Sign Up

Have an account? Sign In Now

Sign In

Forgot Password?

Don't have account, Sign Up Here

Forgot Password

Lost your password? Please enter your email address. You will receive a link and will create a new password via email.

Have an account? Sign In Now

Sorry, you do not have a permission to ask a question, You must login to ask question.

Forgot Password?

Need An Account, Sign Up Here
Sign InSign Up

asquestions

asquestions

asquestions Navigation

  • Home
  • About Us
  • Browse By Category
    • Agriculture
    • Animal & Pet
    • Cities
    • Education
    • Finance
    • Health
    • Insurance
    • Lifestyle
    • Location
    • Real Estate
    • Science & Technology
    • Travel
    • Work
  • Communities
  • Contact Us
Search
Ask A Question

Mobile menu

Close
Ask a Question
  • ABOUT US
  • CONTACT US
  • DISCLAIMER
  • PRIVACY POLICY
Home/Questions/Q 522
Next
In Process
Mercy
Mercy

Mercy

  • 14 Questions
  • 15 Answers
  • 4 Best Answers
  • 84 Points
View Profile
  • 0
MercyGraduate Teaching Assistant
Asked: September 13, 20202020-09-13T20:46:52+00:00 2020-09-13T20:46:52+00:00In: History

is ghana a developing country

  • 0

How is Ghana classified in development status or in terms of development.

ghana
  • 1 1 Answer
  • 654 Views
  • 0 Followers
  • 0
Answer
Share
  • Facebook

    Related Questions

    • What is the meaning of Ghana?
    • Why Is Socialism A Better Economic Idea?
    • Is Ghana democratic?
    • What is a person from Ghana called?
    • What language do Ghanaians speak?

    1 Answer

    • Voted
    • Oldest
    • Recent
    1. Mercy

      Mercy

      • 14 Questions
      • 15 Answers
      • 4 Best Answers
      • 84 Points
      View Profile
      Mercy Graduate Teaching Assistant
      2020-09-14T22:22:27+00:00Added an answer on September 14, 2020 at 10:22 pm
      is ghana a developing country

      is ghana a developing country

      YES, Discuss two reasons why Ghana is regarded as a developing country.

      Per Capita Income

      Gross domestic product (GDP) describes the market value of all goods and services produced in a country. Per capita GDP refers to the above population of the country. According to sources, the per capita GDP of developed countries averages $ 12,000. GDP, the capital of Ghana, in 2017 was 64,641.

      Life Expectancy

      Describes the longevity of a country’s population. Life expectancy in developed countries is 76 to 82 years. Life expectancy in Ghana is only about 63 years. It’s a little …

      THE WORLD BANK IN GHANA REVIEW

      Ghana is part of Togo, Ivory Coast and Burkina Faso in the Atlantic Ocean. It has a population of approximately 29.6 million (2018). It has expanded significantly over the past two decades, with democracy gaining public confidence in a multi-party system and an independent judiciary. Ghana is one of the top three countries in Africa with free speech freedom and strong media, and radio is the way to achieve that. Such things bring a lot of social unity to Ghana.

      Two-and-a-half years after being elected president in a peaceful election, President Akufo-Ado has shown some success in delivering on some of his promises of food security, employment, and secondary education. It also faces challenges in setting up institutions in 216 areas of the country and fulfilling some electoral promises, including one water for each community and secondary education.

      Growth and the economy recently

      Recent progress. Ghana’s economy is expected to grow in 2019. The country’s first gross domestic product (GDP) is projected to grow at 6.7 per cent, compared to 5.4 per cent in the same period last year. Rising oil prices were also strong at 6.0 per cent. The three-month growth forecast was bolstered by a strong recovery in the services sector, which grew by 7.2 per cent compared to 1.2 per cent in 2018.

      Despite the challenges in implementing the monetary policy, the government continued its efforts to provide financial assistance in 2019. The first in 2019. Half-yearly economic figures show a budget (in cash) of 3.9 per cent of GDP. This is due to a deficit of 1.6% of GDP, which is more than 1% of GDP.

      Credit card companies are becoming more and more supportive of well-paid bank branches. In the first 2019. For months, the statistics have been on the rise; Gradually it rose from 9% in January. In 2019, it was 9.5%. However, in April 2019, it dropped to 9.1 per cent. June is mainly food inflation.

      Ghana’s current 2019 figures for the first half of this year will be 0.1% of GDP, supported by favourable trade conditions for Ghana’s three major oil, oil, gold and cocoa exports, leading to a trade deficit. 2.8% of GDP. The current account deficit and large capital and capital inflows account for 1.9% of investment’s GDP. It is expected in 2019. March. Following the issuance of a $ 3 billion Eurobond in 2019. The global economy will grow significantly in 2019. 8.6 billion by the end of June. Dollar Total International Reserve (GIR).

      Ghana side due to high demand that importers want to relocate in 2019. The housing market remained calm in the second quarter despite strong pressure in the 15th quarter. By 2019, inflation was down to 8.2 per cent. July 18

      LoTlook: This is expected in 2019. Economic growth will be 7.6 per cent. The government expects non-oil growth to slow to 6 per cent by launching government innovation initiatives in the agricultural sector and promoting agribusiness. In the medium term, inflation is expected to remain at 6-10% by the middle of the week.

      Monetary policy is expected to ease in 2019, with the total budget at 4.5% of GDP in 2019. In the medium term, it will be 5% of the economic framework. GDP.

      Risks and Challenges: Continue making budget decisions and stay on track until 2020. Elections will be a challenge for the next two years. In addition, Ghana’s energy sector is unsafe and irreversible, causing serious economic problems in the years to come. The sector expects higher costs for electricity and gas supply, which further widens the investment gap. Energy Sector Recovery Program (ESRP) launched in 2019. The government plans in May to restore the economic balance to the region over the next five years.

      SOURCE:worldbank.org, enotes.com

      • 0
      • Share
        Share
        • Share on Facebook
        • Share on Twitter
        • Share on LinkedIn
        • Share on WhatsApp

    You must login to can add an answer.

    Forgot Password?

    Sidebar

    Stats

    • Questions 1k
    • Posts 173
    Ask A Question

    Browse By Category

    • Agriculture
    • Animal & Pet
    • Cities
    • Education
    • Finance
    • Health
    • Insurance
    • Lifestyle
    • Location
    • Real Estate
    • Science & Technology
    • Travel
    • Work

    Related Questions

    • Asquestions Author

      What is the meaning of Ghana?

      • 0 Answers
    • Casper

      Why Is Socialism A Better Economic Idea?

      • 0 Answers
    • Casper

      Is Ghana democratic?

      • 0 Answers
    • Casper

      What is a person from Ghana called?

      • 0 Answers
    • Casper

      What language do Ghanaians speak?

      • 0 Answers

    Recent posts

    • Asquestions Author

      7 Superb Yard Canine Kennel Concepts

      • 0 Comments
    • Asquestions Author

      Animals Name In Hindi And English

      • 0 Comments
    • Asquestions Author

      Past Continuous Tense In Hindi To English With Examples, Exercises

      • 0 Comments
    • Asquestions Author

      Does It Snow In France? – Everything You Need To

      • 0 Comments
    • Asquestions Author

      Does it snow in Buffalo? – Well Explained

      • 0 Comments

    Explore

    • Recent Questions
    • Questions For You
    • Recent Posts
    • New Questions
    • Favorites Questions
    • Most Visited Posts
    • Agriculture
    • Accounting
    • Animals
    • Business
    • Company
    • Education
    • Entrepreneurship
    • Health
    • Investment
    • Technology
    • Mtn
    • Snowing

    Footer

    • ABOUT US
    • CONTACT US
    • DISCLAIMER
    • PRIVACY POLICY

    © 2020 Asquestions.com All Rights Reserved