Why is Ghana an LEDC?

By facebooker_1530338171
  • Jan 1, 1502

    First slave ship leaves west africa

    First slave ship leaves west africa
  • Jan 1, 1528

    Chocolate drink from the Aztecs introduced to Europe, by Spanish explorers.

    Chocolate drink from the Aztecs introduced to Europe, by Spanish explorers.

  • First British trading settlement set up on the Gold Cost

    First British trading settlement set up on the Gold Cost

  • London's first drinking chocolate café opens

    London's first drinking chocolate café opens

  • Slavery abolished in Europe

    Slavery abolished in Europe

  • The world's first chocolate bars made in England by J S Fry and Sons

    The world's first chocolate bars made in England by J S Fry and Sons

  • Britain takes control of the south of the Gold Cost

    Britain takes control of the south of the Gold Cost

  • A Ghanaian brings back cocoa plants from Fernando Po, an island off Africa

    A Ghanaian brings back cocoa plants from Fernando Po, an island off Africa

  • The first cocoa exported to Britain

    The first cocoa exported to Britain
  • Period: to

    Railways are built by the British Colonial Government

    Railways are built by the British Colonial Government

  • Large harbour is built at Takoradi

    Large harbour is built at Takoradi

  • The akosombo dam is completed, providing Ghana with hydroelectricity.

    The akosombo dam is completed, providing Ghana with hydroelectricity.

  • Economy almost collapses due to low cocoa prices and other problems

    Economy almost collapses due to low cocoa prices and other problems

  • Ghana has to pay back loans of $1.5 billion to other countries

    Ghana has to pay back loans of $1.5 billion to other countries

  • Ghana earns $222 Million from selling rainforest timber

    Ghana earns $222 Million from selling rainforest timber

  • Crisis in Asia and Russia cause world chocolate sales to fall

    Crisis in Asia and Russia cause world chocolate sales to fall

  • Over $2 billion of Ghana's Debts are cancelled

    Over $2 billion of Ghana's Debts are cancelled

  • Large deposits of Oil and Gas are found on Ghana's Coast

    Large deposits of Oil and Gas are found on Ghana's Coast