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An Evaluation of Ghana's Petroleum Fiscal Regime

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 hydro...

Determinants of the Output of the Manufacturing Industry in Ghana from 1974 to 2006

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 th...

Financial Intermediation and the Cost of Credit in Ghana

A study was carried out by the IEA regarding financial intermediation and the cost of credit in Ghana. The first part of the study involved measurement of financial intermediation/financial deepening using a number of standard indicators. The seco...

Determinants of the Output of the Manufacturing Industry in Ghana from 1974 to 2006

In this paper it was sought to ascertain the determinants of manufacturing output in Ghana based on available data from 1974 to 2006 using cointegration and error correction model analysis. The measure of the output of the manufacturing industry w...

Housing policy in Ghana: Providing Incentives to Investors and Consumers

"A discussion of the housing market problems in Ghana must recognize the pervasive role of Government. Not only does Government exert an indirect influence generally on housing markets through tax policies, but it also exerts, in particular, a dir...

Liquidation Of The TOR Debt: Why Securitization Is A Better Option Than Recovery Through Petroleum Prices

"The Legislative Alert argues the current system of levying taxes through fuel price to pay the Tema Oil Refinery Debt is seriously flawed. Not only is the process cumbersome and inefficient, but it also puts an unnecessary burden on consumers. Th...

The Problem Of High Interest Rates: Don’t Control But Please Regulate

"The persistence of high interest rates in Ghana is the collective responsibility of banks, the fiscal authorities and the monetary authorities. High bank lending rates and large spreads are of particular concern, not only can they not be justifie...

Africa Can And Must Overcome Its Addiction To Foreign Aid

"This Legislative Alert draws attention to African countries’ addiction to foreign aid. It points out that this has not entirely helped the continent’s development because aid has been inadequate and has increased Africa’s indebtedness with consid...

The Petroleum Sector Should Be Fully Deregulated And Depoliticized In The National Interest

"For more than a decade, a process to deregulate the domestic petroleum sector remains uncompleted. This is because successive Governments have not been able to muster the necessary political courage to implement it fully. At best, the policy has ...

Ghana’s Middle-Income Reality Check Part II: Social And Infrastructure Dimensions

"After rebasing in 2010, Ghana’s per capita GDP rose to Middle-Income Country (MIC) level as defined by the World Bank. The per capita income measure is, however, seen to be too narrow as it does not even include key economic indicators let alone ...

Determinants Of Economic Growth In Ghana

"An econometric analysis of the factors influencing long-run economic growth in Ghana since independence was undertaken using a variant of neo-classical growth model based on available data from 1966 to 2000. The dependent variable of this long-r...

Wagner’s Law And The Causal Nexus Between Government Expenditures And Tax Receipts: An Empirical Study Of Ghana

"Wagner's law is tested by using the traditional versions and our own versions which account for prices. Results show that Wagner's law exists in Ghana. However, there is no empirical support to the view that increases in government expenditure...

Economic And Social Policies Of Dynamic Southeast Asian Countries: How Applicable are They To Ghana and Africa?

"This paper discusses some of the successful social and economic policies . adopted by the dynamic Southeast Asian countries that could be applied to the Ghanaian and African contexts. The analysis focuses on five main dynamic ASEAN countries: ...

The Ghana Poverty Reduction Strategy, the Budget and Country Ownership

"National budgets are essentially vehicles for the implementation of the aspirations, goals and objectives of a nation. Such aspirations find expression in national plans. Prior to 2001, the Ghana Vision 2020 document encapsulated the government's...

Mitigating The Costs Of “Washington Consensus” Policies: Titbits For Ghana And Other African Countries

"African countries have for several decades been receiving development assistance from the Bretton Woods Institutions (BWIs) based in Washington, D.C. The assistance comes with policies that reflect a liberal ideology fashioned in Washington and d...

The Perils Of “A Guggisberg Economy”

"More than half a century after independence, the Ghanaian economy remains dependent on cocoa and gold for its survival. The country has failed to diversify the economy's production base all these years. In essence, the economy has retained its c...

Ghana’s Middle-Income Reality Check Part I: The Economic Dimension

"After rebasing in 2010, Ghana’s per capita GDP rose to Middle-Income Country (MIC)level as defined by the World Bank. The per capita income measure is, however, seen to be too narrow as it does not even include key economic indicators let alone i...

The Heavily Indebted Poor Country Initiative: Processes And Issues

"This paper analyzes the Heavily Indebted Poor Countries' Initiative (HIPC) with a focus on the experiences of countries such as Uganda and Bolivia that have had the most experience with the program. It was written at a time when Ghana was conside...

The Social Significance Of Ghana’s 2002 District Level Elections – In The Upper East Region

"This paper attempts to analyse the social structure of the District Assemblies created by the District Assembly Elections of 2002. The Upper East Region of Ghana, which is the poorest region in the country, is the focus of the study. The analysis...

Gender Issues In Ghanaian Higher Education

"The paper argues that Ghana has made significant strides in providing access to quality education at all levels of the educational system since independence. However, as the demand for education skyrocketed and the Ghanaian economy went into a ta...

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