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Neo-Colonialism: The Last Stage of Imperialism (African Writers Series, AWS49)
This is the book which, when first published in 1965, caused such an uproar in the US State Department that a sharp note of protest was sent to Kwame Nkrumah, and the $25million of American “aid” to Ghana was promptly cancelled. It exposes the working of international monopoly capitalism in Africa and shows how the stranglehold of foreign monopolies perpetuates the paradox of Africa: poverty in the midst of plenty.
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Kwame Nkrumah was a Ghanaian politician and revolutionary. He was the first prime minister and president of Ghana, having led it to independence from Britain in 1957. An influential advocate of Pan-Africanism, Nkrumah was a founding member of the Organization of African Unity and winner of the Lenin Peace Prize in 1962.