Ghana ranked seventh wealthiest African country
Ghana has been ranked the seventh wealthiest country in Africa with a total wealth of 63 billion dollars (US$bn 63) as of December 2017.
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Ghana's capital city Accra also maintained its 2017 ranking as the 10th wealthiest African city with a current total wealth of US$38 billion in the report. "Major sectors in the city include basic materials, manufacturing
The country was also found to have a wealth per capita of $2,500 which was dwarfed in comparison to Mauritius ($32,700), South Africa ($12,900) and Namibia ($12,600).
The report defines total wealth as private wealth held by all the individuals living in each country. It includes all their assets such as property, cash, equities
South Africa (1st), Egypt (2nd), Nigeria and Morocco (3rd) were ranked the top three wealthiest nations on the resource-rich African continent with US$722 Billion, US$330 Billion, US$253 Billion and US$122 Billion respectively.
The report projected that the total private wealth in the continent will rise by 34
“We expect Mauritius, Ghana, Rwanda
South Africa, Angola, Morocco, Egypt, Ivory Coast, Tanzania
The AfrAsia Bank Africa Wealth Report 2018 provides insights gathered by, New World Wealth, on wealth trends in Africa over the past 10 years, with projections for the next 10 years. The report also provides comprehensive wealth breakdowns for 17 African countries and 23 African cities.
Total individual wealth held in Africa currently amounts to around US$2.3 trillion. This figure is expected to rise by 34% over the next 10 years, reaching US$3.1 trillion by the end of 2027. The likes of Mauritius, Ghana, Rwanda