Ghana Country Environmental Analysis
Over the past 30 years, real GDP in Ghana has more than quadrupled, and in 2011 the country joined the ranks of Lower Middle-Income Countries (LMICs). Macroeconomic momentum has been driven in part by higher prices for Ghana’s main commodity export...
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/419871588578973802/Ghana-Country-Environmental-Analysis http://hdl.handle.net/10986/33726 |
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okr-10986-337262021-05-25T09:37:16Z Ghana Country Environmental Analysis World Bank NATURAL RESOURCE MANAGEMENT NATIONAL ENVIRONMENTAL ACTION PLAN ECOSYSTEM ACCESS TO DRINKING WATER LAND DEGRADATION ENVIRONMENTAL DEGRADATION AIR POLLUTION PLASTIC POLLUTION DEFORESTATION GOLD MINING FISHERIES CLIMATE CHANGE Over the past 30 years, real GDP in Ghana has more than quadrupled, and in 2011 the country joined the ranks of Lower Middle-Income Countries (LMICs). Macroeconomic momentum has been driven in part by higher prices for Ghana’s main commodity exports, gold and cocoa, and the start of commercial oil production. This fits an overall trend that has seen natural resource rents as a percentage of GDP more than double between 1990 and the present; approximately one-half of these rents come from non-renewable sources (oil, mineral, natural gas). Environmental unsustainability may impair Ghana’s economic growth, as demonstrated through two economic indicators. The first is national wealth, the measurement of a country’s assets in produced capital, natural capital (renewable and non-renewable), human capital, and net foreign assets, a gauge of growth sustainability. Between 2000 and 2014, Ghana saw total national wealth more than double. Growth is predicated on efficiently and sustainably managing natural capital, a fact which can be demonstrated through increase in its per capita value over time, and reinvesting proceeds into other forms of capital, primarily human (Lange et al., 2018). Yet, much of Ghana’s recent wealth growth came with liquidation of non-renewable assets and losses to renewable resources, as well as erosion of produced capital. Ghana’s high population growth makes this a pressing concern since existing capital stocks must be shared with younger and future generations. 2020-05-12T19:51:00Z 2020-05-12T19:51:00Z 2020-04 Report http://documents.worldbank.org/curated/en/419871588578973802/Ghana-Country-Environmental-Analysis http://hdl.handle.net/10986/33726 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Country Environmental Analysis Africa Ghana |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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English |
| topic |
NATURAL RESOURCE MANAGEMENT NATIONAL ENVIRONMENTAL ACTION PLAN ECOSYSTEM ACCESS TO DRINKING WATER LAND DEGRADATION ENVIRONMENTAL DEGRADATION AIR POLLUTION PLASTIC POLLUTION DEFORESTATION GOLD MINING FISHERIES CLIMATE CHANGE |
| spellingShingle |
NATURAL RESOURCE MANAGEMENT NATIONAL ENVIRONMENTAL ACTION PLAN ECOSYSTEM ACCESS TO DRINKING WATER LAND DEGRADATION ENVIRONMENTAL DEGRADATION AIR POLLUTION PLASTIC POLLUTION DEFORESTATION GOLD MINING FISHERIES CLIMATE CHANGE World Bank Ghana Country Environmental Analysis |
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Africa Ghana |
| description |
Over the past 30 years, real GDP in
Ghana has more than quadrupled, and in 2011 the country
joined the ranks of Lower Middle-Income Countries (LMICs).
Macroeconomic momentum has been driven in part by higher
prices for Ghana’s main commodity exports, gold and cocoa,
and the start of commercial oil production. This fits an
overall trend that has seen natural resource rents as a
percentage of GDP more than double between 1990 and the
present; approximately one-half of these rents come from
non-renewable sources (oil, mineral, natural gas).
Environmental unsustainability may impair Ghana’s economic
growth, as demonstrated through two economic indicators. The
first is national wealth, the measurement of a country’s
assets in produced capital, natural capital (renewable and
non-renewable), human capital, and net foreign assets, a
gauge of growth sustainability. Between 2000 and 2014, Ghana
saw total national wealth more than double. Growth is
predicated on efficiently and sustainably managing natural
capital, a fact which can be demonstrated through increase
in its per capita value over time, and reinvesting proceeds
into other forms of capital, primarily human (Lange et al.,
2018). Yet, much of Ghana’s recent wealth growth came with
liquidation of non-renewable assets and losses to renewable
resources, as well as erosion of produced capital. Ghana’s
high population growth makes this a pressing concern since
existing capital stocks must be shared with younger and
future generations. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Ghana Country Environmental Analysis |
| title_short |
Ghana Country Environmental Analysis |
| title_full |
Ghana Country Environmental Analysis |
| title_fullStr |
Ghana Country Environmental Analysis |
| title_full_unstemmed |
Ghana Country Environmental Analysis |
| title_sort |
ghana country environmental analysis |
| publisher |
World Bank, Washington, DC |
| publishDate |
2020 |
| url |
http://documents.worldbank.org/curated/en/419871588578973802/Ghana-Country-Environmental-Analysis http://hdl.handle.net/10986/33726 |
| _version_ |
1764479385453199360 |