orn, shea nuts, bananas;
timber

Industries:

mining, lumbering, light manufacturing, aluminum smelting, food
processing, cement, small commercial ship building

Industrial production growth rate:

7.8% (2007 est.)

Electricity - production:

8.204 billion kWh (2006 est.)

Electricity - consumption:

6.76 billion kWh (2006 est.)

Electricity - exports:

755 million kWh (2006 est.)

Electricity - imports:

629 million kWh (2006 est.)

Electricity - production by source:

fossil fuel: 5%
hydro: 95%
nuclear: 0%
other: 0% (2001)

Oil - production:

7,571 bbl/day (2007 est.)

Oil - consumption:

49,300 bbl/day (2006 est.)

Oil - exports:

5,709 bbl/day (2005)

Oil - imports:

45,520 bbl/day (2005)

Oil - proved reserves:

15 million bbl (1 January 2008 est.)

Natural gas - production:

0 cu m (2007 est.)

Natural gas - consumption:

0 cu m (2007 est.)

Natural gas - exports:

0 cu m (2007 est.)

Natural gas - imports:

0 cu m (2007 est.)

Natural gas - proved reserves:

22.65 billion cu m (1 January 2008 est.)

Current account balance:

-$1.549 billion (2007 est.)

Exports:

$4.162 billion f.o.b. (2007 est.)

Exports - commodities:

gold, cocoa, timber, tuna, bauxite, aluminum, manganese ore,
diamonds, horticulture

Exports - partners:

Netherlands 11%, UK 9%, France 6.2%, US 5.9%, Germany 4.6%, Belgium
4.4% (2007)

Imports:

$8.053 billion f.o.b. (2007 est.)

Imports - commodities:

capital equipment, petroleum, foodstuffs

Imports - partners:

Nigeria 15.1%, China 14.9%, UK 5.2%, US 5.1% (2007)

Economic aid - recipient:

$1.316 billion in loans and grants (2007)

Reserves of foreign exchange and gold:

$2.204 billion (31 December 2007 est.)

Debt - external:

$4.891 billion (31 December 2007 est.)

Stock of direct foreign investment - at home:

$NA

Stock of direct foreign investment - abroad:

$NA

Market value of publicly traded shares:

$13.01 billion (2007)

Currency (code):

Ghana cedi (GHC)

Currency code:

GHC

Exchange rates:

cedis (GHC) per US dollar - 0.95 (2007), 9,174.8 (2006), 9,072.5
(2005), 9,004.6 (2004), 8,677.4 (2003)
note: in 2007 Ghana revalued its currency with 10,000 old cedis
equal to 1 new cedis

Communications
Ghana

Telephones - main lines in use:

376,500 (2007)

Telephones - mobile cellular:

7.604 million