ABSTRACT

Leapfrogging from a developing nation status to one that is fully developed by 2020 is the desire and goal of most Ghanaians ever since the government of Ghana laid out its bold Vision 2020 national development blueprint in the 1990s. Central to the attainment of this vision is the creation of an excellent human capital base that is skilled, knowledgeable, healthy, flexible and mobile. To this end, governments of Ghana over the years have embarked on various initiatives that have aimed to transform the way human capital is developed to achieve national development. Conclusions drawn from the evaluation of the perspectives of various philosophers and economists on human capital will serve as an invaluable resource to policy makers, administrators and educationists.