WEB-GHANA-VOTE-ECONOMY

Ghana is experiencing significant economic growth, with a rate exceeding 6%, largely due to recent oil discoveries. This positions the country as an attractive destination for investors. Despite its smaller size compared to Nigeria, Ghana's banks are stable, borrowing minimally from abroad. However, the nation remains vulnerable due to its heavy reliance on raw material exports like gold, wood, and cocoa. With a global recession looming, Ghana must focus on self-reliance to mitigate potential economic impacts. The anticipated oil revenue, expected by 2010, could help address unemployment and poverty, but challenges remain.

What is the current economic growth rate of Ghana?

• 7%

• 5%

• 4%

• 6%

Why is Ghana considered an attractive destination for investors?

• Low inflation rate

• High borrowing from abroad

• Recent oil discoveries

• Its large size

What are the main exports that Ghana relies on?

• Gold, wood, and cocoa

• Rice, wheat, and corn

• Oil, diamonds, and coffee

• Textiles, electronics, and machinery

What is the main concern for Ghana's economy in the face of a global recession?

• Increasing foreign debt

• Falling demand and prices for exports

• Rising inflation

• Decreasing foreign investments

When is Ghana expected to start benefiting from its new oil revenues?

• 2011

• 2008

• 2009

• 2010