Ghana: Five things to know
Ghana: Five things to know

Ghana: Five things to know

Ghanaians also suffer from inflation and lack of infrastructure, especially sanitation, as well as regular power blackouts.
Phillepus Uusiku
Seen as a beacon of hope and stability in a turbulent region, Ghana is a major producer and exporter of gold, cocoa and oil.

The West African nation once called the Gold Coast overtook South Africa last year to become the continent's biggest producer of precious metal.

It is also the world's second-biggest producer of cocoa after Ivory Coast, with more than a fifth of the market. It also exports oil, diamonds, bauxite and manganese.

Once hailed as a regional growth model, it was forced to turn to the International Monetary Fund (IMF) in 2015 for a bailout as global commodity prices tanked.

Nearly a quarter of Ghana's 30 million population which has tripled since the 1970s live in poverty, with per capita income at US$2 220 (1 827 euros).

Growth for 2020 is expected to fall to its lowest in 30 years, to 0.9 percent according to the International Monetary Fund, a steep decline from 6.5 percent growth in 2019.

Ghanaians also suffer from inflation and lack of infrastructure, especially sanitation, as well as regular power blackouts.

Democracy

In 1957, Ghana became the first sub-Saharan African state to win independence under nationalist leader Kwame Nkrumah.

After Nkrumah, the most influential of the former British colony's leaders has been Jerry Rawlings, who came to power as an air force captain in 1979.

Although he mounted a second coup in 1981 after allowing elections, Rawlings who died on November 12 brought in a constitution that has proved a stable basis for democratic rule.

The World Bank has hailed it for taking "major strides toward democracy under a multi-party system, with its independent judiciary winning public trust."

In 2019, Ghana cracked down on separatists who were preparing to declare their own nation, "Western Togoland", in the eastern Volta region bordering Togo.

Modern-day Ghana is home to the Ashanti people, a nation and ethnic group which has wielded power in the region for over 300 years.

Built on gold, the Ashanti empire extended into neighbouring countries and fiercely resisted British colonial rule.

Ashanti monarchs still preside over an area containing around five million people that is roughly the size of Great Britain.

Integration

Ghana has played an important role in mediating in wars and crises that have affected its neighbours.

As chairman of the region's Economic Community of West African States (ECOWAS), Ghana's President Nana Akufo-Addo worked to resolve the recent political crisis in Mali.

The late Kofi Annan, a Ghanaian, was the first black African to lead the United Nations and won the Nobel Peace Prize for his nine-year tenure that ended in 2006.

Barack Obama chose Ghana for his first visit to sub-Saharan Africa in 2009 after his election as US president.

Cape Coast, the former European colonial capital, was once the largest slave-trading centre in West Africa from where slaves were shipped to North and South America and the Caribbean.

Now a fishing village, it has become a major tourist attraction since Obama visited with his family.- Nampa/AFP

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Premier League: Manchester United 3 vs 2 Newcastle | Brighton 1 vs 2 Chelsea | Tottenham Hotspur 0 vs 2 Manchester City LaLiga: Real Sociedad 1 vs 0 Valencia | Almería 0 vs 2 Barcelona | Las Palmas 2 vs 2 Real Betis | Celta Vigo 2 vs 1 Athletic Club | Getafe 0 vs 3 Atletico Madrid | Sevilla 0 vs 1 Cadiz | Rayo Vallecano 2 vs 1 Granada | Girona 0 vs 1 Villarreal | Real Madrid 5 vs 0 Deportivo Alaves | Osasuna 1 vs 1 Mallorca European Championships Qualifying: Leeds United 4 vs 0 Norwich City English Championship: Leeds United 4 vs 0 Norwich City Katima Mulilo: 11° | 31° Rundu: 11° | 30° Eenhana: 11° | 31° Oshakati: 12° | 30° Ruacana: 12° | 31° Tsumeb: 13° | 29° Otjiwarongo: 11° | 27° Omaruru: 11° | 30° Windhoek: 11° | 26° Gobabis: 12° | 27° Henties Bay: 19° | 35° Wind speed: 35km/h, Wind direction: E, Low tide: 05:49, High tide: 12:03, Low Tide: 17:43, High tide: 00:16 Swakopmund: 20° | 26° Wind speed: 27km/h, Wind direction: E, Low tide: 05:47, High tide: 12:01, Low Tide: 17:41, High tide: 00:14 Walvis Bay: 23° | 33° Wind speed: 28km/h, Wind direction: E, Low tide: 05:47, High tide: 12:00, Low Tide: 17:41, High tide: 00:13 Rehoboth: 12° | 27° Mariental: 15° | 29° Keetmanshoop: 17° | 29° Aranos: 15° | 28° Lüderitz: 20° | 32° Ariamsvlei: 16° | 30° Oranjemund: 15° | 25° Luanda: 24° | 27° Gaborone: 16° | 30° Lubumbashi: 11° | 27° Mbabane: 13° | 22° Maseru: 9° | 23° Antananarivo: 12° | 27° Lilongwe: 15° | 28° Maputo: 19° | 28° Windhoek: 11° | 26° Cape Town: 15° | 22° Durban: 17° | 23° Johannesburg: 15° | 24° Dar es Salaam: 23° | 32° Lusaka: 14° | 27° Harare: 13° | 26° Currency: GBP to NAD 23.06 | EUR to NAD 19.8 | CNY to NAD 2.53 | USD to NAD 18.27 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.71 | ZWL to NAD 0.04 | BRL to NAD 3.54 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.27 | USD to AOA 847.42 | USD to BWP 13.49 | USD to EGP 46.86 | USD to KES 130.48 | USD to NGN 1520 | USD to ZAR 18.26 | USD to ZMW 25.25 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 79509 Up +0.19% | Namibian Stock Exchange (NSX) Overall Index 1740.48 Up +0.45% | Casablanca Stock Exchange (CSE) MASI 13411.39 Down -0.07% | Egyptian Exchange (EGX) 30 Index 26142.84 Up +3.27% | Botswana Stock Exchange (BSE) DCI 9151.06 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 385.48/OZ UP +0.32% | Copper US$ 4.90/lb UP +1.12% | Zinc US$ 2 981.00/T UP 0.1% | Brent Crude Oil US$ 83.80/BBP UP +0.03% | Platinum US$ 1 058.66/OZ DOWN -0.0028 Sport results: Premier League: Manchester United 3 vs 2 Newcastle | Brighton 1 vs 2 Chelsea | Tottenham Hotspur 0 vs 2 Manchester City LaLiga: Real Sociedad 1 vs 0 Valencia | Almería 0 vs 2 Barcelona | Las Palmas 2 vs 2 Real Betis | Celta Vigo 2 vs 1 Athletic Club | Getafe 0 vs 3 Atletico Madrid | Sevilla 0 vs 1 Cadiz | Rayo Vallecano 2 vs 1 Granada | Girona 0 vs 1 Villarreal | Real Madrid 5 vs 0 Deportivo Alaves | Osasuna 1 vs 1 Mallorca European Championships Qualifying: Leeds United 4 vs 0 Norwich City English Championship: Leeds United 4 vs 0 Norwich City Weather: Katima Mulilo: 11° | 31° Rundu: 11° | 30° Eenhana: 11° | 31° Oshakati: 12° | 30° Ruacana: 12° | 31° Tsumeb: 13° | 29° Otjiwarongo: 11° | 27° Omaruru: 11° | 30° Windhoek: 11° | 26° Gobabis: 12° | 27° Henties Bay: 19° | 35° Wind speed: 35km/h, Wind direction: E, Low tide: 05:49, High tide: 12:03, Low Tide: 17:43, High tide: 00:16 Swakopmund: 20° | 26° Wind speed: 27km/h, Wind direction: E, Low tide: 05:47, High tide: 12:01, Low Tide: 17:41, High tide: 00:14 Walvis Bay: 23° | 33° Wind speed: 28km/h, Wind direction: E, Low tide: 05:47, High tide: 12:00, Low Tide: 17:41, High tide: 00:13 Rehoboth: 12° | 27° Mariental: 15° | 29° Keetmanshoop: 17° | 29° Aranos: 15° | 28° Lüderitz: 20° | 32° Ariamsvlei: 16° | 30° Oranjemund: 15° | 25° Luanda: 24° | 27° Gaborone: 16° | 30° Lubumbashi: 11° | 27° Mbabane: 13° | 22° Maseru: 9° | 23° Antananarivo: 12° | 27° Lilongwe: 15° | 28° Maputo: 19° | 28° Windhoek: 11° | 26° Cape Town: 15° | 22° Durban: 17° | 23° Johannesburg: 15° | 24° Dar es Salaam: 23° | 32° Lusaka: 14° | 27° Harare: 13° | 26° Economic Indicators: Currency: GBP to NAD 23.06 | EUR to NAD 19.8 | CNY to NAD 2.53 | USD to NAD 18.27 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.71 | ZWL to NAD 0.04 | BRL to NAD 3.54 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.27 | USD to AOA 847.42 | USD to BWP 13.49 | USD to EGP 46.86 | USD to KES 130.48 | USD to NGN 1520 | USD to ZAR 18.26 | USD to ZMW 25.25 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 79509 Up +0.19% | Namibian Stock Exchange (NSX) Overall Index 1740.48 Up +0.45% | Casablanca Stock Exchange (CSE) MASI 13411.39 Down -0.07% | Egyptian Exchange (EGX) 30 Index 26142.84 Up +3.27% | Botswana Stock Exchange (BSE) DCI 9151.06 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 385.48/OZ UP +0.32% | Copper US$ 4.90/lb UP +1.12% | Zinc US$ 2 981.00/T UP 0.1% | Brent Crude Oil US$ 83.80/BBP UP +0.03% | Platinum US$ 1 058.66/OZ DOWN -0.0028