Ghanas economy
Ghanas economyGhana is a country in the developing world. It is making great progress for the situation it is in. Compared to most sub-Saharan countries, Ghana is the best off. It has been making the most efforts for recovery in the government and economy. This will provide Ghana with a better economic future and hopefully ensure political instability.
Ghana's economy and development is seeing lots of pluses. The economy is finally recovering from the many coups that occurred in the government. Since 1992, the country has been making strides of progress and is looking towards a bright future. The agricultural sector is also a major plus because it provides a strong section of the economy and would allow Ghana to trade and export its goods. However, a minus of all this is the unstable government. The country has seen many military coups and never has a controlled body in power. This may change because the country's looking towards a
bright future for democracy.
Ghana has, in general, good relations with the United States since independence, except for a period of strained relations during the later years of the Nkrumah regime. Ghana was the first country to which United States Peace Corps volunteers were sent in 1961. Ghana and the United States are signatories to twenty agreements and treaties covering such matters as agricultural commodities, aviation, defense, economic and technical cooperation, education, extradition, postal matters, telecommunications, and
treaty obligations. Ghana's economic well-being and recovery program were closely tied to significant levels of foreign loans and assistance, especially from the World Bank and the International Monetary Fund. Altogether, between 1982 and 1990 countries that gave foreign aid gave a total...
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