Diplomatic representation in US: chief of mission: Ambassador Ekwow SPIO-GARBRAH chancery: 3512 International Drive NW, Washington, DC 20008 telephone: [1] (202) 686-4520 FAX: [1] (202) 686-4527 consulate(s) general: New York
US diplomatic representation:
chief of mission: Ambassador Kenneth L. BROWN (scheduled to leave in
June 1995)
embassy: Ring Road East, East of Danquah Circle, Accra
mailing address: P. O. Box 194, Accra
telephone: [233] (21) 775348, 775349, 775297, 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: Well endowed with natural resources, Ghana is relatively well off, having twice the per capita output of the poorer countries in West Africa. Heavily reliant on international assistance, Ghana has made steady progress in liberalizing its economy since 1983. Overall growth continued at a rate of approximately 5% in 1994, due largely to increased gold, timber, and cocoa production - major sources of foreign exchange. The economy, however, continues to revolve around subsistence agriculture, which accounts for 45% of GDP and employs 55% of the work force, mainly small landholders. Public sector wage increases, regional peacekeeping commitments, and the containment of internal unrest in the underdeveloped north have placed substantial demands on the government's budget and have led to inflationary deficit financing and a 27% depreciation of the cedi in 1994.
National product: GDP - purchasing power parity - $22.6 billion (1994 est.)
National product real growth rate: 5% (1994 est.)
National product per capita: $1,310 (1994 est.)
Inflation rate (consumer prices): 25% (1993 est.)
Unemployment rate: 10% (1991)