World 10 worst managed economy Do not worry thanks to Preval...

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world 10 worst managed economy Do not worry thanks to Preval haiti made the list

ca.finance.yahoo.com/personal-finance/...

Ghana has the world's largest manmade lake and the 1-gigawatt Aksombo Hydroelectric Plant, built to supply electricity to Africa's largest aluminum smelter.

But the smelter has been idle since 2009, a casualty of low aluminum prices and persistent electricity shortages that have forced the government to divert the power elsewhere.

Ghana is a typical example of the world's worst-managed economies: It's a country that shouldn't be poor, but it is. The West African nation's gross domestic product per capita fell 9% last year to US$621, ranking it 154th out of 184 countries tracked by the International Monetary Fund, below resource-impoverished Haiti.

With a US$3 billion trade deficit last year and $4.9 billion in external debt, Ghana is struggling to pay its bills even as it sits on some of the world's biggest reserves of gold and bauxite, as well as considerable amounts of offshore oil, which is being developed by Anadarko Petroleum and others.

Antonioj, June 12 2010, 4:40 PM

Topic: Interim Reconstruction:Strengthening or Undermining Haiti? by Stanley Lucas

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