Economics
Nkrumah attempted to rapidly industrialize Ghana's economy. He reasoned that if Ghana escaped the colonial trade system by reducing dependence on foreign capital, technology, and material goods, it could become truly independent. However, overspending on capital projects caused the country to be driven into debt—estimated as much as $1 billion USD by the time he was ousted in 1966.
Read more about this topic: Kwame Nkrumah
Famous quotes containing the word economics:
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