Ghanaian Stock Exchanges
Ghana has an abundance of natural resources, and a large percentage of the population are farmers. The biggest agricultural products produced in the country are cocoa and cocoa products, timber, coconuts, shea nuts and coffee. Ghana also exports other agricultural products such as pineapples, cashews and pepper. Minerals that are mined and exported include gold, diamonds, bauxite and manganese ore. Ghana’s only commercial oil well was shut down after seven years and now the country is looking into the use of natural gas as an alternative power source as well as searching for other sources of oil and gas. Tourism also contributes to the local economy in a big way, making it the third largest foreign income earner. Because of this, the local government not only supports tourist activity but is striving to develop it further.
Currently Ghana’s GDP is fairly well divided between the three different sectors. While agriculture accounts for 38.8%, industry accounts for 24.6% and services for 37.7%. Imports and exports continue to make a significant contribution to the country’s economy with the Netherlands, United Kingdom, Nigeria and China being its main trade partners, although it also conducts business with France, Germany, Japan, Italy, Turkey, the US, and South Africa. The Ghana Stock Exchange plays an integral role in the economy of the country.