Ghana’s trading access to other African nations is expected to increase significantly in the coming years, especially as African nations move toward implementation of the African Economic Community, established by African heads of state and government in 1991. The AEC will take effect in 2025.
Ghana is gifted with extraordinary natural resources including immense agricultural, mining and human resources. Gold recently replaced cocoa as the country primary export and the liberalization of the mining industry in 1987 brought in notable strategic investors such as de Beers, Lonrho, and others from the United States, Canada, Australia, South Africa and the UK. The country also possesses an industrious and well-educated workforce and there is a strong primary, secondary and higher education infrastructure. The literacy rates average is 53 percent, one of the highest on the continent..
A notable fact is that Ghana is the only country in the Sub-Saharan African region to have successfully staged six consecutive multi-party elections. This is a testament of its sound political stability. It has earned its status as ‘The Gateway’ to the West African region.