Write a review on Kwame Nkrumah's seven-year development plan for Ghana specifying whether the objectives were...

Write a review on Kwame Nkrumah's seven-year development plan for Ghana specifying whether the objectives were achieved and if not indicate the setbacks to the objectives.

Expert Solution

Review on seven year development plan for Ghana-
The seven year development nplan costes around $2.85 million
The president Nkrumah told that even though Ghana had chosen socialist system but they have to move outside and go for the private investment also In order ro fulfill the plan
He added that for some period of time they will have a mixed Economy in the country. Government will invest in this half of the amount of $2.5 million and remaining amount will be given Foriegn investors , local authorities and cooperative societies.

Objectives which were achieved-

Speeding up the Economic activities and economic growth in the country
Success in collecting the various petty projects so that they can build preparation for future planning

Objectives that were not achieved has following set backs

Their goal was to eradicate colonial structure for their economy but they failed to do so
Since they were unable to consolidate their position it became necessary after the conclusion of the program to take a paude for two years so that country can again consolidat their position

Rahul Sunny answered 2 years ago

Discuss about the Volta river project in the Kwame Nkrumah's seven-year development plan for Ghana.

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