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.
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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