ation: ACP, AfDB, C, CCC, ECA,
ECOWAS, FAO, G-24, G-77, IAEA, IBRD, ICAO, ICFTU, ICRM, IDA, IFAD,
IFC, IFRCS, ILO, IMF, IMO, Inmarsat, Intelsat, Interpol, IOC, IOM
(observer), ISO, ITU, MINURSO, NAM, OAU, UN, UNCTAD, UNESCO, UNIDO,
UNIFIL, UNIKOM, UNMIBH, UNMOP, UNPREDEP, UNTAES, UNU, UPU, WCL, WFTU,
WHO, WIPO, WMO, WToO, WTrO

Diplomatic representation in the US:
chief of mission: Ambassador Designate Harry SAWYERS
chancery: 3512 International Drive NW, Washington, DC 20008
telephone: [1] (202) 686-4520
FAX : [1] (202) 686-4527
consulate(s) general: New York

Diplomatic representation from the US:
chief of mission: Ambassador Edward BRYNN
embassy: Ring Road East, East of Danquah Circle, Accra
mailing address: P. O. Box 194, Accra
telephone: [233] (21) 775348
FAX: [233] (21) 775747

Flag description: three equal horizontal bands of red (top), yellow,
and green with a large black five-pointed star centered in the yellow
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

Economy

Economy - overview: Well endowed with natural resources, Ghana has
twice the per capita output of the poorer countries in West Africa.
Even so, Ghana remains heavily dependent on international financial
and technical assistance. Ghana has made steady progress in
liberalizing its economy since 1983. Overall growth continued at a
rate of approximately 5% in 1995 and 1996, 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 almost half of GDP and
employs 55% of the work force, mainly small landholders. In 1995-96,
Ghana has made mixed progress under a three-year structural adjustment
program in cooperation with the IMF. On the minus side, public sector
wage increases, regional peacekeeping commitments, and the containment
of internal unrest in the underdeveloped north have led to continued
inflationary deficit financing, depreciation of the cedi, and rising
public discontent with Ghana's austerity program.

GDP: purchasing power parity - $27 billion (1996 est.)

GDP - real growth rate: 5% (1996 est.)

GDP - per capita: purchasing power parity - $1,530 (1996 est.)

GDP - composition by sector:
agriculture : 46%
industry: 16%
services: 38% (1995 est.)

Inflation rate - consumer price index: 36% (1996 est.)