The Economic Development Of Ghana Essay -- essays research papers

The Economic Development of princely coastgold coast is an African country located on the western view of Africa. Its neighbors are Burkina Faso to the north, Togo to the east, the Atlantic Ocean to the south, and Cote DIvoire to the west. It has a tribe of 18,100, 703 and a population density of 197 people per square mile. Ghana is 92,098 square miles and English is its ordained language. The capital city of Accra has around 1, 673,000 people residing in it. in that respect are the physical statistics, now onto the more interesting part.The countrys greatest strengths imposition in its natural resources. In those terms, it is very rich. Cocoa, its biggest export, accounts for 15% of the worlds supply. Also its gold production, in recent years, its exported as many as one zillion fine ounces. Ghana also has a good supply of bauxite, diamonds, coffee, rice, cassava, flavor and rubber. Moreover, since 1983, the economy has steadily grown. With sparing recovery policies intact , the economy has raised 5% a year since 1983. Tourism also is growing within Ghana. holidaymaker rates are increasing also. With all these cash crops, costly goods, and economic restructuring, one would wonder why they need assistance at all.Ghanas weaknesses though, more or less outweigh the strengths. Like most countries in Africa, Ghana is in laboured debt since its independence in 1957. It also suffers from high budget deficits. All of the impertinent investors that come in only invest in the gold fields. The richest business, Ghana i...