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THREE ERA's OF GHANA's INDUSTRIAL DEVELOPMENT
During the Pre-Independence Era of Industrial Development, the industrial sector of Ghana’s economy governed by colonial rulers was very small. The colonial rulers wanted to extract raw materials from the Gold Coast (Ghana), particularly the gold and diamonds. In the 1950’s Ghana economically centered around five years plans. The first of these plans was concerned with Ghana being able to feed its people. Kwame Nkrumah in the Pre-Economic Recovery Era laid the foundation for Ghana’s present growth and development of its infrastucture. He believed that industrialization would be the means to provide employment for the masses. It is still believed that industrial development is the only way to move from the poverty trap. Therefore, Ghanaians must not rely on imports, but rather be able to produce goods to make Ghana truly independent during the current Economic Recovery Era. For more information, please click on one of the following:
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