Statistics

GHANA STATISTICS 2000 to 2015

POPULATION
Ghana’s population grew from 19 million people in 2000 to 26 million at the end of 2014, with an average annual growth of 4.6%.

GROSS DOMESTIC PRODUCT (GDP)
Ghana’s GDP grew since 2000 from slightly over 10 billion US Dollar to almost 50 Billion US Dollar in 2014, with an average annual growth of almost 6%.

GDP PER CAPITA
Ghana’s GDP per capita almost doubled since 2000 from 450 US Dollar to 800 US Dollar in 2014, making Ghana a lower middle income country since 2012.

UNEMPLOYMENT RATE
The official un-employment rate in Ghana stands around 12 – 13% since 2000, although employment rate is lowered by jobs in the informal sector, this number is largely believed to be much higher.

EXPORTS
Exports from Ghana have increased from around 600 million US Dollar in 2000 to around 3.5 billion US Dollars by the end of 2014.

IMPORTS
Ghana’s imports put great pressure on its trade balance. Ghana imported about 500 million US Dollars and has risen to over 4 billion US Dollar annually.

TAX RATES
Company tax rates have dropped since 2006 from 30% to 25% and stayed stable for the past 9 years at that percentage.

Income tax rates has been stable over the last 15 years and start from 0% to a maximum of 25% for every private person with an income (roughly) over 10,000 US Dollar.

INTEREST RATES
Interest rates have fallen from 2000 of over 45% to 22% by the end of 2014, with lows in 2008 and 2012 of around 13%.

FOREIGN EXCHANGE RESERVES
Coming from almost zero reserves in 2000 the foreign exchange reserves grew to 1.8 billion US Dollars in 2008, since then good progress was made to almost 5 billion US Dollars by the end of 2014.