ECONOMIC RECOVERY
Ghana has an abundance of both natural and human resources. The natural resources include mineral wealth, a good supply of arable land suitable for both crop and livestock production, forest resources, marine and freshwater fish stocks, and a good potential for hydroelectricity generation. The economy of the country is based on two distinct sectors:

• A large, traditional sector (principal by agricultural and informal activities);
• Relatively small, labour-intensive industrial and service sector.

Ghana began an Economic Recovery Program (ERP) in 1983, and has undertaken a series of comprehensive macroeconomic and structural adjustment reforms aimed at reversing the economic decline that had characterised the state of the economy for almost a decade. The reform program included restructuring of institutions, diversifying the economy, balancing the national budget, liberalising trade and currency and attracting direct private investment. The ERP also sought to improve the economy's capacity to adjust to both external and internal shocks and to generate sustainable growth and development. It is widely acknowledged by economic analysts that the reforms have largely succeeded. The precipitous decline in real GDP has been arrested and reversed, with the result that annual GDP growth rate has averaged 5 percent since 1984. Government revenues have increased to an extent that the overall fiscal balance has shown a surplus. In addition, the growth in money supply has been controlled, bringing about relative price stability in the economy.