Ghana Structure of the Economy

Ghana Country Studies index

Ghana - Structure of the Economy

Structure of the economy

Most government efforts to restore the productivity of the Ghanaian economy have been directed toward boosting the country's exports. These policies, however, have had numerous consequences. Following the initiation of the ERP in 1983 and the devastating drought of 1983, Ghana's GDP has registered steady growth, most of it attributable to the export sector, including cocoa and minerals and, to some extent, timber processing. The cost of this growth is apparent, however, in Ghana's growing external debts, which have financed rehabilitation of the export sector, and in the country's steady rate of inflation that has curbed consumer imports. The government has tried with limited success to avoid some of the country's historical pitfalls by broadening the range of both exports and trading partners. Nevertheless, prices for the goods that most Ghanaians purchase have been rising faster than the wages they receive for their work.

You can read more regarding this subject on the following websites:

Economy of Ghana - Wikipedia
Structure of Ghana's economy unchanged since 1911
Ghana Economy: Population, GDP, Inflation, Business, Trade
Ghana Economic Outlook - African Development Bank
Analysis of the Structure of the Ghanaian Economy: Using

Ghana Country Studies index
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