I am Osei Boakye (OHR-SAIR BWA-CHE) and I am interested in aid, debt, development, political economics, and international financial institutions (IFIs) such as the International Monetary Fund (IMF,) the World Bank Group, etc., and the role IFIs play in all four of those areas. I am using Ghana as my mode of investigation to showcase the dramatic effects poor decisions made by IFIs, their partner countries, and aid recipients have had in emerging states in those state's maturing phase. I am looking in particular at Ghana's political economic history from about 1946 to 1976, culminating in their default on several international loans and their unilateral declaration of a moratorium on other loans. My principal question is focused on looking at how the "model colony," in the space of fifteen years after achieving independence, was mired in economic disasters. I am interested in the historical steps that led up to those events and what structural issues were lacking, causing the instability of Ghana's post-independence economy. Additionally I am interested to see what global affairs helped influence and shape the events that occurred in Ghana. My goal is to link that history to the current state of affairs in Ghana.