124' The performance of the industrial sector during l9g3 was arso very roe, as aresult of the lack of ra\., materials, the inability of manufacturers to find enoughcedis to support their import licences and power cuts which affected production.with few exceptions (such as in the tobacco industry) firms which depended heavilyon imported inputs operated berow their instalred capacities. L25' rn the mining sector there Ltas a slight recovery in 1984, raising the valueadded by 4'l per cent after four years of continuous decline. Forlowing uNDpgrants, private investment was made in diamond mining and negotiations were startedon the rehabilitation of the mines owned by the state Gold Mining eorporation.Private investment in the Ashanti coldfields r.ras also made through thernternational Finance corporation (rFC) and tonrho. Renegotiation of the voltaAluminium companyrs Master Agreement between the Ghana Government and KaiserAluminium has been successf'ully completed. 4. Recovery programme 126' The c'overnmentrs Economic Recovery Programme (r984-1986) focused on rebuildinginfrastructure and mobilization of Ghanars traditional exports! cocoa, timber andgold. other main features of the programme included the reform of prices,^/40/44LEngIi sh Page 49 restoration of production incentives, arresting inflation and reduction of budget deficits. The Government bolstered the recovery programme by the introduction of a system of surcharges and bonuses aimed at giving incentives to exporters and earners of foreign exchange. The cost of imports rose sharply after the introduction of this system, and imports lrere consequently reduced and revenue from import duties fell. In 1983 production in general was constrained and oulput levels were much lower than the targeted levels or those of 1982' LZ7. In 1984 the reform measures were consolidated, despite the effect of power cuts and of reduction of electricity exports to Benin and Togo. The main accomplishments $rere s (a) Exchange rate policy: the cedi was adjusted on 22 April 1983 from cedis
**Analysis**
The text appears to be discussing the economic situation of Ghana, specifically the performance of the industrial sector, the mining sector, and the government's economic recovery programme. It mentions the impact of power cuts, import restrictions, and exchange rate policy on the economy. The text also touches on the natural resources sector, including diamond mining and gold mining. Overall, the text seems to be focused on economic development and industry, with some references to natural resources.

**Category**
Economic development, Industry