The agriculture sector is an important asset for Ghana’s economy. It accounts for one-third of gross domestic product (GDP), and provides over 55% of the population’s jobs (Ghana Agriculture). Ghana’s climate is tropical; warm and dry along the southeast coast; hot and humid in the southwest, and hot and dry in the north. The terrain is mostly low plains with divided plateau in the south-central area. The overall percentage of land use is 17.54% of arable land and 9.22% of permanent crops. Environmental current issues in Ghana are deforestation, overgrazing, soil erosion, droughts, water pollution, and inadequate supplies of potable water. However, this country is capable of producing a variety of crops consisting of mangos, grains, oil palms, pineapples, cocoa, and kola nut (Ghana).
Ghana’s first President, Kwane Nkrumah, during his presence in office in 1952 to 1966, attempted to use the agriculture sector as a foundation to increasing Ghana’s economy, but the agriculture output had fallen. Since then, the sector was consistently decreasing. In the late 1960s, the commodity prices and the food production had fallen. By 1983, Ghana’s export crop production had reached an all time low due to the country’s drought. During the year of 1984, the government then decided to begin the Economic Recovery Program, to reduce Ghana’s debt and improve their position in the global economy (Ghana Agriculture).
Despite Ghana’s previously failure, the agriculture sector was once again identified as a great opportunity on the basis for industrialization to increase economic growth. The government soon began to invest grants and loans to repair and improve transportation and distribution infrastructure serving export crops, and developing spe...
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...for thousands of people, giving them something to live for or to experience a decent living, versus starving not knowing when the next time they will eat, not wearing the proper clothing, or having a safe home with clean water to drink. In addition to, Ghana being capable of dominating crops such as pineapples and being the main provider for the world. To be able to create jobs, dominate any crops in the world, and decrease poverty among the Ghanaians, is success for Ghana. Ghana’s GDP certainly has significant changes, but there is potential for improvement to increase economic and production growth which is what GDP stands for.
In international business, an entrepreneur should be an all around humanitarian person who help offer solutions to the hardships of poverty out of kindness, dedication, and sympathy as well as maximizing profits for personal and business.
At the end of 2014, 129 small farmers organizations in 20 countries held a certificate to produce and sell Fairtrade cocoa. Helping representing 179,800 small-scale farmers. Sales weight of Fairtrade cocoa grew to 70,600 tonnes in 2013-14, year-on-year increase by 17%. These sales include a Fairtrade Premium of $200 per tonne for farmers, this helps them to invest in their businesses or local community. In 2013-14, cocoa organizations received £8.4 million in Premiums. Which 37% was invested in various projects and programs to improve productivity and quality. The Premium is also invested in community programs such as schools (Côte D’Ivoire has only around a 50% literacy rate), medical centers and clean running water. Read more about the investments made by cocoa farmers with the Fairtrade Premium in this recount.” Farmers in the 85,000-strong Fairtrade certified Kuapa Kokoo cooperative in Ghana have spent their premium on building wells for drinking water, building public toilets, and a mobile clinic to visit member’s
“Africa is failing to keep up with population growth not because it has exhausted its potential, but instead because too little has been invested in reaching that potential.” Paarlberg backs this claim with evidence that India’s food issue was solved with foreign assistance in development and offers that the solution to Africa’s food shortage is also development and farm modernization endorsed by foreign aid.
Africa is a continent rich in natural resources and it may be surprising that its resources haven’t been enough to pull it out of poverty. Although there are many resources, there are also many issues. Many of Africa’s industries are focussed on raw materials. For example, agriculture is the main industry in Africa, employing two-thirds of the working population and contributing 20% to 60% of every country’s GDP. Forestry is also an important industry and contributes up to 6% of Africa’s GDP, which is higher than any other continent. Fishing, another main industry in Africa, is valued at $2.7 billion USD and provides income for 10 million people. Africa also focusses on exporting raw materials such as metals and minerals, including uranium, platinum, nickel, bauxite and cobal. These raw materials are used around the world to produce nuclear energy, industrial
Chad is one of the poorest countries on the African continent. Chad's economy is mostly agricultural and eighty percent of Chad's population relies on subsistence farming and livestock rising as their livelihood, cotton farming, growing sorghum, millet, groundnuts, vegetables, and fruits (Azevedo, Graham, and Nnadozie, 1997). The other twenty percent of Chad's population works in the services industry such as, manufacturing, services, and the military.
Ethiopia is called a third world country because of its poverty rate. The economy relies on agriculture which makes up 45% of the gross domestic product (GDP) and 85% of their employment. Farmers deal with repeated droughts that affect their farming. Coffee was sold oversees in 2006 for $350 million so it is an important export, but with the decreased p...
Overall Central Africa’s dependence on agriculture could improve the wellbeing of the people but a long history of corruption, violence, and prevalent transportation issues have hindered an improvement in the economy resulting in poverty among the region. Poverty will not subside unless these issues are dealt with and improved.
Although Ghana has very good resources they often experience numerous of high rates of inflations. In 1999 Ghana’s inflation percentage was 12.6 % it rose to 49.5 % in 2000. Beginning in 2000 Ghana’s inflation rate has been because of an extent of external shocks, unjustifiable macroeconomic policies, and tariffs of depreciation. However the major cause of inflation from 2000-2003 is the Bank of Ghana role in the obtaining of the country’s greater product cocoa; which is Ghana’s main cash crop. Big amounts of cash were distributed each year into the economy by the size of the crop and the producer price. Superior the amount carried in the more the money supply would grow and the higher their inflation rate rose. Some also believe the country borrowed from the Central Bank in 2000 to sponsorship their presidential election.
"Ghana." Economy: Population, GDP, Inflation, Business, Trade, FDI, Corruption. Index of Economic Freedom, n.d. Web. 08 Apr. 2014. .
Founou-Tchuigoua, Bernard Food self-sufficiency: Crisis of the collective ideology African agriculture: The critical choices. United Nations University Press (1990) ISBN 0-86232-798-9
Accra, the capital of the beautiful and welcoming nation Ghana, is located in West Africa, West Africa’s Gulf of Guinea. It is known for its wildlife, beauteous attractions, and richness in gold and secluded beaches. Ghana also known as the “Gold Coast,” gained their independence on March 6th 1957 from the British. The nation was led to independence by the first president Kwame Nkrumah, who altered the country to a republic. Ghana continues to grow each day as a nation, Though Ghana is growing each day they face many economic and social problems, such as poverty, health issues, education, corruption, and economic challenges.
Ghana is a country located on the west coast of Africa; Africa is a resource rich continent that supplies much of the world with diamonds, oils, petroleum and more through trade. The country of Ghana has undergone revision in their labor forces in the past twenty years, Ghana has moved more from the traditional labor sector like agriculture to more modern sectors. One of the more modern sectors of Ghana today is the industrial sector which is relatively small and is mainly operated by the Ghanaian government. The industrial sector was expanded by the government and president to employ the unemployed and promote investment in the private sector. After the 1990’s Ghana has seen consistent economic growth but their economic growth from the last eight years has increased tremendously. In the most recent of years ( after 2004) the growth rate of Ghana started to accelerate and it increased to over six percent between a five year span from 2005-2010, with the average being above seven percent in 2000 and 2009. The increase in sectors has taken Ghana from a poverty rate of more than half 51.7% to 28.5% by the year 2005. Before Ghana’s independence on March 6, 1957 most of the country’s gdp was contributed to agriculture and the industry sector was less of a contributor. Recently, between the years of 2001-2010 the roles of whom or what contributes to the gdp has switched. Most of the contribution to the gdp is that of the service sector. Even though, the service sector has risen to the top of the economy, agriculture is slowly but surely is rising back to the top of Ghana’s highest gdp contributor by the way of nontraditional exports like automobiles and cocoa. The service sector of Ghana provides many residents w...
Economic development is highly dependent on the natural resources for food and energy production, which inputs to manufacturing, and to absorbing wastes and pollutants. Thus, there is a high dependency on farming. However, South Africa is not rich in agriculture resources; ...
An entrepreneur is someone with the capacity to lead a business to success and is willing to take the risks in order to accomplish their goals. (Dollonger, 2002). Starting a new business is an example of entrepreneurship. Entrepreneurs are very important in order for any business to succeed, however, only some entrepreneurs will succeed in life. Here are some of the characteristics of successful entrepreneurs.
According to the Ghana Poverty Mapping report (2015), the three northern regions of Ghana are the poorest in Ghana with the highest concentration of poor people in the north-western part of the country. They have experienced tremendous improvements over the past years due to several aid initiatives introduced by the government, NGOs and other international agencies to the area. (The National Poverty map can be seen at appendix 4, figure