Ghana is a culturally-rich country, with many different ethnic and racial groups living in harmony together. Unfortunately, its economy is in a less harmonious phase, due to many developmental issues.
Natural Resources & Poverty
Ghana is prosperous in several natural resources, including gold, silver, salt, fish, petroleum, limestone, and timber. Unfortunately, in spite of these resources, the country also bears poverty, hunger, poorly run government, and corruption, to name a few of the numerous social and economic problems.
Many Ghanaian farmers grow crops and raise animals just to feed themselves and their families. When crop failures happen, many families, including children, go to bed hungry. Poor farming practices, poor climate surroundings, and the absence of farming grants together account for the poverty that is widespread across the Republic of Ghana. While Ghana is second only to the Ivory Coast as the world’s biggest producer of cocoa beans, people in many of the country’s rural areas are poverty stricken.
Crop failure, unfortunately, is not uncommon in northern regions of Ghana, where the weather is unpredictable for its rainfall levels each year. Dry, dusty conditions do not lend themselves well to agriculture. When rain does occur, it can cause floods that destroy crops and animals that families depend on for their food supply.
While Ghana shows such promise regarding its abundance of natural resources, it cannot keep up with economic growth because of problems with its infrastructure. Perhaps the most persistent issues are water and electricity.
The upper areas of Ghana lack safe drinking water, which leads to water-related illnesses, which children are unfortunately the most vulnerable to acquiring. As for power blackouts, they regularly happen in Ghana and can extend for long periods of time. Not every village or town in the country even has electricity to begin with.
As if these economic problems are not enough to render a country crippled, the local Cedi currency has been mismanaged to the point that it has a gross depreciation, and the country has accumulated a large fiscal deficit.
The Ghanaian government must have a meeting of the strongest minds to create a strong infrastructure that puts Ghana back on the developmental path. One suggestion is to offer soft loans to farmers so they can continue to grow crops to feed the people of Ghana and export food to produce more foreign revenue. Rather than pointing fingers at who is to blame for the Ghana economic crisis, the best plan is to join Ghanaians together to solve the economic woes.