Ghana - The economy

CT E D 1Pf 9 ]JjrR o r t N o. EA-10a | This report was prepared for use within the Bank. It may not be published nor mav it be quoted as representing the Bank's views. The Bank accepts no I | responsibility for the accuracy or completeness of the contents of tho report. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT THE ECONOMY OF GHANA June 29, 1960 Department of Operations Europe, Africa and Australasia  EQUIVALENTS Currency Unit: Ghana pound (LG) bG l = L Sterling l = U.S. $2. 80 I-C I million- = U= S- $2 R million LG 100 million = U. S. $280 million Weights 1 pound (lb.) = 0. 453 kilograms 1 long ton = 2240 lbs. 1 long ton = 1. 12 short tons - 1.016 metric tonis (Unless otherwise stated, all weights are expressed in long tons.) Cocoa price EG 200 per long ton - U. S. $0. 25 per lb. LG 240 per long ton = U. S. $0. 30 per lb. LG :280 per long ton = U. S. $0. 35 per lb.  CONTENTS Page BASIC STATISTICS MAP OF GHANA THE SETTING--. 1 The Countr--rv --- . .. .=. 1 The People .. ........., . .., 1 G.ou(rnurnp,v = = = .- 2 Economic Structure.... 4 I4AJOR ECONOMIC SECTORS.................... .. ..... 5 Cocoa... 5 Minerals.. 9 Oth9.e r por+ts., . , 10 Domestic Foodstuffs... 10 Ind1MOustr~y ............ .... ... .... ... Electricity ...............,,.,. 12 .LJ. alDH1i - LJ