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The Corrupt Elites is a simple and straight-forward narrative in which explains the incidence of corruption or the rise of corruption within successive historical conjunctures in the Ghana. Some of the questions raised and answered in the study relate to how the Ghanaian precolonial, colonial and post-colonial states and their mutually interrelated political processes affected the production and distribution of wealth. In particular, how political decisions and interests of the political elites influenced the location of economic activities and the distribution of the costs and benefits of these activities. An explanation is given as to why corruption has festered in the Ghanaian polity and recrudesced from the 1990s with such devastating social, economic and political effect. The purpose of this essay is to substantiate the assumptions underpinning the narrative with concrete historical evidence.