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Word Count: 988
The Economic Development of Ghana Ghana is an African country located on the western side of Africa Its neighbors are Burkina Faso to the north Togo to the east the Atlantic Ocean to the south and Cote DIvoire to the west It has a population of 18100 703 and a population density of 197 people per square mile Ghana is 92098 square miles and English is its official language The capital city of Accra has around 1 673000 people residing in it There are the physical statistics now onto the more interesting part The countrys greatest strengths lie in its natural resources In those terms it is very rich Cocoa its biggest export accounts for 15 of the worlds supply Also its gold production in recent years its exported as many as one million fine ounces Ghana also has a good supply of bauxite diamonds coffee rice cassava timber and rubber Moreover since 1983 the economy has steadily grown With economic recovery policies intact the economy has raised 5 a year since 1983 Tourism also is growing within Ghana Tourist rates are increasing also With all these cash crops costly goods and economic restructuring one would wonder why they need assistance at all Ghanas weaknesses though almost outweigh the strengths Like most countries in Africa Ghana is in heavy debt since its independence in 1957 It also suffers from high budget deficits All of the foreign investors that come in only invest in the gold fields The richest business Ghana isnt getting that profit Because of clearing the land for farm use and urbanization 70 of the forest has been destroyed With the new urban communities and mining pollution is a very serious problem in this small nation As for other statistics that are related its farming does well because of the two rainy seasons There is only one doctor for every 12523 people but because of hygienic lessons that doesnt cause too much
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