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Life in Africa and Ghana. By Prof. Dr. Emmanuel Boon. AFRICA. 2 nd Largest continent (30 million km 2 ) 2 nd most populated continent (almost 15% of world population Large natural resource base. THE AFRICA OF THE PAST. Most undeveloped continent in the world:

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Life in Africa and Ghana

By Prof. Dr. Emmanuel Boon


Africa
AFRICA

  • 2nd Largest continent (30 million km2)

  • 2nd most populated continent (almost

    15% of world population

  • Large natural resource base


THE AFRICA OF THE PAST

Most undeveloped continent in the world:

  • Years of slave trade and colonialism

  • War and bad governance

  • Mismanagement of Natural Resources

  • AIDS

Dark Continent


A CONTINENT ON THE RISE

  • Increasingly democratic

  • The rate of return on foreign investment

    is higher than in any other region.

  • Telcom, banking, retailing and construction are flourishing.

  • Africa’s collective GDP, at $1.6 trillion in 2008, is roughly equal to Brazil’s or Russia’s


Ghana
GHANA

  • Political independence in 1957

  • Founding member of the OAU and ECOWAS,

    member of UN and other int’l bodies

  • Land size of almost 240,000 km2

  • Geographically closer to the "centre" of the world than any other country.

  • Trade with Europe (Portuguese) began in the

  • 15th century

  • 1874 - British established the Gold CoastCrown colony.


Political situation
Political situation

  • Ghana is divided into 10 administrative regions, subdivided into a total of 170 districts

  • Legal system based on British common law, customary (traditional) law, and the 1992 constitution

  • Placed 118 among countries on the 2011 Failed States Index

  • Constitutional Democracy (4th Republic)

  • Two major political parties

1992, 1996 2008

2004, 2008


CULTURAL DYNAMICS

  • Ghana is an ethnically diverse country comprising over 60 ethnic groups

  • 52 major languages and hundreds of dialects are spoken in Ghana, official language is English

  • Major religions are Christianity, Islam and Traditional African Religion

  • The celebration of festivals in Ghana is an essential part of Ghanaian culture.

  • PANAFEST (an international festival held very summer celebrating African roots)


Education and human resource development
Education and Human Resource Development

  • Ghana has a population of about 24 million

  • Population Growth Rate 2.4% per annum

  • The adult literacy rate in Ghana was 65% in 2007

  • (males-71.7%), (females-58.3%)

  • Ghana's spending on education has varied between 28-40% of its annual budget in

  • the past decade.

  • With 83% of its children in school, Ghana currently has one of the highest school enrollment rates in West Africa.


State of the economy
State of the Economy

  • Ghana’s Labour force is 11.5 million people

  • The World's Fastest Growing Economy in 2011 (Banker Magazine, July 2011; Economy Watch, Aug. 2011)

    Source: Ghana Statistical Service, IMF The FPSO Kwame Nkrumah

  • Now a lower Middle Income Economy endowed with natural resources

  • Major oil discovery off the coast of Ghana in 2007 has led to significant

  • international commercial interest in Ghana

  • Oil is expected to account for 6% of the revenue for 2011


Food and hunger
Food and Hunger

  • Agriculture is the backbone of the Ghanaian economy

  • Principal Agricultural exports Cocoa, Timber, etc     

  • The sector grew at 2.8% in 2011 compared to a target of 5.3%

  • Country on target to meet MDG 1

  • Agriculture accounts for 33.7% of GDP and provides employment for 56% of the work force

AGRICULTURAL SUBSECTORS BY GDP (%)


Trade and Globalization

  • Member of WTO since 1 January 1995

Commodity Exports

Source: WTO

Commodity Imports



Environmental situation
ENVIRONMENTAL SITUATION Handles 80% of the nation’s import and export cargo

  • Climate: tropical; warm and comparatively dry along southeast coast; hot and humid in southwest; hot and dry in north

  • There are two main seasons in Ghana: the wet and the dry seasons.

  • Natural hazards: dry, dusty, northeastern harmattan winds occur from January to March

  • Lake Volta, the world's largest artificial lake, extends through large portions of eastern Ghana and is the main source of many rivers


Environmental challenges
ENVIRONMENTAL CHALLENGES Handles 80% of the nation’s import and export cargo

  • Recurrent drought in the north severely affects agricultural activities

  • Deforestation; overgrazing; soil erosion; poaching and habitat destruction

  • Water pollution; inadequate supplies of potable water

  • Environmental disasters caused by annual floods


Conclusion
CONCLUSION Handles 80% of the nation’s import and export cargo

  • Africa is a continent on the rise

  • Democracy is gaining roots and good governance taking shape

  • Ghana faces challenges in consolidating the gains made over the last two decades

  • Investor confidence in Ghana has grown significantly

  • Investment opportunities abound in investor friendly climates such as Ghana.


THANK YOU FOR YOUR ATTENTION Handles 80% of the nation’s import and export cargo

MEDAASE!!

Merci !!!


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