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1979 - constitutional assembly working on a new constitution presents an approved draft to government. 15 May 1979 - a group of junior officers led by Flight Lieutenant Jerry Rawlings attempt a coup. [4] Coup is unsuccessful, the coup leaders were jailed and held for court-martial. [4]
The area of the Republic of Ghana (the then Gold Coast) became known in Europe and Arabia as the Ghana Empire after the title of its Emperor, the Ghana. [1] Geographically, the ancient Ghana Empire was approximately 500 miles (800 km) north and west of the modern state of Ghana, and controlled territories in the area of the Sénégal River and east towards the Niger rivers, in modern Senegal ...
The Political history of Ghana recounts the history of varying political systems that existed in Ghana during pre-colonial times, the colonial era and after independence.. Pre-colonial Ghana was made up of several states and ethnic groups whose political system was categorized by 3 main administrative models; Centralized, Non-centralized and Theocratic stat
By 1971 the US$580 million had been further inflated by US$72 million in accrued interest payments and US$296 million in short-term commercial credits. Within the country, an even larger internal debt fueled inflation. [2] Ghana's economy remained largely dependent upon the often difficult cultivation of and market for cocoa. Cocoa prices had ...
The Nixon shock was the effect of a series of economic measures, including wage and price freezes, surcharges on imports, and the unilateral cancellation of the direct international convertibility of the United States dollar to gold, taken by United States president Richard Nixon on 15 August 1971 in response to increasing inflation.
2003 October - Government approves merger of two gold-mining firms, leading to the formation of AngloGold Ashanti. 2004 December - John Kufuor re-elected as president of Ghana. 2006 - Ghana National football team, the black stars play in the 2006 FIFA World Cup. 2007 March - Ghana @ 50 celebrations mark 50 years of independence from Britain.
The rebase moved Ghana into middle income status and it placed the country as the third largest in the ranking of GDP per person in West Africa behind Cape Verde and Nigeria. After the changes in statistics, the service sector became the largest sector of Ghana's economy with a share of 51%.
The Provisional National Defence Council (PNDC) was the name of the Ghanaian government after the People's National Party's elected government was overthrown by Jerry Rawlings, the former head of the Armed Forces Revolutionary Council, in a coup d'état on 31 December 1981. He remained in power until 7 January 1993.