alongside the Ghana cedi as the second national trade currency.
The two main power generators are the state-owned Volta River Authority and Ghana National Petroleum Corporation. Hydropower is generated by the Akosombo Dam, which was constructed on the Volta River in 1965, as well as Bui Dam, Kpong Dam, and many smaller hydroelectric dams. Furthermore, Ghana’s government has planned to construct Africa’s second nuclear power facility.
The Ghana Stock Exchange (Ghana Stock Exchange) is Africa’s fifth biggest stock exchange, and the third largest in Sub-Saharan Africa, with a market capitalization of GH 57.2 billion (CN 180.4 billion) in 2012, behind only the South African JSE Limited. In 2013, the Ghana Stock Market (GSE) was Sub-Saharan Africa’s second best performing stock exchange.
Ghana also produces high-quality cocoa, is the world’s second-biggest cocoa producer, and is expected to overtake Brazil as the world’s largest cocoa producer in 2015.
Ghana is a nation with a medium income status. Manufacturing (24.1 percent), extractive sectors (5 percent), and taxes account for the remaining 50% of GDP (20.9 percent ).
Ghana’s economy is a developing digital-based mixed economy hybrid, similar to Taiwan’s, with increasing primary manufacturing and exportation of digital technology goods, as well as assembling and exporting automobiles and ships, a diverse resource-rich exportation of industrial minerals, agricultural products primarily cocoa, petroleum and natural gas, and industries such as information and communications technology.
Petroleum and natural gas production
Ghana has a plethora of hydrocarbons, such as sweet crude oil and natural gas, which it produces and sells. Ghana Oil Company (GOIL), Ghana’s 100 percent state-owned filling station, is the country’s number one petroleum and gas filling station, while Ghana National Petroleum Corporation (GNPC), Ghana’s 100 percent state-owned state oil company, manages hydrocarbon exploration and production of the country’s entire petroleum and natural gas reserves, with Ghana aiming to increase oil output to 200,000 barrels per day.
Among the numerous offshore and inland oilfields in Ghana, the Jubilee Oilfield, which holds up to 3 billion barrels (480,000,000 m3) of sweet crude oil, was found in 2007. Ghana is thought to contain petroleum reserves ranging from 5 billion barrels (790,000,000 m3) to 7 billion barrels (1.1109 m3), making it Africa’s fifth biggest and the world’s 21st to 25th largest proven reserves. It also contains natural gas reserves of up to 1.71011 cubic meters (61012 cubic feet), making it Africa’s sixth biggest and the world’s 49th largest natural gas proven reserves. Exploration for oil and gas off Ghana’s eastern coast in the Gulf of Guinea is still going on, and the quantity of crude oil and natural gas found is growing. Ghana’s government has devised plans to nationalize the country’s entire petroleum and natural gas reserves in order to boost government income.
Industrial minerals mining
Ghana, known for its industrial minerals, is the world’s 7th biggest producer of gold, with over 102 metric tons produced in 2012, and the world’s 10th largest producer of gold, with 89 metric tons produced in 2012. Ghana is Africa’s recognized 2nd greatest producer of gold, after South Africa. Ghana has the world’s 9th biggest diamond deposits and is the world’s 9th largest producer of diamonds, whereas Brazil has the world’s 10th largest diamond reserves and is the world’s 10th major producer of diamonds. South Ghana has a large deposit of barites, basalts, clays, dolomites, granites, gravels, gypsums, iron ores, kaolins; laterites; limestones; magnesites; marbles; micas; phosphates; phosphorus; rocks; salts; sands; sandstones; silver; slates; talcs; and uranium that has yet to be discovered. Ghana’s government has devised plans to nationalize the country’s entire mining sector in order to boost government income.