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1. Provision of employment: Natural Resources employ the largest number of people in the country. It is estimated that about 55% of Ghanaian are employed by the sector in activities like farming, fishing, and hunting.
2. Provision of raw materials: Natural resources serve raw materials to feed most industries in the country. Cocoa is used to produce Milo and chocolate. Fish, timber, and fruits serve as raw material for some industries.
3. Provision of food: Another importance of natural resources is the provision of food to the teeming population of the country. Man cannot work for a long time without food. About 80% of foods consumed in Ghana are natural. Rice, cocoyam, fish to mention a few are products from the Agriculture sector, and are great source of energy to man.
4. Source of foreign exchange: Natural resources provide wealth that is exported to other nations to earn foreign exchange. Ghana exports products like cocoa, coffee, banana and others to UK, Germany and other counties, the proceeds from this is used to procure machines and other equipment to develop the country.
5. Provision of income: Natural resources also provide those employed in its activities income. Farmers sell their products on the market to earn income, which they need to buy manufactured goods and other to improve their standard of living.
6. Provision of medicine: Most of the medicines used to cure diseases in Ghana are made from herbs, roots and tree backs. These are provided by the Agriculture sector.
7. Energy: Renewable resources such as wind, solar, water are able to provide us with limitless energy, not forgetting the most basic form of survival (water), and the energy it provide hydroelectric power. Solar power is obtained from the sun.
What else can I help you with?
What are economic resources including natural resources and capital resources?
factors of productions
3 main types of economic systems?
capital resources, human resources, & natural resources
What is porofill but is ecnomic importance of gemnosperm?
The product, profill is part of the economic product called gemnosperm. This is an extremely important product, as it helps to create wood and other natural resources.
What categories do economists use to classify economic resources?
Economic resources are classified into two categories. These are natural resources (land), and human-made resources which (capital, enterprise and labor.)
Which is a factor in the economic decision of what to produce?
availability of natural resources
What is the importance of balochistan?
on account of its natural resources.
What are economic resources including natural resources and capital resources?
factors of productions
What has the author Roland M Harper written?
Roland M. Harper has written: 'The natural resources of Georgia' -- subject(s): Natural history, Economic conditions, Natural resources 'A forest census of Alabama by geographical divisions' 'Economic botany of Alabama' -- subject(s): Botany, Economic, Economic Botany, Plants 'Resources of southern Alabama' -- subject(s): Economic geography, Economic conditions, Natural resources
What is non economics resources?
having no economic importance or implication
How has emerald affect our social impact?
An emerald is a valuable gem. It has economic importance and represents a valuable export from regions where it is found. It adds to the natural resources of an area.
Bahrains natural Resources?
petroleum, hydropower, and other resources of commercial importance.

What is the importance of natural resources in world?
if you don't have any natural resources then the area will just die out.
3 main types of economic systems?
capital resources, human resources, & natural resources
How did European imperialism in Africa and Asia differ from one another?
Europeans sought economic gain from natural resources in Africa and consumer markets in Asia.
Why are the natural resources in Venezuela important?
Natural resources in Venezuela, like oil, gas, and minerals, are crucial for its economy as they generate revenue through exports. These resources play a significant role in shaping the country's economic development and providing employment opportunities. Additionally, they contribute to the country's overall global influence and geopolitical importance.
What categories do economists use to classify economic resources?
Economic resources are classified into two categories. These are natural resources (land), and human-made resources which (capital, enterprise and labor.)
What is porofill but is ecnomic importance of gemnosperm?
The product, profill is part of the economic product called gemnosperm. This is an extremely important product, as it helps to create wood and other natural resources.
