Economy of Ghana
Ghana has a developing mixed economy. Based on International Monetary Fund estimates, it is the 73rd-largest economy in the world and the 10th-largest economy in Africa by nominal gross domestic product. By purchasing power parity, it ranks 67th globally and 9th in Africa. Ghana's economy is led by the services sector, followed by industry and agriculture. Recent economic growth has been supported by services, a recovery in agriculture, strong gold exports, and improved macroeconomic conditions. Although agriculture accounts for a smaller share of output than services or industry, it remains an important source of employment, while services account for the largest share of total employment. Ghana undertook a currency redenomination in July 2007, replacing the old cedi with the Ghana cedi at a rate of 10,000 old cedis to one Ghana cedi. Ghana is one of Africa's largest commodity exporters. It is Africa's leading gold producer and also produces cocoa, manganese ore, bauxite, diamonds, and...
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