Mining industry of Ghana in the Gulf of Guinea’s Tano Basin. In 2005, the company conducted a 1,075-km2 three-dimensional (3-D) survey to evaluate the potential of the block. The WCTP Block is located about 8 km from the Ghanaian coastline and 95 km southwest of the city of Takoradi. The remaining interest in WCTP was held by GNPC (10%) and E.O. Group of Ghana (3.5%). Final environmental impact assessment permits were granted in Benin, Ghana, and Togo for the West African Gas Pipeline (WAGP) between March and April 2005. The West Gas Pipeline Company Limited (WAGPCo) was granted a license to construct the pipeline
Ghana 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. 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.