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Ghana

A model of democracy in West Africa

Ghana is a model country of democracy in Africa. It has held democratic elections since 1992; changes in government generally go smoothly and demonstrate the country's democratic strength. The republic previously referred to as the "Gold Coast" due to its natural resources is a political and economic pacesetter in West Africa. Per-capita economic output has been on the rise for years, and the share of the population living below the poverty line has fallen from 52 % at the beginning of the nineties to now less than 30 %. Ghana's economy is heavily dependent on the export of raw materials, making it susceptible to fluctuations on the global market. Therefore the new government of President Akufo-Addo strives for an increased domestic value creation, whereas the private sector is to play a key role. Regarding the present macroeconomic challenges the Ghanaian government continues to work closely with the International Monetary Fund.

Map of Ghana with its capital Accra

Further information

Transparency Portal

Learn more about our projects in Ghana and their results.

Read more

Contact

KfW Office Accra

Director KfW Office: Philip Graf von Schwerin

German Development Cooperation House

No. 7 Volta Street

P.O. Box 9698

K.I.A Airport Residential Area

Accra

Ghana

Phone

+23 33 02 76 39 42

Fax

+233 302 76 39 41

eMail

KfW.Accra@kfw.de