Economics paper: Ghana
Ghana is a country located on the west coast of Africa; Africa is a resource rich continent that supplies much of the world with diamonds, oils, petroleum and more through trade. The country of Ghana has undergone revision in their labor forces in the past twenty years, Ghana has moved more from the traditional labor sector like agriculture to more modern sectors. One of the more modern sectors of Ghana today is the industrial sector which is relatively small and is mainly operated by the Ghanaian government. The industrial sector was expanded by the government and president to employ the unemployed and promote investment in the private sector. After the 1990’s Ghana has seen consistent economic growth but their economic growth from the last eight years has increased tremendously. In the most recent of years ( after 2004) the growth rate of Ghana started to accelerate and it increased to over six percent between a five year span from 2005-2010, with the average being above seven percent in 2000 and 2009. The increase in sectors has taken Ghana from a poverty rate of more than half 51.7% to 28.5% by the year 2005. Before Ghana’s independence on March 6, 1957 most of the country’s gdp was contributed to agriculture and the industry sector was less of a contributor. Recently, between the years of 2001-2010 the roles of whom or what contributes to the gdp has switched. Most of the contribution to the gdp is that of the service sector. Even though, the service sector has risen to the top of the economy, agriculture is slowly but surely is rising back to the top of Ghana’s highest gdp contributor by the way of nontraditional exports like automobiles and cocoa. The service sector of Ghana provides many residents w...
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...ontributes a large percentage to the Gdp of the country. As stated in the introduction many of Africa, mostly Sub-Saharan is rich in natural resources. The largest of the products produced in Ghana that is also a large export is Cocoa other items that are largely produced in Ghana are automobiles, aluminum, and also agricultural products like Shea butter certain edible foods that are used in traditional Ghanaian foods. Many of the goods produced are exported to countries such as the U.S., Canada, and Great Britain. Below is a chart of goods produced in Ghana, these goods are mostly exported as well Ghana is the second largest producer of Cocoa, which is the basic ingredient in chocolate. The bar graph below shows the earnings of goods produced and exported in the country of Ghana from 2000-2008.
Last but not least, like all great nations, they come and they fall, and Mali did fall just like all the other nations. According to Document F: Mansa Musa, in 2014, by UC Davis History-Social Science Project Lesson Plan on Sites of Encounter in the Medieval World-Mali, it states, “After Mansa Musa, the empire of Mali began to decline. In 1464, a new empire, Songhai, took over ruling the rich goldfields and cities of West Africa.” Ghana fell to Mali, and Mali fell to the Songhai empire. This is an effect of being a site of cultural exchange.
One of the largest industries within Sierra Leone is mining industry due to it's natural resources such as diamonds. This has caused an issue of food production as many of the youths in Sierra Leone have chosen mining over agriculture. The mining industry offers the potential of making large sums of money so many workers are switching due to “the lure of striking it rich”(Grant Andrew, 2007) . The idea of workers making lager sums of money in other industries is one of the main reasons why their is a labour shortage in the agriculture sector. Although researchers found that “Flooding the labour market in the diamond sector will further reduce the already
Throughout the twentieth century, Rhodesia from 1960’s to the late 1970’s have always been in a struggle to fight for their independence. They had to deal with the British colonist that settled into their land and had taken over control of the country for the past couple of years. Due to the decolonisation of African countries after the second world war it gave many influences and reasons for Rhodesia to search to become an independent country. That all changed when they fully receive their independence in 1980 and during that time they fought for the control of their country, Rhodesia. The name was later changed to Zimbabwe due to a revolutionary struggle they had in their country. The battle to govern Rhodesia and also by the agreement of the Internal Settlement between the fighting forces to find and create peace
Africa’s key to becoming a civilized nation was because the government functioned, people could cooperate efficiently, and substantial amounts of data from travellers show how civilized Africa was. In Document 4, it states,“They are seldom unjust, and have a greater abhorrence [hatred] of injustice than any other people. Their sultan shows no mercy to anyone who is guilty of the least act of it. There is complete security in their country. Neither traveler nor inhabitant in it has anything to fear from robbers.” This is what each separate civilization at the time was able to achieve by themselves. Like any other country, there were conquests, inventions and military expenditures that further benefitted the progress that they made in becoming
The African empires, kingdoms, and cities had many achievements before the arrival of the Europeans. Some of these achievements had influences many other places in the world. Three major achievements were the trading systems, their military forces and strengths of its people, and the wealth and success.
Haiti is a very interesting country, people always want to visit places like Florida where it’s tropical. Well, if you want to visit a really tropical place you should go to Haiti. I promise you it doesn’t matter why you are going there: vacation, mission trip, or anything. You won’t regret it. I’m going to tell you more about Haiti, and how amazing it can be.
Gabon’s GPD (gross domestic product) is estimated to be around 7.7 billion dollars. The GPD is divided into three sections the first being agriculture making up 8%. Gabon’s agriculture consists of cocoa, coffee, sugar, palm oil, cattle, and fish. The second section, industry, contributes 67% of the nations GPD. Gabon’s industry includes textile, lumbering and plywood, petroleum, cement, manganese, uranium, gold mining, and chemicals. Oil was located of the coast of Gabon in the 1970’s. Petroleum alone now makes up 50% of the GDP. The last section of the GDP is services, making up 25%. Ship repair supplies the most to this category of the GDP.
Ghana’s land was full of resources, but iron, gold, and salt were the most important. Starting with gold, Ghana traded gold for most of what they needed as they had so much gold even their dogs wore gold collars. Ghana used gold to trade with other nations to get resources like livestock, tools and cloth. Ghana traded gold because they had so much of it the following was iron. Ghana used iron for strong weapons that they used in battle and tools that helped them live. Iron made items that helped Ghana become stronger. Iron helped Ghana a lot, but not as much as gold. In other words, Ghana used iron to make tools, weapons, and armor. Along with iron and gold came
Kenya is a country located in the continent of Africa. It is believed that people first roamed Kenya more than 2 million years ago. Cushitic migrated from North Africa to Kenya. Although they were one of the first people to migrate to Kenya they have always been a minority. Arabian traders later emerged in Kenya and took over the country quite rapidly. They were searching for ivory, rhino horn, gold, and slaves to trade with other countries. The focal areas of trade within Kenya were Mombasa, Malindi and the Islands Lamu. As a result of their invasion, they left behind a Muslim culture for Kenyans to adapt to. Kenyans were also taught Kiswahili or Swahili to better communicate with Arabians; which in turn allowed Kenyans to make more money. Later, the Portuguese invaded Kenya and took control from Arabia. They wanted power over the Indian Ocean and control over trade in and out of Kenya. The Portuguese tried to influence Catholicism. During their reign, they
"Ghana." Economy: Population, GDP, Inflation, Business, Trade, FDI, Corruption. Index of Economic Freedom, n.d. Web. 08 Apr. 2014. .
(a) Africans and Europeans have relations that date all the way back to the origins of humans and human migrations. Scholars have hypothesized that Homo erectus found in Europe about 800,000 years ago originated and migrated from Africa Europeans and Africans also had religious relations; which is evident from the spread of Christianity, introduced by the Byzantines, throughout Africa specifically in North Africa, the Nile Valley, and the Horn of Africa. Aside from religious relations, Africans and Europeans also had economic and political relations as a result of European colonization and conquest of the African regions. Economic relations were a result of Europeans coming into Africa and taking natural resources to benefit from in the production of goods and trade. Another specific example of economic relations between Europeans and Africans is the practice of mercantilism, in which European nations were the mother countries and countries of Africa were the colonies. As the mother country, Europeans, would take natural resources from the colony, African regions, to produce goods, which would then be sold back to the colony. This also attributed to the political relations between Africans and Europeans because the economic desires of the Europeans often led to them controlling the Africans to maximize profit and their own personal benefits; which is directly related to slavery, one of the biggest relations between Africans and Europeans. Slavery and the slave trade in turn created social relations because slaves were considered to be a class of their own. Another social relation that resulted from slavery was the creation a “new race” known as the...
What is culture? Culture refers to the cumulative deposit of knowledge, experience, beliefs, values, attitudes, meanings, hierarchies, religion, notions of time, roles, spatial relations, concepts of the universe, and material objects and possessions acquired by a group of people in the course of generations through individual and group striving
In order for any country to survive in comparison to another developed country they must be able to grow and sustain a healthy and flourishing economy. This paper is designed to give a detailed insight of economic growth and the sectors that influence economic growth. Economic growth in a country is essential to the reduction of poverty, without such reduction; poverty would continue to increase therefore economic growth is inevitable. Through economic growth, it is also an aid in the reduction of the unemployment rate and it also helps to reduce the budget deficit of the government. Economic growth can also encourage better living standards for all it is citizens because with economic growth there are improvements in the public sectors, educational and healthcare facilities. Through economic growth social spending can also be increased without an increase of taxes.
Accra, the capital of the beautiful and welcoming nation Ghana, is located in West Africa, West Africa’s Gulf of Guinea. It is known for its wildlife, beauteous attractions, and richness in gold and secluded beaches. Ghana also known as the “Gold Coast,” gained their independence on March 6th 1957 from the British. The nation was led to independence by the first president Kwame Nkrumah, who altered the country to a republic. Ghana continues to grow each day as a nation, Though Ghana is growing each day they face many economic and social problems, such as poverty, health issues, education, corruption, and economic challenges.
But the growth has not been inclusive, broad-based and transformational. The implication of this trend is that economic growth in Nigeria has not resulted in the desired structural changes that would make manufacturing the engine of growth, create employment, promote technological development and induce poverty alleviation. Available data has put the national poverty level at 54.4 per cent. Similarly, there has been rising unemployment with the current level put at 19.7 per cent by the National Bureau of Statistics