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Local economic development (LED) is an approach to economic development, of note in the developing world that, as its name implies, places importance on activities in and by cities, districts and regions. Local economic development combines economic development activities, urban planning, infrastructure development and social development ...
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.
The Ghana Investment Promotion Centre serves as a critical agency in Ghana's efforts to attract investments, stimulate economic growth, and create employment opportunities. Its management board plays a significant role in shaping the policies and strategies that drive investment promotion and facilitation in the country.
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.
Ghana's industrial base is relatively advanced. Import-substitution industries include electronics manufacturing. Rlg Communications is the first indigenous African company to assemble laptops, desktops, and mobile phones, and is West Africa's biggest information and communications technology (ICT) and mobile phone manufacturing company.
Local development is a relatively young theory in social sciences based on the identification and use of the resources and endogenous potentialities of a community, neighbourhood, city, municipality or equivalent. [1] [2] The local development approach considers the endogenous potentialities of territories.
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]
In the economics study of the public sector, economic and social development is the process by which the economic well-being and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and objectives.