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Since independence, Ghana has been devoted to ideals of nonalignment and is a founding member of the non-aligned movement. Ghana favors international and regional political and economic co-operation, and is an active member of the United Nations and the African Union. [4]
The constitution that established the Fourth Republic provided a basic charter for republican democratic government. It declares Ghana to be a unitary republic with sovereignty residing in the Ghanaian people. Intended to prevent future coups, dictatorial government, and one-party states, it is designed to establish the concept of powersharing.
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 Ministry of Finance and Economic Planning is the government ministry responsible for the economic and monetary health of Ghana. The Ministry is involved with economic planning, fiscal policy, national accounting, the national budget, and creating an environment for investment and growth. [1] The main offices of the Ministry are located in ...
This is the second time that John Mahama has been President of Ghana. His first term in government was when he inherited the government of President John Atta Mills who died in office in 2012. [1] [2] Mahama has remained as the leader of the National Democratic Congress since the death of Atta Mills.
Ghana is a unitary constitutional democracy led by a president who is head of state and head of government. [16] For political stability in Africa, Ghana ranked seventh in the 2012 Ibrahim Index of African Governance and fifth in the 2012 Fragile States Index.
Signaling a dramatic shift in policies, the ERP fundamentally changed the government's social, political, and economic orientation. [1] Aimed primarily at enabling Ghana to repay its foreign debts, the ERP exemplified the structural adjustment policies formulated by international banking and donor institutions in the 1980s. [1]
The State of the Nation address (sometimes abbreviated to SONA) is an annual address to Parliament given by the President of the republic of Ghana covering economic, social, and financial state of the country according to Article 67 of the 1992 constitution of Ghana. [1] [2] [3]