Overview of Economic Growth & Development

Economy of Ghana-Statistics

GDP - official exchange rate $10.21 billion (2006 est.)GDP - purchasing power parity $60billion (2006 est.)GDP- real growth rate: 6.2% (2006est.)GDP - per capita: purchasing ... Full story

Economy of Ghana-IMF Support

Since an initial August 1983 IMF standby agreement, the economic recovery program has been supported by three IMF standbys and two other credits totaling $611 ... Full story

Economy of Ghana-Returning Refugees

The economy's response to these reforms was initially hampered by the absorption of one million returnees from Nigeria, the onset of the worst drought since ... Full story

Economy of Ghana-Rawlings Government

When Rawlings again seized power at the end of 1981, cocoa output had fallen to half the 1970-71 level and its world price to one-third ... Full story

Economy of Ghana-Limann Government

In September 1979, the civilian government of Hilla Limann inherited declining per capita income; stagnant industrial and agricultural production due to inadequate imported supplies; shortages ... Full story

Economy of Ghana-The Akuffo Government

Continued mismanagement of economy, record inflation (more 100% in 1977), and increase corruption, notably at the highest political levels, led to growing dissatisfaction post-July 1978 ... Full story

Economy of Ghana- Acheampong Government

To restructure the economy, the NLC under General Acheampong (1972-undertook an austerity program emphasized self-reliance, particularl food production. These plans were realized, however, primarily because ... Full story

Economy of Ghana- The Busia Government

Prime Minister Busia's government (1969-72) liberalized controls to attract foreign investment and to encourage domestic entrepreneurship. Investors were cautious, however, and cocoa prices began declining ... Full story

Economy of Ghana- Independence

At independence, Ghana had a substantial physical and social infrastructure and $481 million in foreign reserves. The Nkrumah government further developed the infrastructure and made ... Full story

Economy of Ghana

Ghana's industrial base is relatively advanced compared to many other African countries. Import-substitution industries include textiles, steel (using scrap), tires, oil refining, flour milling, beverages, ... Full story

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