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In: Economics

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

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

Solutions

Expert Solution

In1963,while planning national development, the constant, fundamental guide is the need for economic independence.

In the industrial sphere, kuame Nkrumhas aim has been to encourage the establishment o f plants [factories] where we have a natural advantage in local resources and labour, or where we can produce essential commodities required for development or for domestic consumption.

During 1961, over 60 new factories were opened [in Ghana]. Among them were: a distillery, a coconut oil factory, milk processinng

In the industrial sphere, our their aim has been to encourage the establishment o f plants [factories] where we have a natural advantage in local resources and labour, or where we can produce essential commodities required for development or for domestic consumption.

planning national development, the constant, fundamental guide is the need for economic independence.

In the industrial sphere, our aim has been to encourage the establishment o f plants [factories] where we have a natural advantage in local resources and labour, or where we can produce essential commodities required for development or for domestic consumption.

planning national development, the constant, fundamental guide is the need for economic independence.

In the industrial sphere, our aim has been to encourage the establishment o f plants [factories] where we have a natural advantage in local resources and labour, or where we can produce essential commodities required for development or for domestic consumption

The Volta River scheme involves the production of hydro-electrical power by damming the river and applying the great volume o f resultant cheap power to convert our bauxite resources into aluminium and to provide electrification for the nation’s other industries.

The Volta is our largest river, and we have enough bauxite to feed an aluminium smelter with a capacity of 200,000 tons

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