Ghana is currently the world's second biggest cocoa producer in the world behind Ivory Coast and Africa's top notch gold excavator after South Africa. In June 2007, major seaward oil saves were also discovered and counted among its resources.
In spite of being plentiful in mineral assets and gaining independence in an early year, Ghana succumbed to debasement and botch not long after freedom.
Ghana was previously known as the Gold Coast because gold was the number one resource of the land. With the exception of Gold, Ghana was blessed with a well fertilized soil which could literally grow any crop giving it the right conditions.
The major problem of the country was the leadership which couldn’t utilize or say balance the power and the wealth of the country. After Ghana became a republic state, the country encountered several overthrows of their sitting governance and military regime which delayed the development of the country.
In 1966, some leaders of the country established a military coup, including the officer in charge of the army, Colonel E. K. Kotoka who charged that the sitting government was abusive and corrupt. Greed for power and wealth grew among several leaders that came into power after the overthrow of the CPP government.
It could be debated that, if not for the greed among some leaders who misused the resources of the country, Ghana would have grown strong and powerfully and could contest for the world richest country.
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