The Economic Development Of Ghana Research Essay

The Economic Development Of Ghana Essay, Research Paper

Ghana is an African state located on the western side of Africa. Its neighbours are Burkina Faso to the North, Togo to the E, the Atlantic Ocean to the South, and Cote D & # 8217 ; Ivoire to the West. It has a population of 18,100, 703 and a population denseness of 197 people per square stat mi. Ghana is 92,098 square stat mis and English is its official linguistic communication. The capital metropolis of Accra has about 1, 673,000 people shacking in it. There are the physical statistics, now onto the more interesting part.The state & # 8217 ; s greatest strengths lie in its natural resources. In those footings, it is really rich. Cocoa, its biggest export, histories for 15 % of the universe & # 8217 ; s supply. Besides its gold production, in recent old ages, it & # 8217 ; s exported every bit many as one million all right ounces. Ghana besides has a good supply of bauxite, diamonds, java, rice, manioc, lumber and gum elastic. Furthermore, since 1983, the economic system has steadily grown. With economic recovery policies integral, the economic system has raised 5 % a twelvemonth since 1983. Tourism besides is turning within Ghana. Tourist rates are increasing besides. With all these hard currency harvests, dearly-won goods, and economic restructuring, one would inquire why they need aid at all.

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Ghana & # 8217 ; s failings though, about outweigh the strengths. Like most states in Africa, Ghana is in heavy debt since its independency in 1957. It besides suffers from high budget shortages. All of the foreign investors that come in merely put in the gold Fieldss. The richest concern, Ghana isn & # 8217 ; t acquiring that net income. Because of uncluttering the land for farm usage and urbanisation, 70 % of the wood has been destroyed. With the new urban communities and excavation, pollution is a really serious job in this little state.

As for other statistics that are related, its agriculture does good because of the two showery seasons. There is merely one physician for every 12,523 people, but because of hygienic lessons, that doesn & # 8217 ; t do excessively much of a job. The major causes of decease are malaria, diarrheal diseases, and TB ( due to the pollution ) . As for parts, the North is instead hapless, while the urban South is richer.Now I chose Ghana for multiple grounds. First of wholly, because I ever thought that Ghana was near the Philippines for some ground. So I decided that it & # 8217 ; d be good for me to research it. Besides, as I said, Ghana is really rich in natural resources. If you helped them acquire off on the right pes, non merely could they assist themselves, but you could do some money besides. Ghana would besides be a good topographic point for economic aid because all of its close neighbours besides. If a adjacent state saw that what they were making was working, they & # 8217 ; vitamin D either mime them or inquire them for aid ( every bit long as the states weren & # 8217 ; t enemies ) . So hopefully it & # 8217 ; d spread throughout the region.Now for authorities. The history of Ghana and its political relations is really violent and disruptive. It has a long history O

f coups and militant overthrows, for a while it happened every couple of years. Even the current president, Jerry Rawlings, led two himself in 1979 and 1981. From 1981 to 1992, Rawlings was the leader of the Provisional National Defense Council. Right now there is a military/republic government. When Rawlings took office after ousting who he stepped down for, he imposed an austerity plan that helped control inflation in the country. It also helped Ghana receive financial support from the UN. The value of the currency there, called the new cedi, devalued three different times to stimulate exports. Although he was doing a good job helping Ghana back to its feet, he had to suppress several coups himself. A new referendum that he wrote in 1992 reestablished a constitutional government and Rawlings won the next election in 1996. It was a multiparty election.Now my plan isn’t too creative, but I believe that it’s just what Ghana needs. Because the country already has plenty of available natural resources, what it needs is the economic knowledge to put those to work and try to repay debts and earn capital. What needs to be done is simply education. If these farmers and government officials were trained in business sense, then the economy would be one of the highest in Africa. If around the world (possibly the UN could be of service) teachers (or people with business skills) were able to go to Ghana for a year and teach large classes, there would be a major improvement right there, And simultaneously, train native Ghanians to be able to teach people themselves. Then have them teach people also. So it would build this massive network of people helping each other. You see, I believe that education is the start of everything, without that, then people cannot help themselves. That’s why so many countries are in debt right now, lack of knowledge. If an investor saw that a country was well educated, then he’d be thinking about the more difficult and skilled labor that the workers could do. It would interest them more and they’d be more persuaded to invest. So if the educators would come to the country, then it’d lead Ghana on the path to being able to help themselves, which is what all development plans goals are.Goals are also quite simple. Short term goals: get at least 30 educators to the country to train civilians and other teachers, raise GNP and per capita GNP, reduce pollution and deforestation, and raise literacy rates. Long term goals: to have the natives teach each other so the hired abroad workers could go elsewhere, lower growth rate and disease rates, get country out of debt.If this would all work, Ghana could and would be a powerful small country. With its high variety of natural resources and arable land, it wouldn’t take much to get this country out of debt. If plans go extremely well, Ghana could possibly start handing out the loans. Remember that education is the foundation of everything possible.