Ghana was formerly known as the Gold Coast. On 6 March 1957 Kwame Nkrumah declared the country’s independence. On 1 July 1960, Ghana became a commonwealth republic with Nkrumah as the first President of the country. The flag of Ghana consists of the colours red, gold, green, and the black star.
In 1966 its first president and pan-African hero, Kwame Nkrumah, was deposed in a coup, heralding years of mostly-military rule. In 1981 Flight Lieutenant Jerry Rawlings staged his second coup. The country began to move towards economic stability and democracy.
In April 1992 a constitution allowing for a multi-party system was approved in a referendum, ushering in a period of democracy. A well-administered country by regional standards, Ghana is often seen as a model for political and economic reform in Africa.