Subject of this article is the unfolding pattern of economic events in Ghana in recent years. The purpose is to reach an understanding of why and how things happened as they did. The chapters of the article are entitled: The Innocent Economy; The pressure for Development; Beymond Innocence-the Direction of Economic Change. The article was written before the overthrow of the Nkrumah Government in February 1966. It is unlikely that the new administration is willing, or able in practice, to reverse the economic policies which have been followed since 1961. The alleviation of Ghana’s economic difficulties (greater willingness to meet the conditions stipulated by the IMF for its assistance) is unlikely to mean their removal. Unless there occurs an upward trend in the value of cocoa exports or substantial and rising inflow of foreign capital, the economic situation in Ghana may be expected to remain politically critical. Notes.
