Ghana has always been known for it gold production since the colonial times, but slowly other sectors have also started to rise. This has caused by the stability in economy brought by effort and policies of its government. According to the World Bank, Ghana is a Middle Income Economy and has more than twice the per capita output then other western African countries.
Ghana is among the fastest growing economy of Africa, it major exports are gold, timber, cocoa, diamond, bauxite, manganese. Ghana is second largest producer of cocoa in the world and second largest producer of gold in Africa.
Petroleum was discovered in Ghana in 1970s, and the production has been increasing steadily. An oilfield which is reported to contain up to 3 billion barrels of light oil was discovered in 2007.
Years 2009 to 2011 has seen significant increase in FDI to GDP ratio with mining sector receiving more than US$ 2 bn FDI.
According to the UNCATD World Investment Report, 2012, Ghana is among the best countries in African region to start business, based on ease of getting permits, credits, infrastructure etc.