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The Institute of Economic Affairs (IEA), with support from the Center for International Private Enterprise (CIPE), conducted a case study of a loan negotiated between the Government of Ghana and the People’s Republic of China. This was a $3 billio…
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The management of natural resources such as petroleum can be a blessing or a curse for developing countries. Ghana is fortunate in the sense that in anticipation of being an oil producer, it has learned lessons from countries that have managed thei…
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This paper was intended to contribute to the debate about aid and development in Africa by focusing specifically on food aid and its various impacts on African agriculture and, by extension, on African farmers. Our explorations have led us down the …
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The relationship between aspects of indigenous African political culture is explored in this paper as well as the quest for appropriate principles and practices for Africa’s political future. Its main thesis is that some political values of traditi…
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This paper examines the nexus between war and peace. It argues that war to peace transitions should not be seen as mechanistic processes which start at one point and end at another. First among the factors to be examined is that the root causes of c…
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This paper discusses the role of fiscal policy rules in promoting fiscal discipline and transparency in Ghana. The adoption of fiscal policy rules and independent fiscal policy councils are investigated and whether it can help improve fiscal perform…
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The five papers in this volume represent a selection of ongoing research on climate change in Ghana. They focus exclusively on agriculture given its significance in Ghana's economy. The lead off paper is by Ferdinand Mawunya and Samuel Adiku and is …
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There are two key objectives in this paper. Firstly, it seeks to estimate the impacts of oil production on Ghana’s economy using a computable general equilibrium model. Secondly, it proposes policies to mitigate the adverse impacts oil activities ma…
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Inextricably interwoven with elections, is the democratization process. Political party engagement stems from the aggregation of political ideas through political parties so that a meaningful political competition can take place. Hence, to rig an el…
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The democratic transition and consolidation that Ghana has gone through, reflects in several ways the struggles for democratic accountability, transparency and sustainability, with broad support from different sections of the community. These confor…
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In Africa the democratization process is inextricably interwoven with elections. Elections give meaning to the concept of political representation and the protection of all the rights enshrined in the Universal Declaration of Human Rights and the C…
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In this paper the role of fiscal policy rules are discussed in the promotion of fiscal discipline and transparency in Ghana. It investigates whether the adoption of fiscal policy rules and independant fiscal policy councils can help improve fiscal p…
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Particularly prevalent among African officialdom, there is a disturbing mindset, that somehow development is impossible without the intervention of foreign aid. The former President of the Republic of Zambia, Kenneth Kaunda, wept before the General …
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The question of high interest rates in Ghana is examined in this paper. The author notes that high interest rates have not only kept the cost of credit unnecessarily high, but have also discouraged many otherwise viable projects from being implement…
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Africa's post colonial economic performance has been gloomy and prospects for the new millennium are equally dismal. Sub-Saharan Africa, consisting of 48countries, is the least developed region of the Third World despite its immense wealth in miner…
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As economies develop and grow, their expenditures on public services and regulations also increase even at a higher rate, than their economic growth. Adolph Wagner who pioneered the empirical test of this observation found that the elasticity of gov…
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One can divide the world fairly easily into areas of wealth and poverty. In recent decades – there has been a concerted attempt by wealthier nations to assist poorer nations in becoming more prosperous. Starting with the Bretton Woods institutions…
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This article assesses each of the July 2010 Bills vis-à-vis its potential to contribute to accountable and effective management of Ghana’s oil heritage. It asserts that the creative,forward-thinking elements of the Revenue Management Bill found thei…
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With Ghana's emerging oil and gas industry, this country is poised to be one of the fastest growing economies in Sub-Saharan Africa. Yet, questions have arisen as to whether Ghana is getting its fair share of the revenues from exploiting its hydroca…
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This paper ascertained the determinants of manufacturing output in Ghana based on available data from 1974 to 2006 using cointegration and error correction model analysis. Our measure of the output of the manufacturing industry was the share of the …
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