There has been existence of many economists who had mainly their theories at which the world should follow to strengthen the world’s economy. Basically, two conflicts theories between Hayek (The classical) verse Keynes(Non-classical) which every country about which theory would suit to its economy.
As a developing country like Ghana which encounters many challenges in terms of the development of the country. Due to Ghana’s economy status, it is positioned itself at a mixed economy because the Government regulates the economy but the same time, it opens doors for the private sectors as well together to build the economy. Bofore Ghana can be economy strong, it needs to stick to hayek theory where free market and individualism.


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