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GHANA The economy Ghana's national income is derived primarily from agricultural and mineral output and only to a limited extent from manufacturing and services. Most of the cash crops and mineral products are for export. Before independence the government's role was limited mainly to the provision of basic utilities such as water, electricity, railways, roads, and postal services. Agriculture, commerce, banking, and industry were mostly privately owned, with foreign interests controlling the greater share in all of them except agriculture. Shortly after independence, the government set out to extend its control over the economy by setting up a large number of state-owned enterprises in agriculture and industry. In order to make up for the local shortage of capital and entrepreneurial skills, measures were adopted to attract foreign investors. These policies did not achieve the desired results because of poor planning and corrupt administration. By 1966, when the administration of President Kwame Nkrumah was overthrown,...

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