Ghana - Current economic position and prospects

L S R I C T E: FLU~ 1~ R e p o r t N1 o. EA-121a. This report was preoared for use within the Bank. It may not be nublished l nor may it be quoted as representing the Bank's views. The Bank accepts no responsibility for the accuracy or completeness of the contents of the report. I INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT CURRENT ECONOMIC POSITION AND PROSPECTS 5F GFIH-AN!.1 A August 29, 1961 Department of Operations Eurone. Africa and Australasia  EQUIVALENTS Currency Unit: Ghana pount (IG) T f1 = T ei 1 = C. d-$. O8 -M~j I 01 J e r' ing .I = u * '. 4. oU LG 1 million = U. S. $2. 8 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 tons (Unless otherwise stated, all weights are expressed in 'long tons.) Cocoa price E G 100 per long ton = U. S. $0. 125 per lb. 1M G 200 per long ton = U. S. $0. 25 per lb.  CURRENT ECONOMIC POSITION AND PROSPECTS OF GHANA Table of Contents Page BASIC STATISTICS SUh''1ARY AND CONCLUSIONS . . . ... .. . . . . ... ... i I . INTRODUCTION.. .... ........... e o.. ... . . 1 II. THE ECONOMY IN 1960.. . . . . 1 Pro(:luction. ........... *.* .... ..OO..... ....... 0... 0 1 FinanGe. . . .......................