Ghana: Becoming a Middle-Income Country by 2020

Author:
International Monetary Fund
Publisher:
International Monetary Fund
Publication Date:
24 November 2010
Tags:
Ghana, Petroleum, Health and Medicine, Environment

Ghana is in sight of an ambitious milestone—becoming a middle-income country by 2020. If used strategically, the 2007 discovery of sizable offshore oil reserves would be the catalyst to propel Ghana's economy toward that major achievement. Experts agree that achieving middle-income status within ten years is technically feasible, but a great deal of discipline and determination will be required by both Ghana's government and its people.

The film discusses how Ghana has been managing its economy, why it needed a loan from the IMF, and what it will take to make the most of the oil discovery.

"We look at oil as a second opportunity being given to this country." -Fiifi Kwetey, Finance Minister of Ghana.

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