Ghana

GHA

Ghana: 34.5 million population; lower-middle-income economy. Exports: gold, cocoa, mineral products; imports: machinery, mineral fuels, vehicles. Presidential republic under President John Dramani Mahama. IMF bailout 2023 after debt crisis. Gold/cocoa exporter. Debt restructuring ongoing. #125 Big Mac Index.

Headline valuation

Enterprise value

$1.64T

Scenario range

$1.33T to $1.66T

Confidence

60.0%

Integration scenario

Contested Integration

Balance sheet

Total assets

$1.81T

Total liabilities

$171.0B

Base enterprise value

$1.64T

Creditor concentration

Risk score (0-100)

22.8

Buyer autonomy

high

Creditor HHI

0.2339

Climate & resources

Climate status

Desperate (Rank 99 of 212, 1 = most desperate)

Water tier

MODERATE

ND-GAIN vulnerability

0.58

ND-GAIN readiness

0.50

Top acquisition targets (Ghana as buyer)

Computed by SAPA (Sovereign Acquisition Propensity Algorithm). Higher probability = stronger structural fit for Ghana acquiring this target.

Gabon (GAB): probability 0.07, deal value $353.3B, driver: Strategic + Resources + No_Power_Projection + Captor_Interest(FRA)
Angola (AGO): probability 0.07, deal value $821.3B, driver: Strategic + Resources + Human_Capital + Distance_Proximal(2186km) + No_Power_Projection + Absurdity_Penalty(4)
Japan (JPN): probability 0.07, deal value $114.12T, driver: Strategic + Resources + Human_Capital + Political_Risk + Distance_Hemispheric(13814km) + GDP_Block(0.027) + Economic_Size_Block(0.01) + No_Power_Projection + US_Treaty_Ally + Absurdity_Penalty(5)
Nigeria (NGA): probability 0.07, deal value $5.26T, driver: Strategic + Resources + Human_Capital + Economic_Size_Block(0.22) + No_Power_Projection + Absurdity_Penalty(4)
Qatar (QAT): probability 0.07, deal value $5.21T, driver: Strategic + Resources + Human_Capital + Distance_Regional(5916km) + Economic_Size_Block(0.23) + No_Power_Projection + US_Security_Partner + Absurdity_Penalty(4)

About this valuation

This valuation is computed monthly by the WHITEFLAG sovereign asset valuation framework, a five-scenario model that prices nations as transferable enterprise units. See the full methodology for the formulas and data sources. The human-capital, industrial and land bases are blended with the World Bank Changing Wealth of Nations 2020 stock, rescaled onto the framework's computed scale; the resource base uses the computed value alone (CWON's oil component is null).

Sources: CIA World Factbook, World Bank (population, poverty, economic data), IMF World Economic Outlook (economic classification, trade), The Economist Big Mac Index (PPP comparison), Trading Economics (macroeconomic indicators), Official Government Statistical Agencies

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