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Ghana is a Middle Income Economy and is ranked as a Lower–Middle Income Economy by the World Bank. 27% of Ghana's population isliving on less than $1.25 per day, and a rate of 25% youth unemployment.
Well endowed with natural resources, Ghana has more than twice the per capita output of the poorer countries in WestAfrica. Known for its gold in colonial times, Ghana remains one of the world's top gold producer, Other exports such as cocoa, crude oil, natural gas, timber, electricity, diamond, bauxite, and manganese aremajor sources of foreign exchange, even though Ghana continues to experience electricity and gas shortages, and remains a developing nation after 55 years of independence from the declining BritishEmpire.
Ghana’s labour force in 2008 totalled 11.5 million people. The economy continues to rely heavily on agriculture which accounts for 37.3% of GDP and provides employment for 56% of the workforce, mainly small landholders. Manufacturing is only a small part of the Ghanaian economy totalling 7.9% of Gross Domestic Product in 2007
Tema Port, officially opened in 1962, is the bigest of the twoseaports in Ghana, and is Africa's largest manmade harbour. It has a water-enclosed area of 1.7 square kilometres (0.66 sq mi) and a total land area of 3.9 square kilometres (1.5 sq mi). Apart fromhandling goods for Ghana, it is also a traffic junction, where goods are transhipped, and transit cargo destined for the landlocked countries of Burkina Faso, Mali and Niger are received in addition ofmajor corruption and criminal activities that persist at both the Tema Harbour and Takoradi Harbour.
The port of Tema handles 80% of the nation’s import and export cargo. Most of the country’s...
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