Download or read book Domestic Savings in Sub Saharan Africa written by Charles Ackah and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: One essential condition of economic progress in any society is an ample supply of savings, which depends on the growth of real capital. Economists agree that higher investment rates will lead to higher growth. Thus, domestic savings is considered an important determinant of growth in developing countries. However, Ghana has one of the poorest savings performances in the world. There are many reasons for the low savings rates in Ghana. In view of Ghana's aspiration to wean herself 'Beyond Aid', this study aims to provide an understanding of the longrun relationship between variables considered to be important determinant savings in Ghana. We employ time series analyses using data from 1980-2020 to capture the effects of the major policy changes in the financial sector of the history of the country, which are also likely to have implications for private savings. While the empirical analyses provide no compelling evidence of a long-run relationship between private savings and the variables considered, estimates from the short-run analysis suggest that per capita income and money supply have a significant positive relationship with domestic savings. This finding is particularly instructive because it suggests that policy makers must think critically about the kinds of policies and reforms required to boost domestic resource mobilization in the long term.

Download or read book Determinants of Private Domestic Savings in Sub Saharan Africa written by Ebson Ngurimuje Uanguta and published by . This book was released on 2000 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Promoting Growth in Sub Saharan Africa written by Mr.Anupam Basu and published by International Monetary Fund. This book was released on 2000-10-02 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Africa is the world’s poorest continent, but amid all the bad news, there is hope for change. This pamphlet examines the lessons to be learned from some of the more successful economies south of the Sahara, and discusses a policy framework to promote sustainable economic growth and reduce poverty across the region.

Download or read book Public Policies and Private Savings and Investment in Sub Saharan Africa written by Mr.Dhaneshwar Ghura and published by International Monetary Fund. This book was released on 1995-02-01 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses empirically the role of public policies in stimulating private savings and investment in sub-Saharan African countries, based on data for the period 1986-92. The main findings of the analysis are as follows: (i) policies effective in stimulating private savings and investment include those that keep the rate of inflation low, reduce macroeconomic uncertainty, promote financial deepening, and lower the external debt burden; (ii) measures that promote structural reforms and reduce the budget deficit (without lowering government investment) help to raise private investment; and (iii) declines in government savings are only partially offset by increases in private savings.

Download or read book Determinants of Private Domestic Savings in Sub Saharan Africa written by Ebson Uanguta and published by . This book was released on 2000 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Stabilization and Structural Adjustment written by Finn Tarp and published by Routledge. This book was released on 2002-09-11 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reveals and examines the relevance of the macroeconomic theory and models behind recommendations for stabilization and structual adjustment. Alternaive analytical approaches are discusses. This is done on the basis of an up-to-date review of developments in sub-saharan Africa during the 1980's and within a common analytical framework.

Download or read book Effects of Macroeconomic Stabilityon Growth Savings and Investment in Sub Saharan Africa written by Mr.Dhaneshwar Ghura and published by International Monetary Fund. This book was released on 1994-08-01 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: The analysis of this paper indicates that the unsatisfactory overall economic performance of sub-Saharan African countries during 1986–93 was due to inappropriate policies pursued by a number of countries. The countries that have pursued broadly appropriate adjustment policies have performed much better, achieving positive per capita GDP growth. The analysis is supported with an econometric investigation of the effects of macroeconomic policies, structural reforms, and exogenous factors on economic performance. The results indicate that progress in achieving macroeconomic stability and implementing structural reforms have been conducive to better growth, savings, and private investment.

Download or read book Impact of Foreign Aid on Domestic Savings in Sub Saharan Africa Panel Data Analysis written by Migbaru Alamirew Workneh and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Saving for Economic Recovery in Africa written by J. H. Frimpong-Ansah and published by . This book was released on 1992 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Effects of Macroeconomic Stability on Growth Savings and Investment in Sub Saharan Africa written by and published by . This book was released on 1994 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Adjustment for Growth written by Mr.Michael T. Hadjimichael and published by International Monetary Fund. This book was released on 1996-10-15 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past two decades, sub-Saharan Africa has lagged behind other regions in economic performance. The important overall indicators of performance, however, mask wide differences among countries. On the whole, countries that effectively implemented comprehensive adjustment and reform programs showed better results. Their experiences demonstrate that an expansion in private saving and investment is key to achieving gains in real per capita GDP. The four papers included in this publication provide a cross country analysis that assesses empirically the role of publlic policies in stimulating private saving and investment in the region in 1986-92 and describe the adjustment experiences of Ghana (1983-91), Senegal (1978-1993), and Uganda (1987-94).

Download or read book Growth in Sub Saharan Africa written by Mr.Dhaneshwar Ghura and published by International Monetary Fund. This book was released on 1995-12-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper investigates empirically the determinants of economic growth for a large sample of sub-Saharan African countries during 1981-92. The results indicate that (i) an increase in private investment has a relatively large positive impact on per capita growth; (ii) growth is stimulated by public policies that lower the budget deficit in relation to GDP (without reducing government investment), reduce the rate of inflation, maintain external competitiveness, promote structural reforms, encourage human capital development, and slow population growth; and (iii) convergence of per capita income occurs after controlling for human capital development and public policies.

Download or read book Sub Saharan Africa s Integration in the Global Financial Markets written by Corinne Deléchat and published by International Monetary Fund. This book was released on 2009-05-01 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper uses a unique database covering 44 countries in sub-Saharan Africa (SSA) countries between 2000 and 2007 to study the determinants of the allocation and composition of flows across countries, as well as channels through which private capital flows could affect growth. In our sample, the degree of financial market development is an important determinant of the distribution of capital flows across countries as opposed to property rights institutions. The fairly consistent positive association between net capital flows and growth for SSA countries contrasts with the more pessimistic results of recent studies, though our data do not allow us to make conclusive inferences about a causality relationship.

Download or read book Private Savings and COVID 19 in Sub Saharan Africa written by Mr. Boileau Loko and published by International Monetary Fund. This book was released on 2022-09-09 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper reexamines the main private savings determinants in Sub-Saharan Africa (SSA), followed by an analysis of the COVID-19 pandemic impact on private savings in SSA and other country groupings. Using an unbalanced panel data from 1983−2021 for 31 SSA economies, the paper finds that real per capita economic growth remains a key historical determinant of private savings in the region. In contrast with other regions, private saving rates have not increased during COVID-19 in SSA. Instead, COVID-19 deaths in our estimations are significantly associated with a decline in private savings in SSA. Robustness checks and a descriptive analysis of household surveys during the pandemic corroborate those results.

Download or read book Savings Investment and Growth Patterns in Developed and Developing Countries written by Michael I. Obadan and published by . This book was released on 2001 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Economic Trends in Africa written by Mr.Stéphane Cossé and published by International Monetary Fund. This book was released on 1994-09-01 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper highlights selected recent developments in the economies of sub-Saharan Africa. It notes that the outlook for commodity prices has improved, and with it the outlook for economic activity beyond 1994; it also notes, however, the need for higher savings and investment to sustain growth over the medium term. The paper also covers two aspects of structural adjustment: the liberalization of exchange and trade systems, which has been extensive and has resulted in a sharp reduction in exchange market distortions; and the momentum of regional integration in the CFA countries and in the Southern Africa region.

Download or read book Transforming Africa written by Dana T. Redford and published by Emerald Group Publishing. This book was released on 2022-01-26 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transforming Africa: How Savings Groups Foster Financial Inclusion, Resilience and Economic Development presents in-depth empirical research into current day savings group activities across Africa, exploring savings groups through the lens of financial inclusion and reflecting on formal finance, economic and social outcomes.