Ghana is considered one of the more stable countries in West Africa since its transition to multi-party democracy in 1992.
Formerly known as the Gold Coast, Ghana gained independence from Britain in 1957, becoming the first sub-Saharan nation to break free from colonial rule.
Gold, cocoa and more recently oil form the cornerstone of Ghana’s economy and have helped fuel an economic boom.
The country is named after the great medieval trading empire that was located northwest of the modern-day state until its demise in the 13th century.
FACTS
Republic of Ghana
Capital: Accra
- Population
30.8 million
- Area
238,533 sq km (92,098 sq miles)
- Major languages
English, local languages including Akan, Ga, and Ewe among others
- Major religions
Christianity,Islam, indigenous beliefs
- Life expectancy
64 years (men), 66 years (women)
- Currency
Cedi
UN, World Bank
LEADER
President: Nana Akufo-Addo
Nana Akufo-Addo won the presidential election in December 2016, tapping into an electorate fed up with a sputtering economy and ready for change.
The erudite 72-year-old human rights lawyer won 53.8% of the vote, according to the country’s election agency, and incumbent John Mahama conceded defeat after a hotly contested race that was seen as a test of the country’s democracy in a region plagued by dictators and coups.
President Akufo-Addo won re-election in December 2020, again defeating John Mahama.
MEDIA
Ghana enjoys a high degree of media freedom, and the private press and broadcasters operate without significant restrictions.
Radio is Ghana’s most popular medium, although it is being challenged by increased access to TV.
TIMELINE
Some key dates in Ghana’s history:
1482 – Portuguese settlers arrive and begin trading in gold, ivory and timber with various Akan states.
1500s – Slave trade: Slavery overtakes gold as the main export in the region.
1600s – Dutch, English, Danish, and Swedish settlers arrive; slave trade becomes highly organised.
1642 – The Portuguese relinquish their territory to the Dutch and leave the Gold Coast.
1807 – British dominance: British ban on slave trade from the Gold Coast becomes effective.
1874 – The Gold Coast is officially proclaimed a British crown colony.
1957 – Independence: Ghana becomes first black African colony to declare independence.
1964-1992 – Military rule: Succession of destabilising coups, Ghana is predominantly a one-party state.
1992 – New constitution, multi-party system is restored.
2010 – Offshore oil production starts, fuelling Africa’s fast-growing economy.
A chronology of key events:
12th century – Various states established by the Akan people emerge and develop the gold trade.
1482 – Portuguese and later other European states set up posts to trade gold with the various Akan states.
1874 – British proclaim coastal area a crown colony.
Late 1400s – mid-1800s – Millions of West Africans are captured and sent as slaves to the Americas and the Caribbean.
1925 – First legislative council elections take place.
1948 – Rioting after British colonial police kill three Ghanaian Second World War veterans during a protest march demanding compensation for their war service. It becomes a milestone in Ghana’s struggle for independence.
1957 – Independence for the state now called Ghana, the first country in black sub-Saharan Africa to shake off colonial rule, inspiring liberation struggles around the continent. Kwame Nkrumah is prime minister.
1960 – Ghana proclaimed a republic; Nkrumah elected president.
1964 – Ghana becomes a one-party state.
1966 – Nkrumah overthrown in military coup; Russian and Chinese technicians expelled.
1969 – New constitution facilitates transfer of power to civilian government led by Kofi Busia.
1972 – Mr Busia ousted in military coup led by Colonel Ignatius Acheampong.
1978 – Colonel Acheampong forced to resign; General Frederick Akuffo takes over.
Rawlings era
1979 – General Akuffo deposed in coup led by Flight Lieutenant Jerry Rawlings. He and former leader Ignatius Acheampong are executed.
1979 September – Lt Rawlings hands over power to an elected president, Hilla Limann.
1981 – President Limann ousted in military coup led by Flt Lt Rawlings after two years of weak government and economic stagnation.
1983 – FLT Lt Rawlings adopts free-market economic policies, abolishing subsidies and price controls, privatising many state enterprises and devaluing the currency.
Rawlings elected as president
1992 – Referendum approves new constitution introducing a multiparty system. Flt Lt Rawlings elected president.
1994 – One thousand people are killed and a further 150,000 are displaced in the Northern Region following ethnic clashes between the Konkomba and the Nanumba over land ownership.
Kufuor elected
2000 – December – John Kufuor beats Vice-President John Atta Mills in the presidential election.
2001 February – Petrol prices rise by 60% following the government’s decision to remove fuel subsidies.
2001 April – Ghana accepts debt relief under a scheme designed by the World Bank and the IMF.
2002 April – State of emergency is declared in the north after a tribal chief and more than 30 others are killed in clan violence. State of emergency is lifted in August 2004.
2003 October – Government approves merger of two gold-mining firms, creating new gold-mining giant.
Oil discovered
2007 June – Major off-shore oil discovery announced. President Kufuor says oil will turn Ghana into an “African tiger”.
2007 September – The worst floods for more than 30 years cause widespread devastation, destroying much of the annual harvest.
Atta-Mills elected president
2008 December – John Atta Mills elected president.
2009 July – Ghana secures a $600m three-year loan from the International Monetary Fund.
President Mills ceremonially launches Ghana’s oil production
2010 December – Offshore oil production begins.
2011 July – President John Atta Mills chosen as ruling National Democratic Congress party’s candidate for the 2012 presidential election, defeating Nana Konadu Agyemang-Rawlings, wife of former President Jerry Rawlings.
2012 June – Thousands are displaced by communal violence in the east, sparked by the exhumation of the body of a Muslim cleric.
2012 July – President Mills dies, and is succeeded by John Mahama.
Mahama elected president
2012 December John Mahama elected president
2013 Authorities arrest hundreds of Chinese and other migrants are working in unlicensed gold mines. The government says around 4,700 illegal miners, most of them Chinese, were deported in 2013.
2014 July – Thousands take to the streets to protest against the government’s alleged mishandling of the economy.
2015 December – Twenty judges are sacked after being implicated in a high-profile bribe-taking scandal.
2017 January – Opposition Candidate Nana Akufo-Addo sworn in as president after beating incumbent John Mahama in an election fought mainly on the country’s faltering economic performance.
2017 October – Ghana and Ivory Coast set up a commission to implement an international ruling on a maritime border dispute involving oilfields.
Financial sector clean up commences.
2018
Menzgold folds up.
Referendum on the creation of six new regions.
Amissah-Arthur, Kofi Annan die.
2019
Six new regions created.
Lengthy Dagbon conflict resolved; new Yaa Naa enskinned.
Revocation of licenses of 347 microfinance companies, 53 fund managers.
The Year of Return
2020
The Right to Information (RTI) Act comes into effective January.
First local case of COVID-19 detected.
Lockdown announced and enforced.
November – Former Pres. Rawlings dies.
December – President Akufo-Addo wins re-election, although opposition candidate and former president John Mahama alleges fraud.
‘Hung’ Parliament.
2021
AfCfTA officially commences.
Ghana was elected to serve a two-year term on the UN Security Council as a non-permanent member.
Population census.
E-Levy announced.
2022
E-Levy implemented
Apiate explosion.
July – 17th return to IMF
Majority MPs faction turn on Finance Minister.
November –Inflation races past 50 percent.
December – Staff Level Agreement with IMF reached.
December – DDEP announced.
2023
DDEP concluded.
Pensioner Bondholders protest.
IMF ECF deal reached.
IMF first tranche disbursed.
