Word: volta
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Exports: Cocoa, timber, diamonds. Per capita income: $220. U.S. aid (1961): $22,600,000. Soviet aid: $196 million. Grows one-third of world's cocoa, but ran $100 million trade deficit in 1961. Volta Project (U.S. loans: $133 million) will enable Ghana to exploit rich bauxite deposits...
...Cameroun, Central African Republic, Chad, the two Congos, Dahomey, Ethiopia, Gabon, Ivory Coast, Liberia, Malagasy Republic, Mau ritania, Niger, Nigeria, Senegal, Sierra Leone, Somalia, Togo and Upper Volta...
Opposition leaders advocate an end to socialistic planning and large industrialization projects like the Volta River dam, Goshal reported. Instead, they support foreign investment and production of consumers' goods to build up Ghana's economy...
...Upper Volta...
...last week the Kennedy Administration seemed to be having second thoughts. Items: >The State Department announced the authorization of a $133 million loan to proCommunist, anti-Western President Kwame Nkrumah's Ghana. The funds, which will pay for more than one-third of Ghana's huge Volta River hydroelectric and aluminum plant project (the rest will be provided by the World Bank, Britain and the Ghanaian government), were tentatively allocated last summer, then pigeonholed in the face of Nkrumah's flirtation with Moscow, along with his totalitarian persecution of political opponents at home...