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The rebase moved Ghana into middle income status and it placed the country as the third largest in the ranking of GDP per person in West Africa behind Cape Verde and Nigeria. After the changes in statistics, the service sector became the largest sector of Ghana's economy with a share of 51%.
The gross rental income tax of Ghana is withheld at 10%, capital gains are taxed at 15% with a 5% gift tax imposed on the transfer of properties and Ghana's real estate market is divided into 3 areas: public sector real estate development, emerging private sector real estate development, and private individuals.
These have some negotiating power with the government, but are not allowed to call out strikes. In 1985, the TUC and several public sector workers' associations founded the National Consultive Forum of Ghana Labour (NFGL). It does negotiate on behalf of its members, but provides a means of communication for the member organizations. [2]
Ghana's economy is one of the strongest and most diversified in Africa, following a quarter-century of relative stability and good governance. [2] Ghana's growing economic prosperity and democratic political system have made it a regional power in West Africa. [3]
The Accra Mall remains Ghana's prime supermarket. The mall, which started operations in the 2008, [2] sought to improve the Ghanaian shopping experience. It is located on the Spintex Road adjacent the Tema Motorway. Other major supermarkets include Melcom. [3] The company was established in 1989 and its primary shop was opened in Accra Central ...
The Ghana Trades Union Congress is a national centre that unites various workers' organizations in Ghana. [ 1 ] [ 2 ] The organization was established in 1945. [ 2 ]
The moves were aimed at relieving the unemployment created by the country's precarious economic situation. The policies were popular because they forced out of the retail sector of the economy those foreigners, especially Lebanese, Asians, and Nigerians, who were perceived as unfairly monopolizing trade to the disadvantage of Ghanaians.
The 26th National Farmers' Day of the 2010 Ghana-KITA Best Institution Award in Ashanti Region. Agriculture in Ghana consists of a variety of agricultural products and is an established economic sector, providing employment on a formal and informal basis. [1] [2] It is represented by the Ministry of Food and Agriculture. [3]