the IMF. On the minus side,
public sector wage increases and regional peacekeeping commitments
have led to continued inflationary deficit financing, depreciation
of the cedi, and rising public discontent with Ghana's austerity
measures. Political uncertainty and a depressed cocoa market led to
disappointing growth in 2000. A rebound in the cocoa market should
push growth over 4% in 2001-02.

GDP: purchasing power parity - $37.4 billion (2000 est.)

GDP - real growth rate: 3% (2000 est.)

GDP - per capita: purchasing power parity - $1,900 (2000 est.)

GDP - composition by sector: agriculture: 36%

industry: 25%

services: 39% (2000 est.)

Population below poverty line: 31.4% (1992 est.)

Household income or consumption by percentage share: lowest 10%:
3.6%

highest 10%: 26.1% (1997)

Inflation rate (consumer prices): 22.8% (2000 est.)

Labor force: 9 million (2000 est.)

Labor force - by occupation: agriculture 60%, industry 15%, services
25% (1999 est.)

Unemployment rate: 20% (1997 est.)

Budget: revenues: $1.39 billion

expenditures: $1.47 billion, including capital expenditures of $370
million (1996 est.)

Industries: mining, lumbering, light manufacturing, aluminum
smelting, food processing

Industrial production growth rate: 4.2% (1996 est.)

Electricity - production: 5.466 billion kWh (1999)

Electricity - production by source: fossil fuel: 26.82%

hydro: 73.18%

nuclear: 0%

other: 0% (1999)

Electricity - consumption: 5.573 billion kWh (1999)

Electricity - exports: 400 million kWh (1999)

Electricity - imports: 890 million kWh (1999)

Agriculture - products: cocoa, rice, coffee, cassava (tapioca),
peanuts, corn, shea nuts, bananas; timber

Exports: $1.6 billion (f.o.b., 2000)

Exports - commodities: gold, cocoa, timber, tuna, bauxite, aluminum,
manganese ore, diamonds

Exports - partners: Togo, UK, Italy, Netherlands, Germany, US,
France (1998)

Imports: $2.2 billion (f.o.b., 2000)

Imports - commodities: capital equipment, petroleum, foodstuffs

Imports - partners: UK, Nigeria, US, Germany, Italy, Spain (1998)

Debt - external: $7 billion (1999 est.)

Economic aid - recipient: $477.3 million (1995)

Currency: cedi (GHC)

Currency code: GHC

Exchange rates: cedis per US dollar - 6,895.77 (January 2001),
5,321.68 (2000), 2,647.32 (1999), 2,314.15 (1998), 2,050.17 (1997),
1,637.23 (1996)

Fiscal year: calendar year

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