Economic Reforms in Ghana

Economic Reforms in Ghana
Author: Ernest Aryeetey
Publisher: Africa World Press
Total Pages: 388
Release: 2000
Genre: Business & Economics
ISBN: 9780865438446

Reviews the performance of the Ghanaian economy for the period 1983 to 1991, aimed at assessing the impact of structural adjustment policies in different areas of the economy.

The Economy of Ghana Sixty Years after Independence

The Economy of Ghana Sixty Years after Independence
Author: Ernest Aryeetey
Publisher: Oxford University Press
Total Pages: 536
Release: 2017-02-09
Genre: Business & Economics
ISBN: 0191067776

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.

The Administration of Debt Relief by the International Financial Institutions

The Administration of Debt Relief by the International Financial Institutions
Author: Leonie F. Guder
Publisher: Springer Science & Business Media
Total Pages: 369
Release: 2008-11-16
Genre: Law
ISBN: 3540886095

1. Objectives and Plan of the Study . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2. Literature Review . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 3. Structure. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Part I. Multilateral Debt Relief for Heavily Indebted Poor Countries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 A. The Heavily Indebted Poor Countries Initiative (HIPC) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 1. Concessional Assistance to Low-Income Countries . . . . . . . . . . . . . . . . . . . . . . . 26 2. The HIPC Framework . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 2. 1. The Heavily Indebted Poor Country Initiative of 1996 . . . . . . . . 33 2. 2. The Cologne G-8 Summit of 1999 and HIPC II. . . . . . . . . . . . . . . . . . . . 39 2. 3. Eligibility and Implementation under the Enhanced HIPC Framework . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43 3. What kind of debt is addressed by HIPC? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48 4. HIPC Funding and Finances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 4. 1. The PRGF-HIPC Trust of the IMF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51 4. 2. The World Bank HIPC Trust Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57 4. 3. The IDA Debt Reduction Facility. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 4. 4. HIPC Financing through Multilateral Creditors . . . . . . . . . . . . . . . . . . . 61 4. 5. Conclusion: Trust Fund Financing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62 5. HIPC Proceedings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63 B. Debt Relief under the G-8: The Multilateral Debt Relief Initiative (MDRI) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67 1. MDRI as Operational Successor of HIPC. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69 2. Subsequent Changes in Lending Policies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 74 C. Case Study: The Contemporary History of Debt Relief in Ghana. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77 1. Ghana’s History with Economic Aid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 2. Ghana’s Reform Process under HIPC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86 X Table of Content 2. 1. Implementation of the HIPC Framework . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 89 2. 1. 1. Preliminary Documents. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 97 2. 1. 2. Ghana Poverty Reduction Strategy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 98 2. 1. 3. Decision Point Document . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 102 2. 1. 4. Ghana’s Completion Point . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 104 2. 2. Donor Coordination under the Multi Donor Budgetary Support (MDBS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Ghana

Ghana
Author: Kwame Boafo-Arthur
Publisher: Zed Books Ltd.
Total Pages: 165
Release: 2013-07-04
Genre: History
ISBN: 1848136854

Ghana has witnessed a 'revolution through the ballot box', since its return to constitutional rule in 1993. Yet this period of sustained democratic government in an era of globalization and liberal triumphalism has brought with it new demands. How has Ghana faced up to the problems of institution-building, state-market relations and democratic leadership? Can it deal with the challenges posed by security, human rights and foreign policy in the twenty-first century? This unique collection interrogates all these issues and assesses the future of the democratic experiment in one of sub-Saharan Africa's rare 'islands of peace'. In doing so, it provides an invaluable guide to Ghana's political past, present and future.

Africa since Independence

Africa since Independence
Author: Paul Nugent
Publisher: Bloomsbury Publishing
Total Pages: 680
Release: 2012-06-13
Genre: Political Science
ISBN: 023039356X

An indispensable introductory textbook that provides students with a genuinely comparative study of the different trajectories and experiences of independent African states. Paul Nugent explores a range of key concerns including the impact of HIV and AIDS, the contagion of warfare, and efforts at achieving national reconciliation both in the past and today. This is an ideal core text for modules on Modern African History, African Politics or Africa since Independence - or a supplementary text for broader modules on African History - which may be offered at the upper levels of an undergraduate History, Politics or African Studies degree. In addition it is a crucial resource for students who may be studying modern African history for the first time as part of a taught postgraduate degree in African History, African Politics or African Studies. New to this Edition: - Revised and updated throughout in light of the latest research - Reflects recent developments on issues such as AIDS, urbanization, the secession of South Sudan, questions of citizenship and the importance of transnational spaces - This second edition now features photographs

Ghana's Economic and Agricultural Transformation

Ghana's Economic and Agricultural Transformation
Author: Xinshen Diao
Publisher: Oxford University Press
Total Pages: 310
Release: 2019
Genre: Business & Economics
ISBN: 0198845340

Using Ghana as a case study, this work integrates economic and political analysis to explore the challenges and opportunities of Africa's growth and transformation.

The Developer's Dilemma

The Developer's Dilemma
Author: Armida Salsiah Alisjahbana
Publisher: Oxford University Press
Total Pages: 327
Release: 2023-02-09
Genre: Business & Economics
ISBN: 0192667564

This is an open access title available under the terms of a CC BY-NC-SA 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Developing countries seek economic development which is broad-based or inclusive in the sense that it raises the income of all, especially the poor. Yet this is at odds with Simon Kuznets' hypothesis that economic development tends to put upward pressure on income inequality, at least initially and in the absence of countervailing policies. The Developer's Dilemma explores this 'Kuznetsian tension' between structural transformation and income inequality. The book asks: what are the varieties of structural transformation that have been experienced in developing countries? What inequality dynamics are associated with each variety of structural transformation? And what policies have been utilized to manage trade-offs between structural transformation, income inequality, and inclusive growth? Across nine country cases written by academics across the Global South, this book answers these questions using a comparative case study approach with a common analytical framework and a set of common datasets. The intended intellectual contribution of the book is to provide a comparative analysis of the relationship between structural transformation, income inequality, and inclusive growth; to do so empirically at a regional and national level, and to draw conclusions about the varieties of structural transformation, their inequality dynamics, and the policies that have been employed to mediate the developer's dilemma.

Management and Economic Development in sub-Saharan Africa

Management and Economic Development in sub-Saharan Africa
Author: John O. Okpara
Publisher: Adonis & Abbey Publishers Ltd
Total Pages: 256
Release: 2007-04-20
Genre: Reference
ISBN: 1912234807

One of the major challenges facing Sub-Saharan African organizations today is how to effectively manage their resources. Though the importance of effective management of organizational resources is generally acknowledged, published research on the theme is disappointingly scarce. This book hopes to contribute in filling the lacuna. Contributors to the volume, which is the first in a book series from African Journal of Business and Economic Research (AJBER), a peer-reviewed, triennial publication, discuss various management issues in sub-Saharan Africa such as employee motivation, job satisfaction, compensation, organizational commitment, ethics, social responsibility and export management and the interplay between these and the effective management of an organization's resources. They argue that effective management of organizational resources - whether in the public or private sector - promotes efficiency, which in turn enhances the organization's ability to compete. The contributors also offer valuable insights into why many organizations in sub-Saharan Africa are inefficiently managed and offer desiderata for overcoming such challenges.

Politics, Governance, and Development in Ghana

Politics, Governance, and Development in Ghana
Author: Joseph R.A. Ayee
Publisher: Rowman & Littlefield
Total Pages: 375
Release: 2019-10-16
Genre: Political Science
ISBN: 1793603359

Since it achieved independence in 1957, the West African state of Ghana has become the torchbearer of African liberation, as well as a laboratory for the study of endemic problems facing the African continent. In terms of democratic consolidation, the country holds a unique position on the continent as beacon of stability and democracy. Politics, Governance, and Development in Ghana takes critical stock of the landmark themes that have dominated its history since independence. The contributors address issues such as citizenship, civil society, the military, politicians, chiefs, transnational actors, the public sector and policies, the executive branch, decentralization, the economy, electoral politics, natural resources, and relations with Asia and the diaspora. These themes support “mobilizing for Ghana’s future,” which is the theme for the diamond jubilee celebration of Ghana’s independence. Edited by Joseph R.A. Ayee, this book will deepen the literature on studies on Ghana especially in the areas of politics, governance, economy and development; serve as a resource for academics, students, practitioners; and commemorate the diamond jubilee celebration of Ghana’s independence.