Kwame Nkrumah

Kwame Nkrumah (September 21, 1909 - April 27, 1972) was a Ghanaian politician and one of the most influential founders of Pan-Africanism.

Economics

See also: Economy of Ghana

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Nkrumah attempted to move Ghana’s economy toward a more industrial model. His reasoning was that moving Ghana out of the colonial trade system by reducing its dependence on foreign capital, technology, and material goods would allow it to become truly independent. Unfortunately, he moved to industrialization at the expense of his country’s cocoa growing sector, which had been a strong economic sector until then. In the end, the various economic projects that he undertook were generally unsuccessful and hugely expensive. Neither did they remove Ghana from dependence on Western imports.

Related Topics:
Industrial - Colonial - Capital - Cocoa

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