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Ghana holidays

Information about Ghana

Formed from the merger of the British colony of the Gold Coast and the Togoland trust territory, Ghana in 1957 became the first sub-Saharan country in colonial Africa to gain its independence. Ghana endured a long series of coups before Lt. Jerry RAWLINGS took power in 1981 and banned political parties. After approving a new constitution and restoring multiparty politics in 1992, RAWLINGS won presidential elections in 1992 and 1996 but was constitutionally prevented from running for a third term in 2000. John KUFUOR succeeded him and was reelected in 2004. John Atta MILLS won the 2008 presidential election and took over as head of state, but he died in July 2012 and was constitutionally succeeded by his vice president John Dramani MAHAMA, who subsequently won the December 2012 presidential election.

Ghana's economy

Ghana's economy has been strengthened by a quarter century of relatively sound management, a competitive business environment, and sustained reductions in poverty levels. In late 2010, Ghana was recategorized as a lower middle-income country. 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 producing close to target levels. Additional oil projects are being developed and are expected to come on line in a few years. Estimated oil reserves have jumped to almost 700 million barrels and Ghana’s growing oil industry is expected to boost economic growth as the country faces the consequences of two years of loose fiscal policy, high budget and current account deficits, and a depreciating currency. President MAHAMA faces challenges in managing a population that is unhappy with living standards and that perceives they are not reaping the benefits of oil production because of political corruption.

Issues in Ghana

disputed maritime border between Ghana and Cote d'Ivoire Refugees and internally displaced persons: refugees (country of origin): 9,567 (Cote d'Ivoire; flight from 2010 post-election fighting); 5,249 (Liberia) (2013) Illicit drugs: illicit producer of cannabis for the international drug trade; major transit hub for Southwest and Southeast Asian heroin and, to a lesser extent, South American cocaine destined for Europe and the US; widespread crime and money laundering problem, but the lack of a well-developed financial infrastructure limits the country's utility as a money laundering center; significant domestic cocaine and cannabis use

Prices in Ghana
Meal in inexpensive restaurant6.51 USD
3-course meal in restaurant (for 2)55.3 USD
McDonalds meal6.58 USD
Local beer (0.5 draft)1.92 USD
Foreign beer (0.33 bottle) 3.31 USD
Cappuccino2.59 USD
Pepsi/Coke (0.33 bottle)1.31 USD
Water (0.33 bottle)0.95 USD
Milk (1l)2.6 USD
Fresh bread (500g)2.15 USD
White Rice (1kg)2.94 USD
Eggs (12) 2.53 USD
Local Cheese (1kg) 8.61 USD
Chicken Breast (1kg) 7.62 USD
Apples (1kg) 3.85 USD
Oranges (1kg) 2.91 USD
Tomato (1kg) 1.75 USD
Potato (1kg) 2.24 USD
Lettuce (1 head) 1.28 USD
Water (1.5l)0.87 USD
Bottle of Wine (Mid-Range) 8.05 USD
Domestic Beer (0.5 bottle)1.85 USD
Foreign beer (0.33 bottle) 3.11 USD
Cigarettes3.43 USD
One way local bus ticket0.81 USD
Monthly pass for bus110.7 USD
Taxi start1.84 USD
Taxi 1km2.41 USD
Taxi 1hour waiting5.15 USD
Gasoline (1 liter) 1.52 USD
Utilities for a "normal" apartment103.27 USD
Tennis Court Rent (1 Hour on Weekend) 8.98 USD
Apartment (1 bedroom) in City Centre 804.54 USD
Apartment (1 bedroom) Outside of Centre 352.75 USD

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