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The List Of Top Forex Brokers In Ghana For Currencies And Commodities
Situated in West Africa, The Republic of Ghana is a developing economy with plenty of mineral resource wealth to rely upon. While the country’s economy is still relatively small, with nominal GDP standing at a modest $66 billion, which amounts to a GDP per capita of around $2,000, Ghana ranks towards the middle in terms of nominal GDP per capita on the African continent. Ghana has long been the top country in all of Africa in terms of its gold production. This makes the country attractive for forex traders as well. The best forex brokers in Ghana are keenly aware of the interest of the global markets and offer commodities, such as gold, timber, cocoa, oil and gas for trading to their international customer base, as well as the Ghanaian cedi (GHS) - the national currency of Ghana.
Trusted forex brokers in Ghana are licensed and regulated by the Bank of Ghana and the Securities and Exchange Commission of Ghana, which oversees their operations and compliance with national financial laws and regulations. The SEC of Ghana authorizes 30 broker dealers in the country. With a growing economy and considerable gold production rate, which totaled 3.74 million ounces in 2022. Agriculture still plays an important role in Ghana’s economy, with the country being one of the largest cocoa producers in West Africa. A resource-rich nation, Ghana depends heavily on the export of raw materials, such as cocoa, timber, and gold. However, the country also has proven offshore oil and gas reserves, which can further boost its presence on the continent, as well as the global forex and commodities markets.