Takoradi | Ghana
The chief industries in Sekondi-Takoradi are timber, cocoa processing, plywood, shipbuilding, its harbour and railway repair, and recently, sweet crude oil and crude oil.The fundamental job in Sekondi-Takoradi is fishing. Sekondi-Takoradi lies on the main railway lines to Kumasi and Accra.
Sekondi-Takoradi has plenty of beaches, however they are not a major tourist attraction. Many beaches are also found to the west of Takoradi, with small resorts such as Fanta's Folly, The Hideout, and Green Turtle Lodge with larger ones such as Busua Beach, Lou Moon Lodge and Axim Beach Resort and also amazing places to eat such as Paragon Bar and Grill. It also has an annual street carnival, which is popular with tourists. There is also the village of Nzulezu which is a popular tourist site, in the Western Region.
Takoradi has a well-equipped technical training centre (Takoradi Technical Institute, TTI, 1,400 students in two shifts) assisted by the German government through GTZ/GOPA. Apart from TTI, Takoradi has a polytechnic and other renowned secondary schools including Ghana Secondary Technical School, St. Mary Secondary School, Bompeh Secondary School, Takoradi Secondary School and many others. Sekondi-Takoradi has many internet cafés and computer training centres to encourage familiarity with computers and acquire computer skills.
The Western Regional Library was established in Sekondi in 1955.
The Sekondi Takoradi Metropolitan Assembly is one of the eighteen (18) districts of Ghana in the Western Region of Ghana. The capital is Sekondi-Takoradi, which is also the capital of the Western Region, Ghana.
The Western Region is located in south Ghana, spreads from the Ivory Coast border in the west to the Central region in the east, includes the capital and large twin city of Sekondi-Takoradi on the coast, coastal Axim, and a hilly inland area including Elubo. It includes Ghana's southernmost location, Cape Three Points, where crude oil was discovered in commercial quantities in June 2007. The Western Region enjoys a long coastline that stretches from South Ghana's border with Ivory Coast to the Western region's boundary with the Central Region on the east.
The Western Region has the highest rainfall in Ghana, lush green hills, and fertile soils. There are numerous small and large-scale gold mines along with offshore oil platforms dominate the Western Region economy.
The culture is dominated by the Akans; the main languages are Akan, French and English.
Ghana is used as a key narcotics industry transshipment point by traffickers, usually from South America as well as some from other African nations. "West Africa is completely weak in terms of border control and the big drug cartels from Colombia and Latin America have chosen Africa as a way to reach Europe."
There is not a wide or popular knowledge about the narcotics industry and intercepted narcotics within Ghana itself, due to the industry's operations and involvement in the underground economy. The social context within which narcotic trafficking, storage, transportation, and repacking systems exist in Ghana and the state's location along the Gulf of Guinea within the Atlantic Ocean – only a few degrees north of the Equator – makes Ghana an attractive country for the narcotics business.
The Narcotic Control Board (NACOB) has impounded container ships at the Sekondi Naval Base in the Takoradi Harbour. These ships were carrying thousands of kilograms of cocaine, with a street value running into billions of Ghana cedis. However, drug seizures saw a decline in 2011.
Drug cartels are using new methods in narcotics production and narcotics exportation, to avoid Ghanaian security agencies. Underdeveloped institutions, porous open borders, and the existence of established smuggling organisations contribute to Ghana's position in the narcotics industry. John Atta Mills, president between 2009 and 2012, initiated ongoing efforts to reduce the role of airports in Ghana's drug trade.
Ghana is an average natural resource enriched country possessing industrial minerals, hydrocarbons and precious metals. It is an emerging designated digital economy with mixed economy hybridisation and an emerging market with 8.7% GDP growth in 2012. It has an economic plan target known as the "Ghana Vision 2020". This plan envisions Ghana as the first African country to become a developed country between 2020 and 2029 and a newly industrialised country between 2030 and 2039.[clarification needed] This excludes fellow Group of 24 member and Sub-Saharan African country South Africa, which is a newly industrialised country. Ghana's economy also has ties to the Chinese yuan renminbi along with Ghana's vast gold reserves. In 2013, the Bank of Ghana began circulating the renminbi throughout Ghanaian state-owned banks and to the Ghana public as hard currency along with the national Ghana cedi for second national trade currency.
The state-owned Volta River Authority and Ghana National Petroleum Corporation are the two major electricity producers. The Akosombo Dam, built on the Volta River in 1965, along with Bui Dam, Kpong Dam, and several other hydroelectric dams provide hydropower. In addition, the Government of Ghana has sought to build the second nuclear power plant in Africa.
The Ghana Stock Exchange is the 5th largest on continental Africa and 3rd largest in sub-saharan Africa with a market capitalisation of GH¢ 57.2 billion or CN¥ 180.4 billion in 2012 with the South Africa JSE Limited as first. The Ghana Stock Exchange (GSE) was the 2nd best performing stock exchange in sub-saharan Africa in 2013.
According to Transparency International's Corruption Perception Index of 2013, out of 177 countries, Ghana ranked 63rd with Cuba and Saudi Arabia. Ghana had a score of 46 on a scale where a 0–9 score means highly corrupt, and a 90–100 score means very clean. This was based on perceived levels of public sector corruption. Previously in 2012, the country ranked 64 and scored 45. Thus, Ghana's public sector scored lower in 2013 than in 2012, according to CPI's scores.
Local reports have claimed that Ghana loses US$4.5 billion annually from nominal gross domestic product (Nominal GDP) growth as a result of economic corruption and economic crime by the incumbent National Democratic Congress (NDC) government of Ghana led by John Dramani Mahama. It is also said Ghana has lost an additional US$2.5 billion from nominal gross domestic product (Nominal GDP) growth between the months of January 2013 to October 2013 through economic corrupt practices under the Mahama administration.
The incumbent president is however seen to be fighting corruption by some government members, and a fellow politician of an opposition party, after ordering investigations into scandals. Nonetheless others believe his actions are not sufficient in some cases.
John Addo Kufuor, son of former President John Agyekum Kufuor, and Kojo Annan, son of former Secretary-General of the United Nations Kofi Annan, have been named in association with the Panama Papers.