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By 1971 the US$580 million had been further inflated by US$72 million in accrued interest payments and US$296 million in short-term commercial credits. Within the country, an even larger internal debt fueled inflation. [2] Ghana's economy remained largely dependent upon the often difficult cultivation of and market for cocoa. Cocoa prices had ...
He won a second term on 9 December 2020 in a tightly contested race against National Democratic Congress (NDC) candidate and former president, John Mahama. He focused his campaign on the economy, promising to stabilise the country's foreign exchange rate and to reduce unemployment levels. [1] Akufo-Addo faced a banking crisis during his first term.
1. ^Note 1 Cabinet does not include deputy ministers. Article 76(1) of the 1992 Constitution states that, "There shall be a cabinet which shall consist of the President, the Vice President and not less than ten and not more than nineteen Ministers of State". [107] 2. ^Note 2 Sarah Adwoa Safo doubles as Deputy Majority Leader.
Considered the founding fathers of present-day Ghana, [2] the members of the Big Six were: [3] Kwame Nkrumah – first prime minister and first president of Ghana [4] [5] Ako Adjei – founding member of the UGCC [6] Edward Akufo-Addo – founding member of the UGCC and subsequently chief justice and president of Ghana [7]
Edward Akufo-Addo JSC (26 June 1906 – 17 July 1979) [1] [2] was a Ghanaian politician and lawyer. He was a member of the "Big Six" leaders of the United Gold Coast Convention (UGCC) and one of the founding fathers of Ghana who engaged in the fight for Ghana's independence. [3]
This is a listing of the ministers who served in Busia's Progress Party government during the Second Republic of Ghana. The Second Republic lasted from 1 October 1969 to 13 January 1972. The Second Republic lasted from 1 October 1969 to 13 January 1972.
The Second Republic Constitution used a decentralized form of government, where the local administrations served as extensions to the central government, which set the local administration's prerogative. [32] The Second Republic began on 1 October 1969 with K. A Busia as the Prime Minister and Edward Akufo-Addo as president and ceremonial head ...
In 2011, Ghana was the fastest growing economy in the world at 20.15% for the first half of the year and 14.4% at the end of the financial year according to the International Monetary Fund and EconomyWatch.com. [29] [30] [31] Moreover, Ghana's budget deficit was reduced to 2% of the Gross Domestic Product during his tenure compared to 14.5% of ...