June 27, 2022

NATIONAL LIBERATION COUNCIL

The National Liberation Council (NLC)

Major Joseph Arthur Ankrah

Formed government 24 February 1966 to 1 October 1969.

Came Into Power By: coup d'état

Coup Collaborators:
The Ghana Police Service
Ghana Armed Forces
Ghana Civil Service
CIA-supported
United States (then under Lyndon B. Johnson)
Britain (under PM Harold Wilson)

 

Government Implementation: Structural adjustment policies recommended by the International Monetary Fund (IMF) and World Bank.

Government Finances: Money in the national budget shifted away from agriculture and industrialization towards the military.

Foreign Companies: Foreign conglomerates operated on extremely favorable terms.

 

FACTORIES 

  • Ghana Industrial Holding Corporation (GIHOC)
  • Norway Cement Export
  • Abbott Laboratories
  • Total of 20 Corporations Created