Why is Ghana an LEDC?

  • 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