Ghana and the United States Relationship
The Republic of Ghana & The Unites States of America: The Analysis of Investment and Trade
Relationship
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Outline
Introduction
Statement of intent and Background information
Government support Business impact Government regulation
V. Business compact and lobbying organization
Capitalism is an economic and political system where a country’s commerce and industry is dictated and controlled by private owners. In many developing countries, capitalism can lead to foreign corporations penetrating and taking over different markets and squeezing out the local entrepreneurs. Ghana which is official known as the Republic of Ghana is a west African country with abundant natural resources. These natural resources are a target of international commerce, corporate investments, and exploitation by the developed nations. In this essay, I will examine the relationship between the Unites States of America and the Republic of Ghana focusing on investments and trade. The land, labor, capital, space, and abundant resources in Ghana plays a key role when focusing on the international relationship with the United States. Approximately 56 percent of the workforce consist of farming, and the agricultural sector makes up 37 percent of the nation’s gross domestic product (GDP). In addition, 70 percent of the land is arable, fertile, and forested. The natural resources consist of gold, oil, timber, diamonds, bauxite, manganese, rubber, cocoa, wood manufactures, pineapples, cashews, spices, fish, and other food crops. The USA is one of the primary trading allies with Ghana, mainly, through gold mining, wood products, and petroleum; however, they trade other items such as yams, cassava, and cocoa paste. In 2007, there was a discovery of oil in the Jubilee Field of the coast of Ghana by the Ghana National Petroleum Corporation (GNPC) and productions began in December 2010, and it is projected that Ghana would be one of the
Relationship
[pic]
[pic]
Outline
Introduction
Statement of intent and Background information
Government support Business impact Government regulation
V. Business compact and lobbying organization
Capitalism is an economic and political system where a country’s commerce and industry is dictated and controlled by private owners. In many developing countries, capitalism can lead to foreign corporations penetrating and taking over different markets and squeezing out the local entrepreneurs. Ghana which is official known as the Republic of Ghana is a west African country with abundant natural resources. These natural resources are a target of international commerce, corporate investments, and exploitation by the developed nations. In this essay, I will examine the relationship between the Unites States of America and the Republic of Ghana focusing on investments and trade. The land, labor, capital, space, and abundant resources in Ghana plays a key role when focusing on the international relationship with the United States. Approximately 56 percent of the workforce consist of farming, and the agricultural sector makes up 37 percent of the nation’s gross domestic product (GDP). In addition, 70 percent of the land is arable, fertile, and forested. The natural resources consist of gold, oil, timber, diamonds, bauxite, manganese, rubber, cocoa, wood manufactures, pineapples, cashews, spices, fish, and other food crops. The USA is one of the primary trading allies with Ghana, mainly, through gold mining, wood products, and petroleum; however, they trade other items such as yams, cassava, and cocoa paste. In 2007, there was a discovery of oil in the Jubilee Field of the coast of Ghana by the Ghana National Petroleum Corporation (GNPC) and productions began in December 2010, and it is projected that Ghana would be one of the
Cited: Cook, Nicolas. Ghana: Background and U.S. Relations, 2009. Congressional research service. http://www.fas.org/sgp/crs/row/RS22809.pdf. Web. 18 April. 2012. Botwe-Asamoah, Kwame. "Neocolonialism." Encyclopedia of Black Studies. Ed. Molefi Kete Asante and Ama Mazama. Thousand Oaks, CA: Sage Reference, 2005. 372-375. Gale Virtual Reference Library. Web. 17 March. 2012. "Ghana." Global Issues in Context Online Collection. Detroit: Gale, 2012. Global Issues In Context. Web. 25 March. 2012. Rawlings, Jerry J. "The Constitution Of The Republic Of Ghana 1992." www.judicial.gov. Web. 25 March. 2012.