Download or read book Ghana s macroeconomic crisis written by Younger, Stephen D. and published by Intl Food Policy Res Inst. This book was released on 2016-01-08 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ghana is in the midst of a severe but not unprecedented macroeconomic crisis. This paper helps to evaluate the government’s policy options by (1) explaining the crisis’ causes, and (2) comparing it to previous macroeconomic crises and the policies that corrected them. Two large shocks are to blame for the crisis: an increase in the fiscal deficit of about 6 percent of GDP and a reduction in hydroelectric production that has not been replaced with thermal generation. This latter is more difficult to quantify, but may be as large as 4 percent of GDP. While large, Ghana has recovered from similar shocks in the past, and with luck, should be able to do so now. But this will require reversal of the large increases in the public sector wage bill that drove much of the fiscal shock.
Download or read book The Economy of Ghana written by Mozammel Huq and published by Springer. This book was released on 2018-09-12 with total page 542 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book follows a first edition published in 1989, which focused on the severe economic crisis Ghana faced during the late 1970s and the early 1980s. In this second edition, the authors extend the review up to the mid-2010s, covering the entire period since independence, with a special focus on shifts in economic policy, starting with the adoption of the Economic Recovery Programme in 1983. Huq and Tribe provide systematic coverage of Ghanaian economic development since its independence, reviewing the two main modes of development that have been practiced; and offer an updated, rich data bank. By analyzing the wider macroeconomy of Ghana; its individual sectors; money, banking and trade; infrastructure and environmental policies; and Ghana’s poverty, welfare and income distribution, the authors are able to draw vital lessons from the country’s economic development.
Download or read book Ghana written by John Loxley and published by . This book was released on 1988 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Effects of the Global Economic and Financial Crisis on the Ghanaian Economy and Labour Market written by Kwabena Nyarko Otoo and published by . This book was released on 2009 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Statement on Ghana s Current Financial and Economic Crisis written by Ghana Student's Association of the Americas and published by . This book was released on 1965 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Ghana in Search of Development written by Dan-Bright S. Dzorgbo and published by Routledge. This book was released on 2017-11-22 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2001. When Ghana became independent in 1957, becoming the first country in Sub-Saharan Africa to banish colonialism, there was a general optimism that irreversible socio-economic development was about to unfold. But by the end of the 1970s Ghana paradoxically became the first country in Twentieth Century Africa to have experienced socio-economic decline. What failed Ghana? This book seeks to answer this question. By combining sociological, economic, political and institutional perspectives, this book focuses on the interplay between state politics and socio-economic development. It provides a model, which suggests that Ghana’s postcolonial development has suffered mainly as a result of the failure or inability of governing elites to develop consensual politics and a clearly specified long-term development objective that could be widely understood, accepted and have relevance for policy making. This book presents a much-needed self-assessment of the post-colonial development experience which contends that governance, economic management and institution building are basic challenges without which the search for development is likely to falter.
Download or read book The Economy of Ghana Sixty Years after Independence written by Ernest Aryeetey and published by Oxford University Press. This book was released on 2017-02-09 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: As Ghana approaches its 60th birthday, optimism and worries for the future continue to be present in equal measure. Economic growth in the last decade has been high by historical standards. Indeed, recent rebasing of GDP figures has put Ghana over the per capita income threshold into Middle Income Country status. However, structural transformation has lagged behind. Fiscal discipline has also eroded significantly and there is heavy borrowing, especially on the commercial market, while elements of the natural resource curse from oil have already occurred. The question most observers ask is whether the gains from two decades of reforms are being reversed. Given this background, this volume brings together leading established and young economists, from within and outside Ghana, to analyze and assess the challenges facing Ghana's economy as it enters its seventh decade and the nation heads towards three quarters of a century of independence. The chapters cover the major macroeconomic and sectoral issues, including fiscal and monetary policy, trade and industrialization, agriculture and infrastructure. The volume also covers a full range of social issues including poverty and inequality, education, health, gender, and social protection. The book also examines the implications of the oil boom for Ghanaian development, and the role of institutions.
Download or read book Africa in Economic Crisis written by John Ravenhill and published by Springer. This book was released on 1986-09-19 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Expanding Job Opportunities in Ghana written by Maddalena Honorati and published by World Bank Publications. This book was released on 2016-10-24 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ghana was, until very recently, a success story in Africa, achieving high and sustained growth and impressive poverty reduction. However, Ghana is now facing major challenges in diversifying its economy, sustaining growth, and making it more inclusive. Most of the new jobs that have been created in the past decade have been in low-earning, low-productivity trade services. Macroeconomic instability, limited diversification and growing inequities in Ghana’s labor markets make it harder for the economy to create more jobs, and particularly, better jobs. Employment needs to expand in both urban areas, which will continue to grow rapidly, and rural areas, where poverty is still concentrated. The current fiscal and economic crisis is heightening the need for urgent reforms but limiting the room for maneuver and increasing pressure for a careful prioritization of policy actions. Going forward, Ghana will need to consider an integrated jobs strategy that addresses barriers to the business climate, deficiencies in skills, lack of competitiveness of job-creating sectors, problems with labor mobility, and the need for comprehensive labor market regulation. Ghana needs to diversify its economy through gains in productivity in sectors like agribusiness, transport, construction, energy, and information and communications technology (ICT) services. Productivity needs to be increased also in agriculture, in order to increase the earnings potential for the many poor who still work there. In particular, Ghana’s youth and women need help in connecting to these jobs, through relevant skills development and services that target gaps in information about job opportunities. Even with significant effort, most of Ghana’s population will continue to work in jobs characterized by low and fluctuating earnings for the foreseeable future, however, and they will need social safety nets that help them manage vulnerability to income shortfalls. More productive and inclusive jobs will help Ghana move to a second phase of structural transformation and develop into a modern middle-income economy.
Download or read book The Economy of Ghana written by Ernest Aryeetey and published by . This book was released on 2008 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: As Ghana enters its second half-century, there is a perception of the failure of the economic and political system. This book analyses the reasons for this failure and sets out an agenda as the basis of the course that the nations' policy makers have to steer if Ghana is to fulfil the promise of its independence in 1957.
Download or read book The State Development and Politics in Ghana written by Emmanuel Hansen and published by Codesria. This book was released on 1989 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Ghana s Adjustment Experience written by Eboe Hutchful and published by Heinemann Educational Books. This book was released on 2002 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: How did the Ghanaian state, after flirtation with structuralist theories and state intervention in the early 1960s, followed by persistent resistance to fiscal correction and a long economic slide in the 1970s and early 1980s, turn the economy around? How did it manage to implement relatively rigorous "neoliberal reforms" in the mid-1980s and early 1990s? And why, after the "economic miracle" of the 1980s, has reform increasingly run aground in recent years? As Hutchful argues, the Ghanaian adjustment strategy is deeply flawed, unsustainable and subject to recurring revisions by international financial institutions such as the World Bank or the International Monetary Fund. The Ghana case has focused many of the controversies of adjustment in Africa. As such, Hutchful's book marks a significant contribution to the literature on the role the state plays in impeding or encouraging economic and political development.
Download or read book Africa in Economic Crisis written by John Ravenhill and published by Houndmills, Basingstoke, Hampshire ; Macmillan. This book was released on 1986 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essays on the economic recession in Africa south of Sahara - discusses economic development, esp. The development policies of World Bank and OAU, and the relationship between IBRD, OAU and ECA; examines alternative development strategies with case studies of Ghana, Kenya, Tanzania and Zaire; looks at economic cooperation, self reliance, export oriented industry, food security, the new international division of labour and external debt; includes data on foreign enterprises. References, statistical tables.
Download or read book Ghana Macroeconomic Review and Outlook written by and published by . This book was released on 2000 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Resolving Ghana s economic crisis written by Eric Amoaka and published by . This book was released on 1989 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Critical Perspectives in Politics and Socio Economic Development in Ghana written by Wisdom J. Tettey and published by BRILL. This book was released on 2003-01-01 with total page 486 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume provides a comprehensive and integrated analysis of contemporary Ghanaian politics and economy and their relationship to culture. It combines rich, recent, empirical material with sophisticated theoretical analyses, bringing fresh and unique interdisciplinary perspectives to bear on the issues examined.
Download or read book Growth and Crisis written by Douglas Adair Scott and published by . This book was released on 1967 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt:
