Ghana is one of the earliest and most serious examples of the build up of foreign debt by a developing country to support its policies for economic growth. This study, first published in 1974 in conjunction with the Overseas Development Institute, analyses Ghana's economy over twenty years and highlights the problems of the debtor/creditor relationship between developed and developing countries.
Ghana is one of the earliest and most serious examples of the build up of foreign debt by a developing country to support its policies for economic growth. This study, first published in 1974 in conjunction with the Overseas Development Institute, analyses Ghana's economy over twenty years and highlights the problems of the debtor/creditor relationship between developed and developing countries.
1. Introduction 2. The Root of the Problem: Economic and Political Conditions and Objectives in the Decade Before Independence 3. The Transition from Financial Self-Reliance to External Dependence, 1957-1961 4. The Plunge into Insolvency (1962-65) 5. The Nkrumah Legacy 6. Post-Nkrumah Efforts at Rehabilitation and Debt Settlement 7. Summary and Lessons
1. Introduction 2. The Root of the Problem: Economic and Political Conditions and Objectives in the Decade Before Independence 3. The Transition from Financial Self-Reliance to External Dependence, 1957-1961 4. The Plunge into Insolvency (1962-65) 5. The Nkrumah Legacy 6. Post-Nkrumah Efforts at Rehabilitation and Debt Settlement 7. Summary and Lessons
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