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Describe Economic Issues and Governance In Africa

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African leaders who took over state apparatus at the time of independence lacked
economic power and therefore they used state positions to accumulate wealth. In order
to amass wealth they had to lobby for constant amendment of the constitution to provide
a way for direct accumulation of state resources. The accumulation paved way for a
culture of corruption in African countries.
There were also economic factors in African countries which pre-empted the whole process of
constitution making and protection of human rights. At the attainment of independence Africans
This culture of corruption created poverty in Africa. Ten years after independence, African states found themselves in a worse economic state. There was widespread lack of social services and employment. The state was forced to rely on foreign aid in order to meet its recurrent
expenditure. By 1980 economic situation in Africa had become so bad that the international
society had to intervene to regulate governance and economic process in the continent. The
international financial institutions such as I.M.F and World Bank decided to introduce structural adjustment programmes to help jump start the African economy. This was introduced in; Kenya, Ghana, Tanzania among other African countries.

Titany answered the question on October 28, 2021 at 12:38

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Describe Economic Issues and Governance In Africa

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