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Economic History Of Ghana
Economic history of Ghana details the economic situation of Ghana since pre-colonial times to date. Pre-independence Endowed with gold and oil palms and situated between the trans-Saharan trade routes and the African coastline visited by successive European traders, the area known today as Ghana has been involved in all phases of Africa's economic development during the last thousand years. As the economic fortunes of African societies have waxed and waned, so, too, have Ghana's, leaving that country in the early 1990s in a state of arrested development, unable to make the "leap" to Africa's next, as yet uncertain, phase of economic evolution. As early as the thirteenth century, present-day Ghana was drawn into long-distance trade, in large part because of its gold reserves. The trans-Saharan trade, one of the most wide-ranging trading networks of pre-modern times, involved an exchange of European, North African, and Saharan commodities for the products of the African savann ...
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GDP Per Capita Development Development Of Ghana
Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is often revised before being considered a reliable indicator. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore, using a basis of GDP per capita at purchasing power parity (PPP) may be more useful when comparing living standards between nations, while nominal GDP is more useful comparing national economies on the international market. Total GDP can also be broken down into the contribution of each industry or sector of the economy. The ratio of GDP to the total population of the region is the per capita GDP (also called the Mean Standard of Living). GDP definitions are maintained by a number of national and international economic organizations. The Organisa ...
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Federal Research Division
The Federal Research Division (FRD) is the research and analysis unit of the United States Library of Congress. The Federal Research Division provides directed research and analysis on domestic and international subjects to agencies of the United States government, the District of Columbia, and authorized federal contractors. As expert users of the vast English and foreign-language collections of the Library of Congress, the Division's area and subject specialists employ the resources of the world's largest library and other information sources worldwide to produce impartial and comprehensive studies on a cost-recovery basis. The Federal Research Program is run by the Federal Research Division (FRD), the fee-for-service research and analysis unit within the Library of Congress. The Federal Research Program of the Library of Congress was authorized by the United States Congress in accordance with the Library of Congress Fiscal Operations Improvement Act of 2000 (2 U.S.C. 182c). FR ...
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Library Of Congress
The Library of Congress (LOC) is the research library that officially serves the United States Congress and is the ''de facto'' national library of the United States. It is the oldest federal cultural institution in the country. The library is housed in three buildings on Capitol Hill in Washington, D.C.; it also maintains a conservation center in Culpeper, Virginia. The library's functions are overseen by the Librarian of Congress, and its buildings are maintained by the Architect of the Capitol. The Library of Congress is one of the largest libraries in the world. Its "collections are universal, not limited by subject, format, or national boundary, and include research materials from all parts of the world and in more than 470 languages." Congress moved to Washington, D.C., in 1800 after holding sessions for eleven years in the temporary national capitals in New York City and Philadelphia. In both cities, members of the U.S. Congress had access to the sizable collection ...
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Standard Of Living
Standard of living is the level of income, comforts and services available, generally applied to a society or location, rather than to an individual. Standard of living is relevant because it is considered to contribute to an individual's quality of life. Standard of living is generally concerned with objective metrics outside an individual's personal control, such as economic, societal, political and environmental matters – such things that an individual might consider when evaluating where to live in the world, or when assessing the success of economic policy. In international law, an "adequate standard of living" was first described in the Universal Declaration of Human Rights and further described in the International Covenant on Economic, Social and Cultural Rights. To evaluate the impact of policy for sustainable development, different disciplines have defined Decent Living Standards in order to evaluate or compare relative living experience. During much of its use in e ...
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Presidency Of John Kufuor
The presidency of John Kufuor began on 7 January 2001 and ended on 7 January 2009 after he was inaugurated as the 9th President of Ghana and 2nd of the Fourth Republic. Kufuor was a New Patriotic Party (NPP) candidate. He won the 2000 Ghanaian general election after defeating National Democratic Congress (NDC) candidate John Atta Mills by earning 56.9% of the votes. This marked Ghana's first transition of power through a free and fair election since independence. Kufuor ran for re-election in 2004, winning again against John Atta Mills, and served two full terms. Kufuor signed various intellectual property laws such as the Trademarks Act, Copyright Act, Patent Act, and Industrial Designs Act to protect Intellectual Property laws in Ghana. Along with parliament, he set up a commission in 2004 to investigate human rights abuses committed by previous Ghanaian military juntas and unconstitutional governments. First election The election began on 7 December 2000 with a se ...
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Presidency Of John Atta Mills
The presidency of John Atta Mills began on 7 January 2009 and ended on 24 July 2012. John Atta Mills, an NDC candidate became the 10th President of Ghana after he defeated NPP opponent Nana Akufo-Addo in the 2008 Ghanaian general election. After his death on 24 July 2012, John Atta Mills was succeeded by his vice president, John Mahama in accordance to the 1992 Constitution. He was the first Ghanaian Head of State to die in office. From 1997 to 2001, Atta Mills served as Vice-President of Ghana under the Rawlings government. He was unsuccessful in his bid for presidency in the 2000 and 2004 Ghanaian general election. During his 2008 campaign he began the Better Ghana Agenda policy. Amongst his accomplishments as president was presiding over and initiating Ghana's first ever foray into oil production, after oil was discovered in commercial quantities under his predecessor, John Kufuor. In his second year, the president enabled a GDP rebasement which adjusted the growth figure ...
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John Atta Mills
John Evans Fiifi Atta Mills (21 July 1944 – 24 July 2012) was a Ghanaian politician and legal scholar who served as President of Ghana from 2009 until his death in 2012. He was inaugurated on 7 January 2009, having defeated the governing party candidate Nana Akufo-Addo in the 2008 election. He was previously the Vice-President from 1997 to 2001 under President Jerry Rawlings, and he contested unsuccessfully in the 2000 and 2004 presidential elections as the candidate of the National Democratic Congress (NDC). He was the first Ghanaian head of state to die in office. Early life Mills was born on 21 July 1944 in Tarkwa, in the Western Region of Ghana. His parents were John Atta Mills Sr., an educator, who taught at the Komenda Teacher Training College and Mercy Dawson Amoah. He was the second child (and first son) among seven siblings. A member of the Fante ethnic group, he hailed from the town of Ekumfi Otuam in the Mfantsiman East constituency of the Central Region of G ...
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2010 Ghana GDP Rebasing
In November 2010, the government of Ghana made a number of changes to the way it calculated GDP, resulting in a 60% upward change in its estimate. The change led to discussion of the accuracy of GDP estimates, particularly in the context of Africa. It was also the first of many rebasings undertaken by African economies, most of which led to significant upward revisions in their estimates of GDP. Changes made Change of base year The base year for calculations was changed from 1993 to 2006. In a paper discussing the change, development economists Morten Jerven and Magnus Ebo Duncan noted: "Upward revisions stemming from changes in outdated base years are common in developed countries such as the United States (Runkle 1998)" and also said that one contributor to the high magnitude of the upward revision was the huge increment in base year (by 13 years) as opposed to more regular updates done in countries such as the United States. Change in compilation methodology The compila ...
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Agriculture In Ghana
Agriculture in Ghana consists of a variety of agricultural products and is an established economic sector, providing employment on a formal and informal basis. It is represented by the Ministry of Food and Agriculture. Ghana produces a variety of crops in various climatic zones which range from dry savanna to wet forest which run in east–west bands across Ghana. Agricultural crops, including yams, grains, cocoa, oil palms, kola nuts, and timber, form the base of agriculture in Ghana's economy. In 2013 agriculture employed 53.6% of the total labor force in Ghana.Clark, Nancy L. "Agriculture" (and subchapters). A Country Study: Ghana' (La Verle Berry, editor). Library of Congress Federal Research Division (November 1994). ''This article incorporates text from this source, which is in the public domainbr>' Because such a larger part of the economy is dependent on rainfed agriculture, it is expected that climate change in Ghana will have serious consequences for both cash crop ...
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Manufacturing In Ghana
Industry in Ghana accounts for about 24.5% of total GDP.CIA World Factbook - Ghana'. CIA World Factbook CIA (Dezember 2021) However, Ghana's industrial production is rising at a 7.8% rate, giving it the 38th fastest growing industrial production in the worldCIA World Factbook - Rate Order - Industrial production growth rate'. CIA World Factbook CIA (October 2008) due to government industrialization policies. Ghana's most important manufacturing industries include electronics manufacturing, car manufacturing, electric car manufacturing, automotive manufacturing, light manufacturing, aluminum smelting, food processing, cement, and small commercial ship building. A relatively small glass-making industry has also developed due to the high-quality sand available from the Tarkwa mining area. The foreign capital has increased in recent years. Most products are for local consumption and exportation. Other industries include the production of food and beverages, textiles, chemicals and p ...
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Bloomberg News
Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, ''Bloomberg Businessweek'', ''Bloomberg Markets'', Bloomberg.com, and Bloomberg's mobile platforms. Since 2015, John Micklethwait has served as editor-in-chief. History Bloomberg News was founded by Michael Bloomberg and Matthew Winkler in 1990 to deliver financial news reporting to Bloomberg Terminal subscribers. The agency was established in 1990 with a team of six people. Winkler was first editor-in-chief. In 2010, Bloomberg News included more than 2,300 editors and reporters in 72 countries and 146 news bureaus worldwide. Beginnings (1990–1995) Bloomberg Business News was created to expand the services offered through the terminals. According to Matthew Winkler, then a writer for ''The Wall Street Journal ...
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Deutsche Welle
Deutsche Welle (; "German Wave" in English), abbreviated to DW, is a German public, state-owned international broadcaster funded by the German federal tax budget. The service is available in 32 languages. DW's satellite television service consists of channels in English, German, Spanish, and Arabic. The work of DW is regulated by the Deutsche Welle Act, meaning that content is intended to be independent of government influence. DW is a member of the European Broadcasting Union (EBU). DW offers regularly updated articles on its news website and runs its own center for international media development, DW Akademie. The broadcaster's stated goals are to produce reliable news coverage, provide access to the German language, and promote understanding between peoples. It is also a provider of live streaming world news which can be viewed via its website, YouTube, and various mobile devices and digital media players. DW has been broadcasting since 1953. It is headquartered in Bonn, ...
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