The role of economics in national development? With focus in Ghana as country

Following its
independence from Great Britain, Ghana had arguably the strongest economy among the new West
African countries. It has continued to build on its economic strengths to become a middle-income
country. This economic growth has fueled development that has increased the standard of living
for many people in Ghana post-independence. However, development has not reached everyone
equally, and this could cause problems in the future.

In 1957, Ghana
achieved its independence with one of the best-educated populations in West Africa, reserves of
gold and oil, and a population (temporarily) unified around the popular nationalist leader Kwame
Nkrumah. Ghana made some strong economic moves out of the gateinvestment in cocoa production for
export, construction of a hydroelectric dam to support industrialization, creation of homegrown
manufacturing industries to replace expensive foreign imports, and promotion of economic
cooperation with its neighbors. Nkrumah attempted to implement...