₦airaland Forum

Well, I know some people would think or say what I'm about to suggest is absurd. But I will still spit it out. I know many peopel won't believe what these soldiers are saying. I know how northern Nigeria is. Islam and spiritualism(Jazz) are inter related. Muslims go to mallams for solutions to serious problems like healing, money, ability to control husbands or find a husband, money or financial breakthrough, charms to disappear etc to more frivolous ones like passing exams and winning a girls heart. If Christians can wipe off the arrogance and dilusion from their eyes and go back to what our ancestor handed over to us for survival, then solution will come. President Jonathan should secretly summon all well known indigenous and effective spiritualists to help in spotting out each and every member of Boko Haram. When this is tried, I believe a solution shall come. Christians boast that God has billions of Angels but why can't he send them at the point when they are needed the most. They always pray but yet are killed daily and in great amount. We as Africans had our religions and cultures, we abandoned them and went for others not meant for us. The Arabs see us as slaves and the Israelites as gentiles. Those religions weren't meant for us originally. Look at India and China, they have their own religions and they have stuck to it. We even have some white men joining those religions(Buddhism and Hinduism). We have thrown away ours because the white man says it is bad. Now the white man is beginning to drop his own religion and here we are fighting for it. May our ancestors forgive us. You cannot tell me that we balcks are descendants of Abraham. The eastern Asians don't believe they originated from Adam or Abraham. We blacks have our history but we chose to believe we are descendants of people who see us as slaves. Let us go back to our roots and search for answers. Prayers don't work. If prayers were to be effective, we wouldn't be where we are today. Religion offers only mental relief. Christians, as from now, pray when you are sick, broke, attacked or hungry as see what will happen. If we don't act, nothing changes. Let us return to our roots oo!!b

CFCfan: Yes, you are
Kudos to honeric for creating this thread.

Yes! Nice thread. To celebrate my achievement, please order for your favourite drink. Drink's on me.

Am I first?

[quote author=♥Royal♥Charm♥]Strong Confident Woman Laying Down That Firm Boot To My Man's Throat[/quote]I get her clearly. Strong woman, you made your point clear enough! Well, thank God it is a man's world. Back to topic, I don't see anything wrong with Geney's chest. What do y'all expect? She isn't 16 years old for them to point skywards. With age and constant mouth and finger actions, law of gravity steps in. Seriously, I don't mind tickling and juggling them. This is my opinion... I don't front.

ogugua88: [size=13pt]I'm hiding your posts because of your offensive comments. I hid the first one and you consciously reposted it. You know it has nothing to do with whether Denrele bleaches or not. There's a reason those words are censored.[/size]

Ok... I hear you, strict lady! But since it is all about Genevieve, why am I seeing Denrele's picture? Seems you want everyone to think along the same line as you. Well, this is what will surely happen if women are allowed to rule the world. Try to be a little free and accommodating, being uptight doesn't make you a 'strong' woman or an iron lady.
PS: I don't mean to insult you, just letting you know my view.

Mods, whatever happened to freedom of speech? Is any of the mods related to Denrele? Why can't I express my view? Is it not true that he bleached and still bleaches? Stop hiding my post, we are not in anyway playing hide and seek. May the gods and oracles of my village....

Boko Haram, all these years, you have had one target. Today, that target is visiting. If you cannot due to any reason take him down, then please, forever hold your fire and leave innocent citizens alone.
Today is the day 'actor' and 'boss' should settle old scores. If nothing happens, then I will know that boko haram are cowards and the innocent and unarmed citizens should by all means chase out the cowards from their midst. We will soon know if boko haram are against the government or against innocent christians and few muslims that don't support them.

Eko Ile: You mean they should teach you how to read and comprehend?

Yes! If only that will make me understand and see reasons why you make claims that cannot be proven. You must show me a source oo. Show me where he got his stats from, Mr. 'reader' and 'comprehender' based on what you read above. You can even refer to other sources. I am waiting.

Goodysydney: which Ghana currency? Cedi. God forbid bad thing. A Ghana Immigration or Custom officer will beg u to give him Naira or even CFA rather than Cedi. Cuz Ghana money no get value.

My guy, I don't mean to insult you, but you sound highly uninformed and ignorant. I doubt if you know anything happening in other places apart from what happens in your locality. You sound like someone who relies on hearsay. Fashola had people like you in mind when he said what he did. He knows most of his people are easy to decieve. Guy, try not to be intellectually lazy. Travel out and see things for yourself or try and use your bandwidth to read more rather than making dumb posts.

Those in support of Fashola should support their claims with facts or reference na. We must end this issue today oo. This argument has to be concluded and with facts. No more deception and politricks!

Please, someone should correct me if I am wrong. I thought contagious diseases were contracted through touch. Contagious is quite different from infectious-which has to do with transmission mostly through air. Are HIV, Typhoid, Bubonic Plague, etc, contagious? I guess not since they are not transmitted through touch.
Anyway, nice information from Op.

Ghana's robust economic performance, strong growth outlook, good governance record, and favourable business environment have been cited as factors underpinning the country's 'B+' rating by the Fitch Ratings. A statement issued by Fitch Ratings, London on Friday September 21, 2012 “affirmed Ghana's Long-term foreign and local currency Issuer Default Ratings (IDR) at 'B+' with a Stable Outlook and Short-term foreign currency IDR at 'B'. The agency has also affirmed the Country Ceiling at 'B+'”.

The ability to maintain the country's ratings at a ceiling of B+ attests to good governance and demonstrates the capacity of the country to repay external and domestic debt liabilities, thereby, giving confidence to investors accessing sovereign debt opportunities in Ghana. According to the Fitch Rating Statement, Ghana's growth is forecast at an average of 8.6% over the next three years. This growth will be boosted by rising oil production and its positive spillover effects on the economy as well as infrastructure spending.

Reacting to the ratings by FITCH, a statement released by the Ministry of Finance and signed by the Chief Director, Enoch H. Cobbinah on behalf of the Minister, Dr. Kwabena Dufuor, said over the past three years Government has committed itself to significant infrastructural investments in Roads &Transport, Agriculture, Energy, Oil & Gas sectors, among others.

According to the Ministry, the Oil & Gas sector has been identified by Fitch Rating as a major growth pole which will provide diversification of economic activities. Oil production is forecast to rise to 120,000 barrels per day (b/d) in 2013 and is expected to increase further to 600,000 b/d by 2018 according to Ghana National Petroleum Company (GNPC). The monetisation of Ghana's gas which is expected to begin in 2013 will lower the cost of power and improve competitiveness. Oil & Gas revenues would also support the country's public and external balance sheets over the medium term. The Statement noted that the cedi which depreciated by 30% in the first half of 2012 appears to have stabilized due in part to Bank of Ghana's (BOG) policy interventions as well as foreign demand for domestic bond.

“The BOG interventions include (i) reintroduction of BOG bills to provide additional avenues for cedi investments (ii) revision in the application of the statutory reserve requirement of banks to maintain the mandatory 9% reserve requirement on domestic and foreign deposit liabilities in Ghana Cedis only, and (iii) provision of 100% cedi cover for vostro balances” The Statement also notes that the revision of the 2012 fiscal deficit from 4.8% of GDP as provided in the 2012 main budget to 6.7% is occasioned by repayment of arrears, 18% public sector wage increases and increased energy subsidies.

“As the Ministry of Finance and Economic Planning admits to its delight in this rating, it would be pertinent to point out that the revision of the fiscal deficit from 4.8% of GDP to 6.7% of GDP was effected during the year to accommodate emerging challenges and, therefore, could not be considered as a slippage” the statement stated According to the Ministry, it has initiated a number measures to deal with fiscal risk occasioned by the implementation of the Single Spine Pay Policy. These measures include the payroll biometric registration exercise which is aimed at cleaning and updating the database of all public service personnel. Measures have also been put in place to strengthen expenditure management and budgetary control including the commitment from the Presidency to ensure that only budgeted expenditures are accommodated within the 2012 budget appropriation.

“The Fitch Rating identified continued strong growth combined with convincing track record of good macroeconomic management and fiscal consolidation as factors which could put upward pressure on the rating” the statement said in conclusion

Source:http://www.ghanaweb.com/GhanaHomePage/NewsArchive/artikel.php?ID=251470



Ghana Economy 2012
http://www.theodora.com/wfbcurrent/ghana/ghana_economy.html
SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES





















GEOGRAPHICAL NAMES



Page last updated on February 21,
Economy - overview:
Ghana's economy has been strengthened by a quarter century of relatively sound management, a competitive business environment, and sustained reductions in poverty levels. Ghana is well endowed with natural resources and agriculture accounts for roughly one-quarter of GDP and employs more than half of the workforce, mainly small landholders. The services sector accounts for 50% of GDP. Gold and cocoa production and individual remittances are major sources of foreign exchange. Oil production at Ghana's offshore Jubilee field began in mid-December, 2010, and is expected to boost economic growth. President Mills faces challenges in managing new oil revenue while maintaining fiscal discipline and resisting debt accumulation. Estimated oil reserves have jumped to almost 700 million barrels . Ghana signed a Millennium Challenge Corporation (MCC) Compact in 2006, which aims to assist in transforming Ghana's agricultural sector. Ghana opted for debt relief under the Heavily Indebted Poor Country (HIPC) program in 2002, and is also benefiting from the Multilateral Debt Relief Initiative that took effect in 2006. In 2009 Ghana signed a three-year Poverty Reduction and Growth Facility with the IMF to improve macroeconomic stability, private sector competitiveness, human resource development, and good governance and civic responsibility. Sound macro-economic management along with high prices for gold and cocoa helped sustain GDP growth in 2008-11.

GDP (purchasing power parity):
$74.77 billion (2011 est.)
country comparison to the world: 81

$65.89 billion (2010 est.)
$61.2 billion (2009 est.)
note: data are in 2011 US dollars
[see also: GDP country ranks ]
GDP (official exchange rate):
$38.6 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
13.5% (2011 est.)
country comparison to the world: 2

7.7% (2010 est.)
4% (2009 est.)
[see also: GDP - real growth rate country ranks ]
GDP - per capita:
$3,100 (2011 est.)
country comparison to the world: 168

$2,800 (2010 est.)
$2,600 (2009 est.)
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]
GDP - composition by sector:
agriculture: 28.3%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 21%
[see also: GDP - composition by sector - industry country ranks ]
services: 50.7% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
10.77 million (2011 est.)
country comparison to the world: 49
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 56%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 15%
[see also: Labor force - by occupation - industry country ranks ]
services: 29% (2005 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
11% (2000 est.)
country comparison to the world: 119
[see also: Unemployment rate country ranks ]

Population below poverty line:
28.5% (2007 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 2%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 32.8% (2006)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
39.4 (2005-06)
country comparison to the world: 68

40.7 (1999)
[see also: Distribution of family income - Gini index country ranks ]
Investment (gross fixed):
20.1% of GDP (2011 est.)
country comparison to the world: 116
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $7.358 billion
[see also: Budget revenues country ranks ]
expenditures: $9.431 billion (2011 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
19.1% of GDP (2011 est.)
country comparison to the world: 165
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-5.4% of GDP (2011 est.)
country comparison to the world: 159
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
38.7% of GDP (2011 est.)
country comparison to the world: 77

34% of GDP (2010 est.)
[see also: Public debt country ranks ]
Inflation rate (consumer prices):
8.8% (2011 est.)
country comparison to the world: 180

10.7% (2010 est.)
[see also: Inflation rate (consumer prices) country ranks ]
Central bank discount rate:
18% (31 December 2009)
country comparison to the world: 10

17% (31 December 2008)
[see also: Central bank discount rate country ranks ]
Commercial bank prime lending rate:
20.6% (31 December 2011 est.)
country comparison to the world: 12

22.7% (31 December 2010 est.)
[see also: Commercial bank prime lending rate country ranks ]
Stock of narrow money:
$9.33 billion (31 December 2011 est.)
country comparison to the world: 75

$7.102 billion (31 December 2010 est.)
[see also: Stock of narrow money country ranks ]
Stock of broad money:
$14.37 billion (31 December 2011 est.)
country comparison to the world: 94

$10.78 billion (31 December 2010 est.)
[see also: Stock of broad money country ranks ]
Stock of domestic credit:
$10.25 billion (31 December 2011 est.)
country comparison to the world: 97

$8.747 billion (31 December 2010 est.)
[see also: Stock of domestic credit country ranks ]
Market value of publicly traded shares:
$3.531 billion (31 December 2010)
country comparison to the world: 92

$2.508 billion (31 December 2009)
$3.394 billion (31 December 2008)
[see also: Market value of publicly traded shares country ranks ]
Agriculture - products:
cocoa, rice, cassava (tapioca), peanuts, corn, shea nuts, bananas; timber

Industries:
mining, lumbering, light manufacturing, aluminum smelting, food processing, cement, small commercial ship building

Industrial production growth rate:
5% (2010 est.)
country comparison to the world: 70
[see also: Industrial production growth rate country ranks ]

Electricity - production:
8.167 billion kWh (2008 est.)
country comparison to the world: 97
[see also: Electricity - production country ranks ]

Electricity - consumption:
6.06 billion kWh (2008 est.)
country comparison to the world: 106
[see also: Electricity - consumption country ranks ]

Electricity - exports:
538 million kWh (2008 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
263 million kWh (2008 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
8,880 bbl/day (2010 est.)
country comparison to the world: 87
[see also: Oil - production country ranks ]

Oil - consumption:
60,000 bbl/day (2010 est.)
country comparison to the world: 96
[see also: Oil - consumption country ranks ]

Oil - exports:
5,752 bbl/day (2009 est.)
country comparison to the world: 102
[see also: Oil - exports country ranks ]

Oil - imports:
68,830 bbl/day (2009 est.)
country comparison to the world: 81
[see also: Oil - imports country ranks ]

Natural gas - production:
0 cu m (2009 est.)
country comparison to the world: 187
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
0 cu m (2009 est.)
country comparison to the world: 181
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2009 est.)
country comparison to the world: 104
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2009 est.)
country comparison to the world: 196
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
22.65 billion cu m (1 January 2011 est.)
country comparison to the world: 75
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$1.438 billion (2011 est.)
country comparison to the world: 148

-$2.43 billion (2010 est.)
[see also: Current account balance country ranks ]
Exports:
$13.13 billion (2011 est.)
country comparison to the world: 84

$7.892 billion (2010 est.)
[see also: Exports country ranks ]
Exports - commodities:
gold, cocoa, timber, tuna, bauxite, aluminum, manganese ore, diamonds, horticulture

Exports - partners:
Netherlands 11.7%, UK 7%, France 5.7%, US 5.6%, Ukraine 5%, Belgium 4.6% (2010)

Imports:
$14.03 billion (2011 est.)
country comparison to the world: 85

$10.95 billion (2010 est.)
[see also: Imports country ranks ]
Imports - commodities:
capital equipment, petroleum, foodstuffs

Imports - partners:
China 16.6%, Nigeria 12.7%, US 8.4%, Cote dIvoire 6.2%, UK 4.5%, France 4.2% (2010)

Reserves of foreign exchange and gold:
$5.671 billion (31 December 2011 est.)
country comparison to the world: 83

$4.7 billion (31 December 2010 est.)
[see also: Reserves of foreign exchange and gold country ranks ]
Debt - external:
$7.779 billion (31 December 2011 est.)
country comparison to the world: 100

$6.795 billion (31 December 2010 est.)
[see also: Debt - external country ranks ]
Stock of direct foreign investment - at home:
$NA
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$NA
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
cedis (GHC) per US dollar -

1.495 (2011 est.)
1.431 (2010 est.)
1.409 (2009)
1.1 (2008)
0.95 (2007)

NOTE: The information regarding Ghana on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Ghana Economy 2012 information contained here. All suggestions for corrections of any errors about Ghana Economy 2012 should be addressed to the CIA.
Source:
http://www.theodora.com/wfbcurrent/ghana/ghana_economy.html

I am waiting for Oga Fashola to show his statistics too.

Ghana's robust economic performance, strong growth outlook, good governance record, and favourable business environment have been cited as factors underpinning the country's 'B+' rating by the Fitch Ratings. A statement issued by Fitch Ratings, London on Friday September 21, 2012 “affirmed Ghana's Long-term foreign and local currency Issuer Default Ratings (IDR) at 'B+' with a Stable Outlook and Short-term foreign currency IDR at 'B'. The agency has also affirmed the Country Ceiling at 'B+'”.

The ability to maintain the country's ratings at a ceiling of B+ attests to good governance and demonstrates the capacity of the country to repay external and domestic debt liabilities, thereby, giving confidence to investors accessing sovereign debt opportunities in Ghana. According to the Fitch Rating Statement, Ghana's growth is forecast at an average of 8.6% over the next three years. This growth will be boosted by rising oil production and its positive spillover effects on the economy as well as infrastructure spending.

Reacting to the ratings by FITCH, a statement released by the Ministry of Finance and signed by the Chief Director, Enoch H. Cobbinah on behalf of the Minister, Dr. Kwabena Dufuor, said over the past three years Government has committed itself to significant infrastructural investments in Roads &Transport, Agriculture, Energy, Oil & Gas sectors, among others.

According to the Ministry, the Oil & Gas sector has been identified by Fitch Rating as a major growth pole which will provide diversification of economic activities. Oil production is forecast to rise to 120,000 barrels per day (b/d) in 2013 and is expected to increase further to 600,000 b/d by 2018 according to Ghana National Petroleum Company (GNPC). The monetisation of Ghana's gas which is expected to begin in 2013 will lower the cost of power and improve competitiveness. Oil & Gas revenues would also support the country's public and external balance sheets over the medium term. The Statement noted that the cedi which depreciated by 30% in the first half of 2012 appears to have stabilized due in part to Bank of Ghana's (BOG) policy interventions as well as foreign demand for domestic bond.

“The BOG interventions include (i) reintroduction of BOG bills to provide additional avenues for cedi investments (ii) revision in the application of the statutory reserve requirement of banks to maintain the mandatory 9% reserve requirement on domestic and foreign deposit liabilities in Ghana Cedis only, and (iii) provision of 100% cedi cover for vostro balances” The Statement also notes that the revision of the 2012 fiscal deficit from 4.8% of GDP as provided in the 2012 main budget to 6.7% is occasioned by repayment of arrears, 18% public sector wage increases and increased energy subsidies.

“As the Ministry of Finance and Economic Planning admits to its delight in this rating, it would be pertinent to point out that the revision of the fiscal deficit from 4.8% of GDP to 6.7% of GDP was effected during the year to accommodate emerging challenges and, therefore, could not be considered as a slippage” the statement stated According to the Ministry, it has initiated a number measures to deal with fiscal risk occasioned by the implementation of the Single Spine Pay Policy. These measures include the payroll biometric registration exercise which is aimed at cleaning and updating the database of all public service personnel. Measures have also been put in place to strengthen expenditure management and budgetary control including the commitment from the Presidency to ensure that only budgeted expenditures are accommodated within the 2012 budget appropriation.

“The Fitch Rating identified continued strong growth combined with convincing track record of good macroeconomic management and fiscal consolidation as factors which could put upward pressure on the rating” the statement said in conclusion

Source:http://www.ghanaweb.com/GhanaHomePage/NewsArchive/artikel.php?ID=251470



Ghana Economy 2012
http://www.theodora.com/wfbcurrent/ghana/ghana_economy.html
SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES





















GEOGRAPHICAL NAMES



Page last updated on February 21,
Economy - overview:
Ghana's economy has been strengthened by a quarter century of relatively sound management, a competitive business environment, and sustained reductions in poverty levels. Ghana is well endowed with natural resources and agriculture accounts for roughly one-quarter of GDP and employs more than half of the workforce, mainly small landholders. The services sector accounts for 50% of GDP. Gold and cocoa production and individual remittances are major sources of foreign exchange. Oil production at Ghana's offshore Jubilee field began in mid-December, 2010, and is expected to boost economic growth. President Mills faces challenges in managing new oil revenue while maintaining fiscal discipline and resisting debt accumulation. Estimated oil reserves have jumped to almost 700 million barrels . Ghana signed a Millennium Challenge Corporation (MCC) Compact in 2006, which aims to assist in transforming Ghana's agricultural sector. Ghana opted for debt relief under the Heavily Indebted Poor Country (HIPC) program in 2002, and is also benefiting from the Multilateral Debt Relief Initiative that took effect in 2006. In 2009 Ghana signed a three-year Poverty Reduction and Growth Facility with the IMF to improve macroeconomic stability, private sector competitiveness, human resource development, and good governance and civic responsibility. Sound macro-economic management along with high prices for gold and cocoa helped sustain GDP growth in 2008-11.

GDP (purchasing power parity):
$74.77 billion (2011 est.)
country comparison to the world: 81

$65.89 billion (2010 est.)
$61.2 billion (2009 est.)
note: data are in 2011 US dollars
[see also: GDP country ranks ]
GDP (official exchange rate):
$38.6 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
13.5% (2011 est.)
country comparison to the world: 2

7.7% (2010 est.)
4% (2009 est.)
[see also: GDP - real growth rate country ranks ]
GDP - per capita:
$3,100 (2011 est.)
country comparison to the world: 168

$2,800 (2010 est.)
$2,600 (2009 est.)
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]
GDP - composition by sector:
agriculture: 28.3%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 21%
[see also: GDP - composition by sector - industry country ranks ]
services: 50.7% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
10.77 million (2011 est.)
country comparison to the world: 49
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 56%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 15%
[see also: Labor force - by occupation - industry country ranks ]
services: 29% (2005 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
11% (2000 est.)
country comparison to the world: 119
[see also: Unemployment rate country ranks ]

Population below poverty line:
28.5% (2007 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 2%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 32.8% (2006)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
39.4 (2005-06)
country comparison to the world: 68

40.7 (1999)
[see also: Distribution of family income - Gini index country ranks ]
Investment (gross fixed):
20.1% of GDP (2011 est.)
country comparison to the world: 116
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $7.358 billion
[see also: Budget revenues country ranks ]
expenditures: $9.431 billion (2011 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
19.1% of GDP (2011 est.)
country comparison to the world: 165
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-5.4% of GDP (2011 est.)
country comparison to the world: 159
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
38.7% of GDP (2011 est.)
country comparison to the world: 77

34% of GDP (2010 est.)
[see also: Public debt country ranks ]
Inflation rate (consumer prices):
8.8% (2011 est.)
country comparison to the world: 180

10.7% (2010 est.)
[see also: Inflation rate (consumer prices) country ranks ]
Central bank discount rate:
18% (31 December 2009)
country comparison to the world: 10

17% (31 December 2008)
[see also: Central bank discount rate country ranks ]
Commercial bank prime lending rate:
20.6% (31 December 2011 est.)
country comparison to the world: 12

22.7% (31 December 2010 est.)
[see also: Commercial bank prime lending rate country ranks ]
Stock of narrow money:
$9.33 billion (31 December 2011 est.)
country comparison to the world: 75

$7.102 billion (31 December 2010 est.)
[see also: Stock of narrow money country ranks ]
Stock of broad money:
$14.37 billion (31 December 2011 est.)
country comparison to the world: 94

$10.78 billion (31 December 2010 est.)
[see also: Stock of broad money country ranks ]
Stock of domestic credit:
$10.25 billion (31 December 2011 est.)
country comparison to the world: 97

$8.747 billion (31 December 2010 est.)
[see also: Stock of domestic credit country ranks ]
Market value of publicly traded shares:
$3.531 billion (31 December 2010)
country comparison to the world: 92

$2.508 billion (31 December 2009)
$3.394 billion (31 December 2008)
[see also: Market value of publicly traded shares country ranks ]
Agriculture - products:
cocoa, rice, cassava (tapioca), peanuts, corn, shea nuts, bananas; timber

Industries:
mining, lumbering, light manufacturing, aluminum smelting, food processing, cement, small commercial ship building

Industrial production growth rate:
5% (2010 est.)
country comparison to the world: 70
[see also: Industrial production growth rate country ranks ]

Electricity - production:
8.167 billion kWh (2008 est.)
country comparison to the world: 97
[see also: Electricity - production country ranks ]

Electricity - consumption:
6.06 billion kWh (2008 est.)
country comparison to the world: 106
[see also: Electricity - consumption country ranks ]

Electricity - exports:
538 million kWh (2008 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
263 million kWh (2008 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
8,880 bbl/day (2010 est.)
country comparison to the world: 87
[see also: Oil - production country ranks ]

Oil - consumption:
60,000 bbl/day (2010 est.)
country comparison to the world: 96
[see also: Oil - consumption country ranks ]

Oil - exports:
5,752 bbl/day (2009 est.)
country comparison to the world: 102
[see also: Oil - exports country ranks ]

Oil - imports:
68,830 bbl/day (2009 est.)
country comparison to the world: 81
[see also: Oil - imports country ranks ]

Natural gas - production:
0 cu m (2009 est.)
country comparison to the world: 187
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
0 cu m (2009 est.)
country comparison to the world: 181
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2009 est.)
country comparison to the world: 104
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2009 est.)
country comparison to the world: 196
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
22.65 billion cu m (1 January 2011 est.)
country comparison to the world: 75
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$1.438 billion (2011 est.)
country comparison to the world: 148

-$2.43 billion (2010 est.)
[see also: Current account balance country ranks ]
Exports:
$13.13 billion (2011 est.)
country comparison to the world: 84

$7.892 billion (2010 est.)
[see also: Exports country ranks ]
Exports - commodities:
gold, cocoa, timber, tuna, bauxite, aluminum, manganese ore, diamonds, horticulture

Exports - partners:
Netherlands 11.7%, UK 7%, France 5.7%, US 5.6%, Ukraine 5%, Belgium 4.6% (2010)

Imports:
$14.03 billion (2011 est.)
country comparison to the world: 85

$10.95 billion (2010 est.)
[see also: Imports country ranks ]
Imports - commodities:
capital equipment, petroleum, foodstuffs

Imports - partners:
China 16.6%, Nigeria 12.7%, US 8.4%, Cote dIvoire 6.2%, UK 4.5%, France 4.2% (2010)

Reserves of foreign exchange and gold:
$5.671 billion (31 December 2011 est.)
country comparison to the world: 83

$4.7 billion (31 December 2010 est.)
[see also: Reserves of foreign exchange and gold country ranks ]
Debt - external:
$7.779 billion (31 December 2011 est.)
country comparison to the world: 100

$6.795 billion (31 December 2010 est.)
[see also: Debt - external country ranks ]
Stock of direct foreign investment - at home:
$NA
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$NA
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
cedis (GHC) per US dollar -

1.495 (2011 est.)
1.431 (2010 est.)
1.409 (2009)
1.1 (2008)
0.95 (2007)

NOTE: The information regarding Ghana on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Ghana Economy 2012 information contained here. All suggestions for corrections of any errors about Ghana Economy 2012 should be addressed to the CIA.
Source:
http://www.theodora.com/wfbcurrent/ghana/ghana_economy.html

I am waiting for Oga Fashola to show his statistics too.

Economy of Ghana


CurrencyCedi (GHS)
Fiscal yearCalendar year 1 January to 31 December
Statistics
[B]GDP $82.571 billion[1][/B]
GDP growth8.7% (Q1 – 2012)[2]
14.337 % (2011 est.)[3]
GDP per capita$3,256.848 (2012 est.)[4]
GDP by sectorservices: 48.5%; industry: 25.9%; agriculture: 25.6% (2011 est.)
Inflation (CPI)8.1% (2011 est.)
Population
below poverty line27% (2011 est.)
Gini coefficient39.4 (2005-06)
Labor force10.33 million (2009 est.)
Labor force
by occupationservices: 28%; industry: 20%; agriculture: 52% (2011 est.)
Unemployment3% (Q1 – 2012)[5]
Main industriesCrude Oil Production and Refining, Offshore banking, entrepot trade, financial services, Higher education, electronics, mining, lumbering, tourism, light manufacturing, aluminum smelting, cement, small commercial ship building, Electricity generation, food processing
Ease of Doing Business Rank64th[6]
External
Exports$13.13 billion (2011 est.)
Export goodsgold, cocoa, Petroleum Products, Liquefied Natural Gas, Electric energy, timber, tuna, bauxite, aluminum, manganese ore, diamonds, horticulture
Main export partnersNetherlands 11.7%, United Kingdom 7%, France 5.7%, United States 5.6%, Ukraine 5%, Belgium 4.6% (2011)
Imports$14.03 billion (2010 est.)
Import goodscapital equipment, petroleum, foodstuffs
Main import partnersChina 16%, Nigeria 15%, India 5.6%, United States 5.6%, France 4.5%,
United Kingdom 4.5% (2008)
Gross external debt$5.84 billion (31 December 2009 est.)
Public finances
Public debt67.5% of GDP (2009 est.)
Revenues$4.547 billion (2009 est.)
Expenses$6.124 billion (2009 est.)
Credit rating
Standard & Poor's:[7]
B+ (Domestic)
B+ (Foreign)
BB+ (T&C Assessment)
Outlook: Stable[8]
Fitch:[9]
BBB+
Outlook: Stable
All values, unless otherwise stated, are in US dollars

Source: Wikipedia.

By the way, what are the criteria used in making ratings? Please, economists and other financial experts should break this assertion down with valid and current figures. Let's discuss this topic objectively and not subjectively. I love economics, law, politics and history. These are the fields that control the world. So Nlanders, let's rub minds.

This man is suffering from megalomania and delusions of grandeur. The worst part is that many will believe him. What criteria or yardstick did he use to arrive at his conclusion? Size of economy? GDP? Per Capital Income? Unemployment Rate? Investment climate? Inflation? Infrastructural development? Some people seem to get a some form of pleasure when they look down on other countries. Mr. Fashola, I appreciate you efforts in making Lagos a better state but don't blow out other people's candle to make yours shine brighter. Ghana is doing good. It will be almost impossible for Lagos state alone to beat it in any of the economic indices listed above. Manifestation of self is an enemy of progress.

(First and foremost, I am a Ghanaian. I supported the Black stars but the goats disappointed me. I apologise to all Nigerians for the bad words I used against them and all the ill luck I wished them. I'm sincerely sorry. I hope Nigeria wins the trophy. The Black stars were highly favoured by the Ref but nemesis caught up with them. We featured a bad, hungry and weak team in this tournament. It is my sincere hope that the useless coach gets fired. For all the Ghanaians on this forum tonight dissing the Super Eagles, I say shut your traps up. The Nigerian team is the bomb! Please, Super Eagles, win the trophy for us... We the black stars are a bunch of good-for-nothing players. Once again, apologies. :' :' :' I can't sleep or eat

Nairalanders, so quick to criticise and correct simple mistakes. Just look at how most posters are making mistakes that are worse than the OP's. Since you understand what he meant, just share your views and let's move on. OP, I don't think being a graduate is that special these days. But it's good to be one.

Yes, but it depends on who is disciplining my child and the severity of the discipline. I would allow a school teacher to discipline my child. I would allow my brothers and sisters to discipline my kids if they go wrong, they are even allowed to beat them reasonably. I imagine the idiot I would have become if not for the beatings from my Mom and teachers. It puts a certain degree of fear in kids. Even the Bible says 'spare the rod and spoil the child'. We shouldn't try to be like the west. A society where kids can use the 'F' word on parents or elders without any fear. No wonder you have kids shooting up schools in the west- they were brought up without discipline and fear. If my kid goes wrong, please, Nairalanders, give him a little and reasonable dose of spanking to put him in line. There was a day a 5 year old son of my neighbour hit me with the sole of his mother's high heel shoes when I was in their house for a visit. The kind of slaps I landed on that boy that day in the presence of his Mum... Hmmmmm. I was waiting for her to protest but she kept quiet and apologised for her son's folly. If she had protested, I would have shown her my mad side too.

Hmmmmm... Abeg make we talk true na. I no see any cute face here. All the noses in the picture get as e be. As a matter of fact, that baby no fine. I no wish to get baby like that.

[quote author=rick.ross][b]


FOOL< I feed Ghana, I dont live in Ghana so I am the one feeding Ghanaians tru my businesses. I have NEVER lived in any country for up to 2 months before. I am a businessman and I am always on the go. Each time I come to Ghana I dont stay more than 3 weeks or 1 month at most.

SCHOOLS: You have good schools in ghana? Are you fukin serious? Mention the names of world class scientists or businessmen produced by your ghana schools?? If u have good schools how come Nigerian musicians are movie stars from bad schools are topping the charts all over Africa? How come Nigerian businesses that attended Nigerian poor schools are winning the awards of best businessmen in africa for the last 10 years? Why are there no standard businesses if u have good schools> What do they teach u in those shcools? Is it how to sell recharge cards? How come your good schools never produced people like Wole Soyinka and Chinua Achebe? How come 75% of text books in ghanaian schools written by Nigerian authors? Why havent your good schools produced someone like INOSSON MOTORS?

Nigerians are studying in Ghana bc there is NOT ENOUGH UNIVERSITIES IN NIGERIA. The schools cant go round, every Nigerian wants to go to university and the route to gain university education in Nigeria is hard. In Ghana there is no JAMB or UTME. Nigerians are schooling in over 100 countries around the world including Togo and Benin Republic and even Pakistan and India, the same way rich Ghanaian parents send their children to study in Malaysia, Europe, Cuba, Russian, Ukraine etc. If your Ghanaian schools are good enough then THE GOVERNMENT OF GHANA WILL NOT GIVE ITS CITIZENS SCHOLARSHIPS TO STUDY IN CUBA, UKRAINE etc.


STRIKES/LECTURERS: These things happen in ghana. GHANA MEDICAL DOCTORS WERE ON STRIKE MANY MONTHS BC OF THE PEANUTS THEY ARE PAID. LECTURERS ARE THE SAME IN GHANA AND NIGERIA.

FOREIGN INVESTMENT: Nigeria doesn't need to make noise about its economy. The FACTS are there for all investor to see. Even with all the noise your NPP and NDC made, NIGERIA RECEIVES FDI 3 TIMES MORE THAN GHANA. Till date, Nigeria receives more FDI than any other African country, so what the fuk are u talking about? The factories and companies in Ogun state alone is more than all factories in Ghana put together.


GHANA SENDING NIGERIANS AWAY: You have no guts so you cant do it. When atta mills won the election we were told how he was going to send away Nigeria but its already 4 years ago and nothing happened? Nigerians didn't start crying like fowl, we told you we will retaliate if you try it. Your president was coming to Nigeria to beg our president the same day he died. ITS ON RECORD SINCE THAT INCIDENCE GHANA CEDIS HAS LOST OVER 40% OF ITS VALUE BECAUSE MANY NIGERIANS STARTED WITHDRAWING THEIR FUNDS OUT OF GHANA AND THAT WOULD HAVE CRASHED YOUR ECONOMY LIKE ZIMBABWE.

Let me tell u why u cant try it. if you do, we will cut our gas line, u wont have cooking gas again, your electricity will become more epileptic, we will cut our satellite submarine cables so you wont have internet access again. Then we will move all our banks, insurance companies etc and Ghana will be worst than Zimbabwe. THESE ARE FACTS... REMEMBER: Any-day Nigerians choose to leave in Ghana we will never return to Nigeria on trailers, lorries and Ghana must go bags, we will return to Nigeria on our private jets, international air;lines, range rover sports and hummer jeeps. When we chased you poor rats out of Nigeria u were packed in lorries like tomatoes hahaha. I pity you guys really[/b][/quote]Am so sure your company is a scam just like your name.I won't pick Rick Ross as an alias... It shows you don't believe in your local artists you are boasting of. I can name Kofi Annan and Ibn Chambas(that's if you know him, if you don't, google him) as products of Ghanaian universities. Learn to differentiate between talent and school. What brought about Nigerian artists and good schools Please don't argue like a tiles seller, argue like an enlightened man. Bob Marley and Michael Jackson didn't go far in formaal education. And about movie stars... Are you boasting with your actors and actresses Nigga, PLEASE!!! Ghanaian movie stars now rock, you aint heard Nigerian business men like Dangote and Adenuga made it big through assistance from the corrupt government you have. They also run a monopoly... They killed the businesses of other competitors. Otedola was recently involved in the subsidy crap, that's Naija for you. No clean wealth. Ghana doesn't support business men with state funds. You talk about Wole Soyinka and Achebe always, Wole furthered his education abroad and Achebe is not proud of his country and as a result, rejected the national awards on different occassions. I have tried looking for text books authored by Nigerians but I can't find one! Can you name one for me? You always talk about Innoson motors... I always talk about Alomo Bitters too. Besides, I think he assembles cars, he's not a manufacturer. We have few universities here in Ghana compared to the over a hundred you have in Naija and you still want to talk? Come on, boy, you just love our quality. And by the way, who says going to university guarantees success as a business man? Go and ask Bill Gates or read about Steve Jobs. WhY was jamb introduced in Naija?? It was to counter the malpractices in your WASSCE exams... Go and do your research. Nigeria recieves more FDI than Ghana because Nigeria is bigger than Ghana. But how does the FDI help the poor in Nigeria? What factories are there in Ogun? The ones producing buscuits Do you know how the Naira is droppong in value?? Go and check, compare it to the cedis and dollars. You are already sabotaging your gas pipeline, instead of supplying us with gas we bought, you are supplying us with water. Before your submarine cables, was there not internet service in Ghana? If I could remember, Ghanaians didn't want glo to come to Ghana but Adenuga was begging and kissing our bum. When we wanted to sack you guys, you all ran to ECOWAS and started shouting and wailing like kids. Nigerian doctors and academics have all ran out. They can't live in a country where life is worse than being in hell. No water, no electricity, boko haram, kidnappers, militants, bad roads, poor hospitals, the list is endless. Ghanaian doctors went to strike but for how long? It didn't escalate like what happened between doctors in lagos and Fashola. Your hospitals can't perform simple operations that's why you rush to India.

Now I know Rick Ross doesn't know Ghana well. How can cucumber and onions be cheap in Accra when there are no farms in Accra? Please go to the villages and see how carrots and cucumber are cheap. Wait a minute!!!! Did you come to Ghana to eat carrots and onions? Hahahahahaha.... You hungry goat! You call us bastards, no wahala... Since your wife is a Ghanaian, I suggest you have a DNA test for your kids because I know your have a weak and small willie. I could be the father of your kids because I think am screwing your wife. No one does it like a Ghanaian.

Otumfuor... I see you too. Keep it up.

I didn't want to comment but Rick Ross made me. You are an ingrate! Ghana is feeding you, yet you turn around and diss Ghana? For all those dissing Ghana, why can't you stay in your country and enjoy your police, electricity, peace, development and women? I'm a Ghanaian raised in Nigeria but I've relocated to Ghana. I know Nigeria too damn well. Ghana beats you in power supply, Ghana beats you in education, Ghana beats you in administration, Ghana beats you in orderliness. Ghana threatened to sack Nigerians and immediately we heard Nigerians crying like kids. If Ghana were to be as poor and bad as you paint it, Nigerians would have left willingly. I believe Rick Ross is an Igbo man. You people are damn arrogant. You go to the northern part of your country and start insulting the northerners that they are bush people, yet in your area(east), we can only find eroded soil, no meat, no maize, highest illiteracy rate, ritualists, greed, kidnapping, jealousy and under development. Why can't you stay in the east? You come to Ghana, make money and travel to your village during xmas to show off. Is that not true? No wonder the Hausas nearly wiped you out during the civil war.... Nyamuri like you. Ghana has opened up it's economy to foriegn investors that's why you find foriegners there. Is that not what Obasanjo was trying to do? Is that not what Otunba Runsewe is doing through tourism? Yet, these foriegners don't want to go to Nigeria. I know about your police and their love for twenty naira so let's not go there. I know of your universities, the strikes and how lecturers exploit girls, so let's not go there. I know of your hospitals and how Danbaba Suntain was flown to Germany, so let's not go there. I know of your roads, so let's not go there. I know of your electricity, so let's not go there. I know of your security issues, so let's not go there. I know of your wickedness, lack of morality, private jet pastors and ability to kill for money, so let's not go there. I know of your deep poverty and how you coundn't survrive on $2 a day and had to run to Ghana, so let's not go there.I know of PDP and rigging and how Nigerians can't stand up for their rights unless they are online, so let's not go there. And most of all, I know of your ugly and clueless president, so let's not go there. Guy, biko nu, respect yourself there oo. Abeg no make me fall una hand. Petro Dollar and Smooth criminal... Represent Ghana and stand for what is yours.

Hmmmm

As a big boy, I never wanted to comment to a fabricated story. This was concocted by a gutter press. However, let's get things straight. How can an averge Igbo dude claim to be handsome? I mean, check out their heavy and broad noses, their stiff, irregular, k-leg, muscular(in an ugly disproportionate way) bodies caused by the consumption of a stinking, hard to swallow food called Akpu. Do you guys know that Igbo girls are stiff and muscular down to the kitty? Stinking broads, I tell u. No Ghanaian girl in her right sense will fall for an Igbo boy(claiming swags but always putting on multi colored and tight clothes). Are they not the ones selling used and stolen phones at Accra circle? If that's what being an enterpreneur means, count me out of that. I can't comprehend how a black, watery as*ed, dirty and scar(mark) riddled face ugly yoruba people would insult Ghanaians. I guess that's because of that black food they eat(Amala). Try and develop your rusty roof towns and try to bleach your Funmis, Iyabos, Bimbos, etc. I heard you boasting that you'll let Obasanjo represent you in a pageant because he's one of your nice breeds(shaking my head and laughing). As for northern Nigerians... Much love to y'all. You gave me a wife. Otumfour, Smoothcriminal, Petrodollar, etc please keep on repping Ghana.

How does this change the price of garri and kuli kuli in the market?

The results are out and he was found to have pneumonia and a rupture of a blood vessel. Treatment has commenced and the blood has ceased to come out. Thank you all for your care. God bless.