Ghana's Economy: Checkpoint 1

Quick checkpoint - five questions on Ghana's history, cocoa, gold, oil and the 1983 reforms.

Quick checkpoint - five questions on Ghana’s history, cocoa, gold, oil and the 1983 reforms.

Question 1 of 5 What was Ghana's colonial name?

Gold Coast Ivory Coast Slave Coast Pepper Coast

Gold trade drew Europeans.

Question 2 of 5 What does COCOBOD do?

Sets cocoa farmgate prices and markets cocoa Mines gold Pumps oil Runs mobile money

Fixed prices can encourage smuggling.

Question 3 of 5 What is Ghana's largest export?

Gold Tea Cars Rice

Ghana is Africa's largest gold producer.

Question 4 of 5 When did Ghana's Jubilee oil field start production?

2010 1957 1983 2022

A 2011 law manages oil revenue.

Question 5 of 5 Who launched Ghana's 1983 reforms?

Jerry Rawlings' government Kwame Nkrumah The British COCOBOD

The cedi was devalued and cocoa prices raised.

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