AfDB, C, CCC, ECA, ECOWAS, FAO, G-24, G-77, GATT, IAEA, IBRD,
ICAO, ICFTU, IDA, IFAD, IFC, ILO, IMF, IMO, INTELSAT, INTERPOL, IOC,
IOM (observer), ISO, ITU, LORCS, MINURSO, NAM, OAU, UN, UNCTAD,
UNESCO, UNIDO, UNIFIL, UNIKOM, UNPROFOR, UNTAC, UPU, WCL, WHO, WIPO,
WMO, WTO
Diplomatic representation in US:
chief of mission:
Ambassador Ekwow SPIO-GARBRAH
chancery:
3512 International Drive NW, Washington, DC 20008
telephone:
(202) 686-4520
FAX:
(202) 686-4527
consulate(s) general:
New York
US diplomatic representation:
chief of mission:
Ambassador Kenneth L. BROWN
embassy:
Ring Road East, East of Danquah Circle, Accra
mailing address:
P. O. Box 194, Accra
telephone:
[233] (21) 775348, 775349, 775297 or 775298
FAX:
[233] (21) 776008
Flag:
three equal horizontal bands of red (top), yellow, and green with a
large black five-pointed star centered in the gold band; uses the
popular pan-African colors of Ethiopia; similar to the flag of
Bolivia, which has a coat of arms centered in the yellow band

@Ghana, Economy

Overview:
Supported by substantial international assistance, Ghana has been
implementing a steady economic rebuilding program since 1983,
including moves toward privatization and relaxation of government
controls. The agriculture sector consists largely of small traditional
farm holdings, rain-fed for the most part. Heavily dependent on cocoa,
gold, and timber exports, economic growth so far has not spread
substantially to other areas of the economy. The costs of sending
peacekeeping forces to Liberia and preparing for the transition to a
democratic government have boosted government expenditures and
undercut structural adjustment reforms. Ghana opened a stock exchange
in 1990 and plans to float 5% of its stake in Ashanti Goldfields
Corporation, which would make the exchange the largest in sub-Saharan
Africa outside of South Africa.
National product:
GDP - purchasing power equivalent - $25 billion (1993 est.)
National product real growth rate:
3.9% (1992 est.)
National product per capita:
$1,500 (1993 est.)
Inflation rate (consumer prices):
10% (1992)
Unemployment rate:
10% (1991)
Budget:
revenues:
$1 billion
expenditures:
$905 million, including capital expenditures of $200 million (1991
est.)
Exports:
$1 billion (f.o.b., 1992)
commodities:
cocoa 40%, gold, timber, tuna, bauxite, and aluminum
partners: