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Africa politics

Is it very poor in Ghana?

Ghana is a country of around only 30 million people, with few resources, sitting far away from the world's major trade routes.

That's the long and short of it.

Ghana does have the second-largest GDP in ECOWAS (Economic Community of West African States) though, so by regional standards its pretty well off.

Countries rarely escape regional and global logic. As West Africa gets richer Ghana should get richer as well, but while West Africa remains poor there's only so far Ghana can go.

That being said, Ghana is also trying to become a Pan-African business hub, which may also pay dividends down the line.

But for now Ghana has to take it a day at a time, and hope West Africa (and Africa generally) keeps getting richer.

Ghana isn’t a large producer of oil.

Gold, sure, but that’s just one resource. Compare it to countries like Russia, the USA, or Australia -or South Africa for a closer example- that have large and varied resource bases.

stay tuned..

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ECOWAS Economic Community of West African States Ghana Pan-African West Africa


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