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Ghana's drylands in the northern Sudanese and Guinea savannah regions are especially at risk from erosion; in these areas, land deterioration is known as "desertification." The risk of desertification is present on about 35% of Ghana's land. An estimated $1.4 billion, or 6% of Ghana's GDP, is lost to land degradation each year in the country. [3]
The second cedi was initially pegged to sterling at a rate of ₵2 = £1. However, within months, the second cedi was devalued to a rate of ₵2.45 = £1, less than the initial value of the first cedi. This rate was equivalent to ₵1 = 0.98 U.S. dollars and the rate to the dollar was maintained when sterling was devalued in November 1967 ...
The transfer rate is 1 Ghana Cedi for every 10,000 Cedis. Ghana became the largest gold-producing country in Africa after overtaking South Africa in 2019. [29] The country is also the second-largest cocoa producer (after Ivory Coast). [30] Ghana is rich in diamonds, manganese or manganese ore, bauxite, and oil. Most of its debt was cancelled in ...
The Densu River is a 116 km long river in Ghana rising in the Atewa Range. [2] It flows through an economically important agricultural region, supplies half the drinking water to Ghana's capital city of Accra. The river ends in an ecologically significant wetland delta [3] on the coast of the Atlantic Ocean. [4]
Ghana Water had requested a 400% tariff increase to fully cover costs, but the regulator had pared down the request substantially, citing concerns about affordability. [4] Between 1990 and 1997, the average water tariff in Ghana's urban areas had been in the range of US$0.10 to US$0.15 per m³. [82] [83]
(Bloomberg) -- Africa’s second-most aggressive monetary authority after Zimbabwe is set to show Ghana’s resolve once again by raising interest rates at its final meeting of the year to boost ...
The Tema Harbour and Port of Tema is undergoing an expansion and investment of $115 million in infrastructural upgrading at the Tema harbour and port of Tema as part of efforts aimed at expanding facilities of Tema port to meet decreasing cargo traffic by the Ghana Ports and Harbours Authority (GPHA); and in which the expansion and investment will go into the purchase and instalment of cranes ...
(Bloomberg) -- Ghana’s central bank is caught between cutting interest rates to boost the economy and running the risk of weakening the currency, which could drive up inflation and spook ...