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The Ghana banking crisis was a severe banking crisis that affected Ghana between August 2017 and January 2020. The Bank of Ghana (BoG) allowed several indigenous banks to be taken over by private companies between August 2017 and January 2019 after Nana Akufo-Addo was elected president in December 2016.
Civil service reform is a deliberate action to improve the efficiency, effectiveness, professionalism, representativity and democratic character of a civil service, with a view to promoting better delivery of public goods and services, with increased accountability.
Change management is faced with the fundamental difficulties of integration and navigation, and human factors. [citation needed] Change management must also take into account the human aspect where emotions and how they are handled play a significant role in implementing change successfully. [citation needed]
The transition formally starts when the electoral commission of Ghana declares an "apparent winner" of the election thereby releasing the funds appropriated by the parliament of Ghana for the transition, and continues until inauguration day, when the president elect takes the oath of office, at which point the powers, immunities, and ...
Pervasive corruption exacerbated these problems. [1] In 1966 a group of military officers overthrew Nkrumah and inherited a nearly bankrupt country. [1] Since 1966 Ghana has been caught in a cycle of debt, weak commodity demand, and currency overvaluation, which has resulted in the decay of productive capacities and a crippling foreign debt. [1]
The United Nations Development Programme (UNDP) is supporting the reorganisation of the Ghana Prisons Service under a four-year project, focusing on human rights development. As part of the restructuring, the Borstal Institute for Juveniles is now called the Senior Correctional Centre. [5]
In part because Nigeria's military had accomplished a coup of its own in January 1966, regime change in Ghana did not come as a complete shock. [26] Under new leadership, groups like the Trades Union Congress and the Ghana Young Pioneers (shortly before they were disbanded) celebrated the coup and renounced Nkrumaist socialism. [ 27 ]
Ghana became the largest gold-producing country in Africa after overtaking South Africa in 2019. [28] The country is also the second-largest cocoa producer (after Ivory Coast). [29] Ghana is rich in diamonds, manganese or manganese ore, bauxite, and oil. Most of its debt was cancelled in 2005, but government spending was later allowed to balloon.