Ghana provides a rather unique example of a developing country which, after a successful start on the course of development by raising its savings and investment ratios to high levels in the post-independence period, saw these fall to very low levels. Total saving and its division between domestic and foreign saving were discussed in Chapter 13. Here we shall concentrate on investment.
KeywordsInvestment Decision Shadow Price Total Investment Current Prex Shadow Prex
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Notes and References
- 3.Ahmad (1970); Killick (1978); and Government of Ghana, Seven-Year Plan (1963–64 to 1969–70).Google Scholar
- 11.Government of Ghana, Two-Year Development Plan (1968–70), p. 58.Google Scholar
- 15.NIB, Annual Report 1979, pp. 27–31.Google Scholar
- 21.ADB, Annual Report 1976, p. 16.Google Scholar
- 24.Bank of Ghana, Feasibility Report on Medium-sized Brick Factories (1979), p. 1.Google Scholar
- 27.Government of Ghana, Ghana Economic Review 1973–75, p. 93.Google Scholar
- 28.GIHOC, Annual Report (Provisional) (1981), p. 1.Google Scholar
- 30.GIHOC, Auditors’ Report (1981).Google Scholar