Ghana’s legal system is based on British common law and local customary law. The economy of Ghana has a GDP of USD 73 billion, driven by the services sector, agriculture and industry. Ghana recorded inflation of 12.75% at the end of 2021. Meanwhile, a decline in stability of its currency, the cedi, and the effect of covid and the Russian war has led to a recent rise in inflation.

Ghana, a western African country and the second-most populated country after Nigeria in West Africa, is located on the coast of the Gulf of Guinea. It shares borders with Ivory Coast in the West, Burkina Faso in the North and Togo in the East and also covers an area of 238,535 km2. It is the first sub-Saharan African country to gain independence from the British Colonial rule in 1957. Currently, the country has population of 30.8 million and estimated nominal GDP of USD 74.26 billion as of 2021.

 Ghana’s economy is made up of the services, industrial and agricultural sector. Generally, the performance of the Ghanaian economy has been quite strong over the years, due to the implementation of market-led policies and large inflows of aid and the super-injection of foreign capital that triggered increased levels of investment, particularly infrastructure and employment, in the public sector, private sector and the agricultural industry.

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