rties and leaders: none; political parties outlawed
after 31 December 1981 coup
_#_Suffrage: none
_#_Elections: none
_#_Communists: a small number of Communists and sympathizers
_#_Member of: ACP, AfDB, C, CCC, ECA, ECOWAS, FAO, G-24, G-77, GATT,
IAEA, IBRD, ICAO, IDA, IFAD, IFC, ILO, IMF, IMO, INTELSAT, INTERPOL,
IOC, IOM (observer), ISO, ITU, LORCS, NAM, OAU, UN, UNCTAD,
UNESCO, UNIDO, UNIFIL, UNIIMOG, UPU, WCL, WHO, WIPO, WMO, WTO
_#_Diplomatic representation: Ambassador Dr. Joseph ABBEY; Chancery at
2460 16th Street NW, Washington DC 20009; telephone (202) 462-0761;
there is a Ghanaian Consulate General in New York;
US--Ambassador Raymond C. EWING; Embassy at Ring Road East, East of
Danquah Circle, Accra (mailing address is P. O. Box 194, Accra);
telephone [233] (21) 775347 through 775349
_#_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
_*_Economy
_#_Overview: Supported by substantial international assistance, Ghana
has been implementing a steady economic rebuilding program since 1983,
including moves toward privatization and relaxation of government
controls. Heavily dependent on cocoa, gold, and timber exports,
economic growth is threatened by a poor cocoa harvest and higher oil
prices in 1991. Rising inflation--unofficially estimated at 50%--could
undermine Ghana's relationships with multilateral lenders. Civil service
wage increases and the cost of peacekeeping forces sent to Liberia are
boosting government expenditures and undercutting structural adjustment
reforms. Ghana opened a stock exchange in 1990.
_#_GNP: $5.8 billion, per capita $380; real growth rate 2.7% (1990
est.)
_#_Inflation rate (consumer prices): 50% (1990 est.)
_#_Unemployment rate: 1.9% (1989)
_#_Budget: revenues $821 million; expenditures $782 million, including
capital expenditures of $151 million (1990 est.)
_#_Exports: $826 million (f.o.b., 1990 est.);
commodities--cocoa 45%, gold, timber, tuna, bauxite, and aluminum;
partners--US 23%, UK, other EC
_#_Imports: $1.2 billion (c.i.f., 1990 est.);
commodities--petroleum 16%, consumer goods, foods, intermediate
goods, capital equipment;
partners--US 10%, UK, FRG, France, Japan, South Korea, GDR
_#_External deb
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