COUNTRY FACT SHEET Location: West Africa – borders/countries: Burkina Faso 549 km, Côte d’Ivoire 668 km, Togo 877 km, and Gulf of Guinea 539 km Area: Total: 239,460 sq km; land: 230,020 sq. km; water: 8,520 sq. Km Land/use: Arable land: 16%; permanent crops: 7%; other: 77% (2001) Population/people: 21,377 million (2004) Independence: 6 March 1957 (from Britain) Constitution: Approved on 28 April 1992 and came into force on 7 January 1993 Legal system: Based on English common law and customary law; has not accepted compulsory International Court of Justice jurisdiction Political governance: Type of government: Constitutional democracy President: John Agyekum KUFUOR (7 January 2001) Cabinet: Ministers appointed by the President Elections: Last held 7 December 2004 (next in December 2008) Election results: John Agyekum KUFUOR re-elected as President Percentage of vote: John KUFUOR 53.4%, John Atta MILLS 43.7% Economy: GDP purchasing power parity: US$ 48.27 billion (2004 est.) GDP per capita: US$ 434 (2004 est.) (source: Bank of Ghana) GDP growth: 5.4% (2004 est.) GDP composition: Agriculture (34.3%), industry (24.2%), services (41.4%) (2004 est.) Budget: Revenues: US$2.17 billion; expenditures: US$ 2.56 billion, including capital expenditure (2004 est.) Trade: Exports: US$ 3.01 bn f.o.b. (2004 est.); imports: US$ 3.699 bn f.o.b. (2004 est.); current account balance: US$ 83.87 mn (2004 est.) Import partners: Nigeria 21.3%, China 8.7%, UK 6.7%, US 5.6%, Germany 4.4%, France 4.2% (2003) Exchange rate: Cedis per US dollar: 9,064.25 (2004); 7,932.7 (2003); 7,932.7 (2002); 7,170.76 (2001); 5,455.06 (2000)