UN General Assembly
1974

119. The over-all effect of the energy crisis on the Ghanaian economy is very wide-ranging not only because of the immediate strain it has placed on our foreign exchange disbursements but also because of the problems it poses, directly or indirectly, for the success of our policy of self-reliance. In this respect, an immediate victim wiH'Be the much-acclaimed "Operation Feed Yourself' program. 120. There is little doubt that the picture I have painted applies generally to most if not all non-oil- producing developing countries. However, I do not want to be interpreted as indicting the oil-producing countries. I say this because it should be general knowledge that several factors are responsible for the present economic recession into which the world as a whole seems to be falling.