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Ghana's central bank delivers a record rate cut as inflation cools rapidly. According to Reuters, the Bank of Ghana has made the largest cut in its history, slashing its benchmark interest rate by 300 basis points to 25%. This reflects "growing confidence in the disinflation

An interesting piece of Ghana's economic history.

"We were engaged in a kind of war, a war against poverty and disease, against ignorance, against tribalism and disunity." --Kwame Nkrumah, "Africa Must Unite." To this end, in 1958, the Nkrumah government passed "An Act to prohibit organizations using or engaging in racial or

Prior to Kwame Nkrumah and his administration taking office, British officials had prepared a ten-year plan for development for the new government to consider. Nkrumah implemented the complete plan in only five years. He wasn't the type to brag about that sort of thing, which

Development is broader than many think it is. "We have to work hard to evolve new patterns, new social customs, new attitudes to life, so that while we seek the material, cultural and economic advancement of our people, while we raise their standard of life, we shall not

A flushing tank at the head of a main drain in Cape Coast, pre-independence Ghana. Credit: Colonial archives.

“If I asked people what they wanted they would have said a faster horse.” -- Henry Ford, a pioneer in making automobiles affordable for middle-class Americans through the system that came to be known as Fordism. This famous quote highlights the idea that customers may not

Nkrumah's Seven-Year Development Plan (1963-1970) actually included a focus on building a domestic electronics and machinery industry after 1970 (p. 12). Unfortunately, its implementation was not possible due to Nkrumah's removal from office in 1966.

Kweku Opoku-Agyemang, Ph.D Ghana would have been one of the most powerful economy, advanced, developed and self-sufficient country had Nkrumah blueprint has been followed n implemented to its last core... Man didn't only had a vision, he had a dream n a desire to make it happen.. hmm is all I can say..

A thread about the other GBC: the Ghana Boatyards Corporation.

"Divided we are weak: united, Africa could become one of the greatest forces for good in the world." Kwame Nkrumah, in "I Speak of Freedom", Heinemann, London, 1961, Preface, p. хіi.