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West African Bankers Association

Association des Banques d'Afrique de l'Ouest


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Guinea B.

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Nigeria

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WABA LEADERSHIP

WABA's executive secretariat is under the strategic leadership of the CEO ...read more


BOARD OF DIRECTORS

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Information on Ghana Information on the Economy of Ghana
List of Banks in Ghana How to create a company
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Ghana?

Located in Western Africa, Ghana has a 2,420.00 km border with Burkina Faso (602 km), Cote d'Ivoire (720 km) and Togo (1,098 km). It has a 539.00 km coastline. The country has disputed maritime borders between Ghana and Cote d'Ivoire.

 

Accra is the capital of Ghana. As of 2012, Accra had a population of 2.27 million. The city is a tourism hub for the country which hosts a variety of tourist attraction destinations such as the Black Star Square, Osu Castle, Labadi Beach Hotel, the National Museum, and Ussher Fort. Accra enjoys a tropical savanna climate. Its wettest months are April to mid-July while the hottest month is March. The city of Ghana has a rich culture and magnificent historical sites like James Fort.

 

Read more on Ghana's Capital

Ghana is an African country covering 238,533.00 km2 of which 4.61% is water and 227,533.00 km2 is land. This makes it the 80th largest country in the world and slightly smaller than Oregon. Its geographic coordinates are 8 00 N, 2 00 W and Accra is the capital city.

The name "Ghana" comes from the medieval West African kingdom of the same name.

Its ISO code is GH.

Geography

Ghana has a mean elevation of 190 m above sea level.

It has a tropical climate that is dry along the southeast coast and in the north, and humid in the southeast. Its terrain is mostly made up of low plains with a plateau in the south-central area.

Population

Ghana has a population of 26,908,262 making it the 48th largest in the world.

Asante, Ewe, Fante, Boron, and Dagomba all spoken; other languages are spoken by 31.2% of the population. The majority ethnic group is Akan, followed by Mole-Dagbon and Ewe. The majority of the country identifies as Christian.

 

Ghana is a multilingual nation with over 70 spoken languages and dialects. However, the lingua franca and official language used in the country is English. Linguistically, English belongs to the Indo-European languages. It uses the ISO basic Latin alphabet. Besides English, the popular native language in Ghana is Akan. About 47.5% of the total population of Ghana speaks Akan. In addition to Akan, other local languages include Dagbani, Fulani, Guan, Gurma, and Bissa. Examples of minority languages in the country are Chinese and Hindi. There are also sign languages for the deaf community in Ghana such as the Ghanaian Sign Language which is the American Sign Language.

 

Read more on Ghana's Languages

The dialing code for the country is 233.

Government

Ghana is an independent country. It gained independence from the United Kingdom in 1957. Its constitution was last ratified in 1992.

Ghana is a democratic republic led by a president. The president is the head of government, the state, and the commander-in-chief of the armed forces. The president leads with the support of a cabinet, parliament, and judiciary. Ghana has a multi-party political system. It holds elections every four years. The most recent elections were held on December 7, 2016. The president can be elected for a maximum of two terms. The official residence of the president is at Flagstaff House in Ghana’s capital of Accra. Parliament House is also situated in Accra at East Ridge.

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Economy

Factoring in Purchasing Power Parity, Ghana's GDP is $121,000,000,000.00 (USD) with $4,400.00 (USD) per capita. This makes it the 81st largest economy and its citizens the 167th richest in the world. The currency of Ghana is the Cedi (GHS).

Its major export partners are India, Switzerland, and China. Its main exports are oil, gold, cocoa, and timber. Its major import partners are China, Nigeria, and the Netherlands. Its major imports include capital equipment, refined petroleum, and foodstuffs.

Flag

The national flag of Ghana was adopted in 1957. An artist by the name Theodosia Okoh designed it. The flag consists of the colors red, green, and yellow. Additionally, there is a black star at the center of the yellow portion of the flag. The colors of the flag are Pan-African colors. The red color represents the blood shed by the people who struggled for the independence of Ghana. The yellow color symbolizes the minerals in the country while green is the vegetation. The flag is a national symbol of unity. It is also used by the air force during war or official duty.

Read more on Ghana's Flag

 

 

ANNUAL MEETINGS

WABA's Annual General Meeting creates platform for members to converge ...read more

TRAINING COURSES

Greater attention is being given to training on short courses. Register ...read more


Capital

Accra

Languages

Asante 16%, Ewe 14%, Fante 11.6%, Boron (Brong) 4.9%, Dagomba 4.4%, Dangme 4.2%, Dagarte (Dagaba) 3.9%, Kokomba 3.5%, Akyem 3.2%, Ga 3.1%, other 31.2%

Ethnic Groups

Akan 47.5%, Mole-Dagbon 16.6%, Ewe 13.9%, Ga-Dangme 7.4%, Gurma 5.7%, Guan 3.7%, Grusi 2.5%, Mande 1.1%, other 1.4% (2010 est.)

Religion

Christian 71.2% (Pentecostal/Charismatic 28.3%, Protestant 18.4%, Catholic 13.1%, other 11.4%), Muslim 17.6%, traditional 5.2%, other 0.8%, none 5.2% (2010 est.)

Government

Presidential republic

Independance

6 March 1957 (from the UK)

Area

238,533.00 km2

Water Area

11,000.00 km2

Land Area

227,533.00 km2

Population

  • 26,908,262.00

Location

Western Africa, bordering the Gulf of Guinea, between Cote d'Ivoire and Togo

No. Bordering Countries

3

Bordering Countries

Burkina Faso 602 km, Cote d'Ivoire 720 km, Togo 1,098 km

GDP(PPP)

$121,000,000,000.00 (USD)

GDP (Per Capita)

$4,400.00 (USD)

Export Partners

Its major export partners are India, Switzerland, and China.

Export Commodities

Its main exports are oil, gold, cocoa, and timber.

Import Partners

Its major import partners are China, Nigeria, and the Netherlands.

Import Commodities

Its major imports include capital equipment, refined petroleum, and foodstuffs.

Climate

Tropical; warm and comparatively dry along southeast coast; hot and humid in southwest; hot and dry in north

Terrain

Mostly low plains with dissected plateau in south-central area

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Ghana

 

About WABA


     
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Our Mission and Objectives

 

What We Do at WABA
Our Leadership and Governance

 

     

The West African Bankers Association's mission is "to develop, promote, generate, coordinate and drive cross border banking and financial transactions that will enhance regional trade, economic and financial integration and development." ...read more

WABA creates avenues for the revision and exchange of information on banking practices in the sub-region in particular and in Africa in general, and a forum for the discussion of common problems. The enhancement of the promotion and strengthening of ...read more

WABA comprises 3 organs namely; The Secretariat, The Executive Council and the General Assembly, including the Executive Management, and the Board of Directors. The Secretariat is run by the Secretary General who is the Chief Executive Officer. ...read more

 
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