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It is rich in natural resources which include gold, timber, cocoa, diamonds, bauxite, manganese, and oil which was recently discovered there. It has one of the highest gross domestic product (GDP) per capita in Africa and its exports are a major source of foreign exchange. It has a labor force of 10.87 million 40% of which is in industry and services, and an unemployment rate of about 20%. Ghana remains one of the more economically sound countries in all of Africa. For the purposes of this paper all denominations will be in U.S. currency ($).
The United Kingdom based mobile telecommunications corporation Vodafone Group recently made a bid to aquire a 70% stake in Ghana Telecom for $900 million while the Ghanaian government will retain a 30% stake...
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