Poverty in Afica ( Ghana) Research Paper Example | Topics and Well Written Essays - 2000 words

Poverty in Afica ( gold coast) - Research base ExampleFor this reason Africa has poised to become the next frontier of economic growth, yet gold coast and numerous other Afri mountain nations have continued to roost in poverty. Majority of the citizens are still in the poverty and a significant proportion has continued to enjoy chronic extreme poverty. In Ghana 28% of the population is living conditions of extreme poverty (Owusu and Mensah, 2013). In this paper therefore, I will be exploring some of the reasons behind Ghana state of poverty despite possessing vast inborn resources.Ghana continues to remain poor yet the country is home to vast mineral deposits, arable agricultural land and umpteen other natural resources that are vital to economic development. At a time when manufacturing industries in the Europe, china, Japan, the States and beyond are sourcing edged materials almost entirely from the African continent, Ghana and many other nations in Africa have no viable indu strial or manufacturing economy beyond agro processing and production of raw materials. This situation can be looked at from different perspectives. Firstly, some have argued that Ghana and the entire Africa lacks friendship on what can be done with the vast wealth in terms of oil, minerals and gas deposits. It can as well be argued that Ghana does not place any economic value at all to the rich mineral resources. Yet it can also be argued that that Africans are traditionally non-capital orientated and as such they derive satisfaction from just the surface value rather than what lies beneath their natural resource wealth. The most important issue here is that Africa and Ghana in particular is a light up exporter of raw materials and this translates into transforming economic benefit for its citizens as would be if it were converting these raw materials into finished products for export.The biggest problem facing Ghana with its rich natural resource base revolves around the capabi lity of converting the resources on a mass surmount into finished