Ghana Assignment Example | Topics and Well Written Essays - 750 words

Ghana - Assignment Example The Ghanaian economy is highly dependent on external trade. According to the BBC World news source, the gross domestic product (GDP) of Ghana in 1990s was estimated at 7 billion US $ ($ 430 per capita); that in CÃ ´te d Ivoire is $ 1500, in Togo - 900, in Burkina Faso - $ 700. If comparing with the present period, from that time the GDP has rised to 48 billion, so the level of low income has also grown. In GDP the share of agriculture, forestry, and fishing is about 50%, industry and construction - about 16%, the rest falls on the service sector. Among the countries of sub-Saharan Africa Ghana in the general level of economic development and per capita income ($ 425) is one of the most developed countries, but still not as developed as the world leaders - the USA, China, the UK, Canada, etc. But the economic situation of the country wasnt always good. Since the mid-1950s to mid-1970s Ghanas economy has developed rapidly and in the period of 1955-1974 the annual GDP growth averaged 4%. After 1974 the economy has deteriorated significantly, and until the mid-1980s continued deep recession. The relative economic recovery began in 1984, and until 1995 the average annual growth rate of 4.7%. Annual population growth during the same period was estimated at about 3%. The reason for this is the predatory use of the rich natural resources of Ghana. Its economy has adapted exclusively to the needs of exploitation of the country by foreign monopolies. In their hands were entirely bauxite, gold and manganese ore, almost all logging and mining of diamonds. Foreign companies have also been buying cocoa beans from farmers. All these goods were exported from the country only in the form of raw materials, which hindered economic development of the country. The situation was no better in agriculture. Colonizers encouraged the introduction of the cocoa culture,

EDF and international energy markets Essay Example | Topics and Well Written Essays - 1500 words

EDF and international energy markets - Essay Example EDF is known for energy control in United Kingdom and a British energy supplier. EDF is also known for the supply of gas and electricity that are supplied to homes and businesses. The company has employed 13, 158 employees, due to the increased customer trust it handles 5.7 million accounts that the customers use to pay with. This paper seeks to discuss EDF which is an internal energy generator that is responsible of generating and supplying renewable resources, nuclear energy, transmission and supply. Through the chief executive Vincent De Rivas, the financial performance of EDF has been increasing since the production of energy is sustainable to their customers. The energy produced by EDF has low carbon that makes the customers to trust the EDF for long term contract in the extraction of energy. The nuclear power that EDF has been controlling has resulted to tremendously increase in profit for almost eight years. The existing nuclear that has been stored can be handed over to the next generation without considering additional of fossil fuel (Garvin, 2013). To ensure customer satisfaction, EDF ensures that the prices of energy do not rise and if the prices fluctuate, they are reduced to maintain good relationship between EDF and their customers. France derives its electricity from the nuclear energy which is estimated to be 75%. The country is known as the world largest exporter of electricity due to technology that is used to generate the energy. The low cost of generation makes France to attain revenue of EUR 3 billion annually. Due to the usage of nuclear technology the country is able to export reactors, fuel products and other services in most parts of Europe (James, 2002). Through collaborating with EDF, the government will ensure production of sufficient energy and other nuclear energy that will boost the economy of the country. As indicated from the tables above, EDF has continued to increase its profit. With the improved competition,