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Describe natural resources and discuss Ghana's benefits from them.
Geography
ScanSolve AI Answer
Here's the solution to question 9:
a) i. Natural resources are materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain.
a) ii. Two types of resources are:
- Renewable resources (e.g., solar energy, wind, forests)
- Non-renewable resources (e.g., crude oil, natural gas, minerals like gold)
b) Four benefits that Ghana derives from her natural resources are:
- Revenue Generation: Export of natural resources like gold, cocoa, and crude oil generates significant foreign exchange, contributing to the national income and funding public services.
- Employment Creation: The extraction, processing, and related industries of natural resources provide direct and indirect employment opportunities for a large segment of the population.
- Infrastructure Development: Revenue from natural resources often funds the development of critical infrastructure such as roads, schools, hospitals, and energy projects, improving living standards.
- Industrial Development: Natural resources serve as raw materials for local industries, fostering industrial growth, value addition, and diversification of the economy.
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