NLC meaning in Regional ?

Answer:

What is National Liberation Council mean?

The National Liberation Council (NLC) led the Ghanaian government from 24 February 1966 to 1 October 1969. The body emerged from a CIA-supported coup d'état (Ghana's first) against the civilian government led by Kwame Nkrumah. The Ghana Police Service and Ghana Armed Forces carried out the coup jointly, with collaboration from the Ghana Civil Service. The plotters were well connected with the governments of Britain (under PM Harold Wilson) and the United States (then under Lyndon B. Johnson), who some believe approved of the coup because of Nkrumah's pro-communist foreign policy.

The new government implemented structural adjustment policies recommended by the International Monetary Fund (IMF) and World Bank. Money in the national budget shifted away from agriculture and industrialization towards the military. National enterprises, property, and capital were privatized or abandoned. Nkrumah had condemned the development projects of multinational corporations as signs of neocolonialism. The NLC allowed foreign conglomerates to operate on extremely favorable terms. The Ghanaian cedi was devalued by 30%. These economic changes did not succeed in reducing the country's debt or in increasing the ratio of exports to imports.

The National Liberation Council regime won support from powerful groups in Ghanaian society: local chiefs, intelligentsia, and business leaders, as well as the expanding military and police forces. However, its policies of economic austerity were not beloved of workers at large, who suffered from increasing unemployment and repression of strikes. In 1969 the regime underwent a carefully managed transition to civilian rule. Elections held on 29 August 1969 thus inaugurated a new government led by the NLC's chosen successor: the Progress Party of Kofi Abrefa Busia.

reference

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