Ghana

Ghana's independence in March 1957 was celebrated with great flourish. But more than a quarter century of increasingly chaotic political and economic turbulence followed. Eventually a major reform program was launched, but after fifteen years its success has been modest. The long-run economic and political records are both lackluster, each limiting the potential of the other. The question is, why has Ghana not achieved sustained and rapid long-term growth? This study seeks to provide an answer.