Some short time ago the Ghanaian economy grew by 13-20%, placing this country among the top ranks across the globe. While this trend slowed down in 2012, Ghana was still among the top 15 countries in terms of economic growth. For Ghana, as like most countries, the services sector is what boosts the national and international economy.
Natural Resources in Ghana
Ghana’s mining sector has assisted tremendously by feeding the country with capital and investment. The production of gold and diamonds derived from mining activity in the country, remain important pillars of the Ghanaian economy. Additional natural resources that abound on the national territory include bauxite and manganese ore, to name but two. Sectors and industries related to mining and oil production, such as aluminium smelting or oil refinery, are equally important and booming.
The discovery of large oil reserves just off the coast promises to further boost the economic performance of the nation. Oil companies have already begun working in the Jubilee oil field in the end of 2010, and positive results should be visible shortly. Among the most widely available and easily accessible natural resources in many parts of the country is timber. As around a third of the nation is covered by woods and forests, the forestry sector keeps large numbers of Ghanaians employed.
Agriculture in Ghana
No doubt that Ghana’s vast amount of natural resources is an important factor in terms of GDP,
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