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Investor Presentaiton

Ghana Faced Hurdles Following Transition to Lower- Middle-Income-Country (LMIC) Status World Bank Country Classification by Income below $1,005 Low income countries (LICS) Lower middle income (LMICs) Upper Middle Income (UMICS) High Income (HICS) between $1,006 - $3,975 $3,976 $12,275 $12,276 or higher In 2010, Ghana transitioned to LMIC status following rebasing of GDP "The combination of Ghana's rapid economic growth and the recent GDP rebasing exercise means that Ghana suddenly finds itself above the income limit for IDA eligibility... Perhaps the most obvious and predictable impact of Ghana's new middle-income status will be a gradual loss of access to concessional financing, particularly from the World Bank's IDA. IDA is currently Ghana's single largest donor..." Todd Moss and Stephanie Majerowicz Center for Global Development No Longer Poor: Ghana's New Income Status and Implications of Graduation from IDA GDP per Capita (Current USD) 2,000 GDP (Current USD bn) 60 1,800 1,600 1,400 50 40 660 40 2010 1,200 1,000 50 30 800 2011 Summary of Key Events GDP rebasing-> Transition to LMIC · SSSS Implementation commences Oil Production Commences 20 600 20 400 10 200 2012 IMF ECF Programme ends 0 Twin Deficits Experienced 2006 2007 2008 2009 2010 2011 2012 2013 CO 6
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