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The Ministry of Local Government and Rural Development is the Government of Ghana agency responsible for the promotion of government policies and projects in Ghana. [1] The ministry also promotes governance and balanced rural based development.
As the economic fortunes of African societies have waxed and waned, so, too, have Ghana's, leaving that country in the early 1990s in a state of arrested development, unable to make the "leap" to Africa's next, as yet uncertain, phase of economic evolution.
Ghana became the largest gold-producing country in Africa after overtaking South Africa in 2019. [28] The country is also the second-largest cocoa producer (after Ivory Coast). [29] Ghana is rich in diamonds, manganese or manganese ore, bauxite, and oil. Most of its debt was cancelled in 2005, but government spending was later allowed to balloon.
The NDPC, as a Ghanaian state agency, was established solely to work closely with every President of the Fourth republic of Ghana.The commission is mandated to make provisions for coordinated program of Economic and Social Development policies, which the President of Ghana under the constitution is required to submit to parliament within two years.
The Centre seeks to boost and increase investment to develop the economy of Ghana. [4] Established by the Ghana Investment Promotion Centre Act, 2013 (Act 865), GIPC plays a crucial role in attracting both local and foreign investments to foster economic growth and development.
Artisanal gold mining, locally known as "galamsey", has been credited with contributing to the development of local economies. [82] In 2023, Ghana's mining sector continued to be a significant contributor to the nation's economy. The sector's mineral revenue increased by 4.3%, rising from US$5.6 billion in 2022 to US$5.8 billion in 2023.
The establishment of GODI is meant to promote efficiency, transparency and accountability in governance as well as to facilitate economic growth by means of the creation of Mobile and Web applications for the Ghanaian and world markets. The project was scheduled for completion in 2014 and aimed to create a sustainable Open Data ecosystem for Ghana.
The Ghana Free Zones Authority (GFZA), is a Ghanaian government-controlled institution formed on 31 August 1995 to facilitate the setting up of Free Zone in Ghana to improve the economic development and to regulate its related activities. [1] [2] It was enacted by an Act of Parliament, the Free Zone Act 1995 (Act 504). [3]