ABSTRACT
Increasing participation of the state in the productive and distributive systems was regarded by Nkrumah as being necessary for the creation of a socialist society and was central to his economic strategy. Large sums were invested in newly created state enterprises but, as suggested earlier,1 these investments failed to yield the economic benefits expected of them. The task of this chapter, then, is to analyse the performance of the state in fulfilling an entrepreneurial role and the weaknesses to which public enterprises were prone.
