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Ghana: Countrys
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Ghana is considered an 'island of peace and stability' in the West Africa Sub-Region. The country has had four consecutive free and fair elections and democracy and freedom of expression is deepening.
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The population of Ghana is estimated at about 18.4 million and grows at 2.5% annually. Most of the population is concentrated in the southern part of the country with the highest density occurring in urban and cocoa producing areas.
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Well endowed with natural resources, Ghana has roughly twice the per capita output of the poorest countries in West Africa. Even so, Ghana remains heavily dependent on international financial and technical assistance. Gold, timber, and cocoa production are major sources of foreign exchange. The domestic economy continues to revolve around subsistence agriculture, which accounts for 37% of GDP and employs 60% of the work force, mainly small landholders. Ghana opted for debt relief under the Heavily Indebted Poor Country (HIPC) program in 2002, but was included in a G-8 debt relief program decided upon at the Gleneagles Summit in July 2005. Priorities under its current $38 million Poverty Reduction and Growth Facility (PRGF) include tighter monetary and fiscal policies, accelerated privatization, and improvement of social services.
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On Mar. 6, 1957, the state of Ghana, named after the medieval W African empire, became an independent country within the Commonwealth of Nations. At the same time the people of British Togoland chose to become part of Ghana. In 1960, Nkrumah transformed Ghana into a republic, with himself as president for life. By a 1964 referendum, all opposition parties were outlawed, and many critics of the government were subsequently imprisoned. Nkrumah followed an anticolonial, pan-African policy and grew increasingly less friendly to the West. Falling cocoa prices and poorly financed large development projects led to chaotic economic conditions, and in 1966 Nkrumah was overthrown by a military-police coup.
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Ghana was the first country in the world to accept Peace Corps volunteers, and the program remains one of the largest. Currently, there are more than 150 volunteers in Ghana. Almost half work in education, and the others in agro-forestry, small business development, health education, water sanitation, and youth development. Ghana's $547 million compact with the Millennium Challenge Corporation is the most recent achievement in the U.S.-Ghanaian development partnership.
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If Ghana was late in coming under European control, it was ... the first African nation to win back its independence, in 1957. However, corruption and internal military strife proved to be apparently intractable problems, and Ghana went through an extended period of instability in the 1960s and 1970s marked by military rule. The country has been since then been moving steadily toward political stability and economic prosperity, and seems today to possess one of the most promising futures of any of the West African nations.
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