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Kwame Nkrumah, first
president of an independent Ghana
ICCO International Cocoa
Organisation - all about cocoa!
Cocoa is one of Ghana's most
important exports:
Excel file
with the price of cocoa over the last 30 years - given in US
cents/lb. (figures from ICCO)
Cocoa stamps from
Ghana
CIA factbook on Ghana
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Third World Debt
Ghana's history - a factor
in underdevelopment?
Ghana Time
Line in
 format
Ghana's
history notes
Foreign Debt- how did it
come about?
There are a number of ways
in which developing countries have got deeply into debt; often
by one or more of the following:
-
LEDC countries trying
to modernise
their country - too fast for their resources.
-
LEDC Governments spending
millions on foolish 'prestige' projects.
-
LEDC dictators -
stealing the
country's money by spending lavishly on themselves and
setting up foreign bank accounts for their family and
supporters.
-
World prices for the
goods LEDC's export keep falling, so they needed to
borrow to keep basic services running.
-
War, famine or any natural
or man-made disaster.
-
Being offered
cheap loans by
banks in America or Europe - tempting the LEDC's.
-
Increased prices for
western manufactured
goods, and
rocketing oil prices.
Circular flowchart for qn.2 page 23
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