ENGLISH

Development and the Debt Trap : Economic Planning and External Borrowing in Ghana

By Andrzej Krassowski

Book information

Publisher
Taylor & Francis Group
Year
2011
ISBN
9780203839904, 9780415592826
LCC
HC1060 -- .K73 2015eb
Language
english
Format
EPUB
Filesize
4 MB (4411764 bytes)
Series
Routledge Library Editions: Development Series
Edition
1
Pages
179\0
Time added
2023-08-23 02:45:45
DebtsExternal -- Ghana. ; Ghana -- Economic policy. ; G

Description

Ghana is one of the earliest and most serious examples of the build up of foreign debt by a developing country to support its policies for economic growth. This study, first published in 1974 in conjunction with the Overseas Development Institute, analyses Ghana's economy over twenty years and highlights the problems of the debtor/creditor relationship between developed and developing countries. The study concludes with an assessment of the creditors' contribution to Ghana's critical debt position through their readiness to supply funds without adequately analysing the viability of the programmes they supported and through the repayment and interest terms they offered - terms which were too heavy for Ghana to meet.

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