Economy of Ghana

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/economy-of-ghana

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What money is used in Economy of Ghana?July 2007, with a conversion rate of 1 GH₵ = 10,000 ₵
2. What is the key export commodities?Gold, cocoa beans, oil, diamonds, manganese, bauxite
3. What is the IMF program engagement?Secured an extended credit facility of $920 million in April 2015
4. What are the main things Ghana sells to make money?Ghana sells gold, cocoa beans, and other minerals like diamonds, manganese, bauxite, and oil.
5. Why is Ghana the biggest gold producer in Africa?Ghana became Africa's largest gold producer in 2019, beating other countries that had led for many years.

Hydrocarbons: Organic compounds containing primarily carbon and hydrogen, such as oil and natural gas.
Industrial Minerals: Minerals used in industry, such as bauxite for aluminum and manganese for steel.
International Monetary Fund (IMF): An international organization that works to foster global monetary cooperation and financial stability.