When Ghana gained its independence from Britain in 1957, the economy appeared stable and prosperous. … Since then, 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.
Does Ghana have a mixed economy?
Ghana operates a mixed economy, with a dominant agricultural sector. … The fundamentals of Ghana’s economy are reasonably stable. For 2014 GDP was provisionally estimated at 6.9 percent, down from a revised target of 7.1 percent and the 2013 growth of 7.6 percent.
What is our economic system called?
The United States has a mixed economy. It works according to an economic system that features characteristics of both capitalism and socialism.