The Economic Development Of Ghana Essay -- essays research papers

The Economic growing of GhanaGhana is an African country located on the occidental side 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 population of 18,100, 703 and a population density of 197 people per square mile. Ghana is 92,098 square miles and position is its official language. The capital city of Accra has around 1, 673,000 people residing in it. There are the physical statistics, now onto the more interesting part.The countrys superior strengths lie in its natural resources. In those terms, it is very rich. Cocoa, its biggest export, accounts for 15% of the worlds render. withal its money production, in recent years, its exported as many as ane million fine ounces. Ghana also has a good supply of bauxite, diamonds, coffee, rice, cassava, timber and rubber. Moreover, since 1983, the economy has steadily grown. With economic recovery policies intact, the economy has incr ease 5% a year since 1983. Tourism also is growing inside Ghana. Tourist rates are increasing also. With all these cash crops, expensive goods, and economic restructuring, one would wonder why they need assistance at all.Ghanas weaknesses though, almost outweigh the strengths. Like most countries in Africa, Ghana is in heavy debt since its independence in 1957. It also suffers from high budget deficits. any of the foreign investors that come in only invest in the gold fields. The richest business, Ghana i...