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Investor Presentaiton

Improving External Sector Performance and Outlook 2015 Trade Deficit due to Fall in Commodity Prices Imports f.o.b --Trade Balance/GDP (%) Exports f.o.b 12.8 13.6 13.8 13.2 10.4 8.0 5.8 Current Account Deficit (% GDP) Stabilizes 2010 â– Current Account Deficit (% GDP) 2011 2012 2013 2014 2015 -5.6 -7.7 -7.9 -9.2 -10.2 -3.6 -10.9 (8.0) (7.8) (10.9) (8.6) (14.6) (14.3) (9.0) (9.5) (15.8) (17.8) (17.6) 2009 2010 2011 2012 2013 2014 2015 (11.8) (11.7) Improving Gross Foreign Assets Position Gross Foreign Assets (US$ millions) 5,452 5,632 5,442 5,885 5,461 4,645 2010 2011 2012 2013 2014 2015 FDI Resilient to Macroeconomic Challenges Indicating Investors Long-Term View on Ghana FDI --FDI (% of GDP) Economy Economic Freedom Rank Sub Saharan Africa Rank 3,508 3,222 3,293 3,357 Mauritius 10 1 3,226 3,102 Botswana 36 2 2,856 8.7% Cape Verde 60 3 8.4% 8.5% 8.6% 8.2% 7.9% Rwanda 65 4 Ghana 71 South Africa 72 56 6.6% Madagascar 79 7 Swaziland 91 8 Uganda 92 9 Namibia 93 10 2011 2012 2013 2014 2015p 2016p 2017p Sources: Bank of Ghana, Heritage Foundation Index of Economic Freedom 2015 Ghana's scores on third party rankings for economic freedom have been improving over the past 5 years. Notably, Ghana's scores have improved for control of government spending, freedom from corruption and monetary freedom 11
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