Development Challenges of Ghana: The Impact of Foreign Aid and Leadership

Abstract

Many African countries after gaining independence have not been able to live up to expectation of providing the basic needs necessary for sustenance and growth. A continent that is regarded as the birthplace of modern civilization has become the last to be made truly habitable. There are various debates regarding the underdevelopment and development of the African continent. Despite Africa's natural resource endowment, it is not able to benefit much from their resources. Ghana is not an exception. Regardless of the rich natural resources like gold, diamond, oil, manganese, timber etc. that Ghana is endowed with, Ghana still lacks the edge to benefit from this wealth.  The political leadership of the country has been bent on seeking foreign assistance all the time, yet it seems there has not been significant improvement in the lives of the citizens. This work examines the development challenges of Ghana in the light of foreign aid influx and leadership with reference to the theoretical arguments of dependency theory.