Countires+of+Interest

Ghana was created as a parliamentary democracy at independence in 1957, followed by alternating military and civilian governments. In January 1993, military government gave way to the Fourth Republic after presidential and parliamentary elections in late 1992. The 1992 constitution divides powers among a president, parliament, cabinet, council of state, and an independent judiciary. The government is elected by [|universal suffrage]; however, the legislature is not proportionate, with low-population districts receiving more representatives per person than those with high populations.

At independence, Ghana had a substantial physical and social infrastructure and $481 million in foreign reserves. The Nkrumah government further developed the infrastructure and made important public investments in the industrial sector. With assistance from the United States, the World Bank, and the United Kingdom, construction of the Akosombo Dam was completed on the Volta River in 1966. Two U.S. companies built Valco, Africa's largest aluminum smelter, to use power generated at the dam. Aluminum exports from Valco used to be a major source of foreign exchange for Ghana, but an investment dispute beginning in 2001, followed by sale back to the government, has led to sporadic operation in recent years, and it was closed again in March 2007 due to the country's energy crisis.