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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 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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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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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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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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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 second…
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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 was…
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"Ghana's recent discovery of oil and the anticipated petroleum revenue flows has raised expectations about the future economic development of the country. Yet Ghana's poor record in the area of public financial management, as demonstrated by many o…
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"Mining (mineral extraction) in Ghana has a long history and that history is a love-hate one. Mining has been regarded with suspicion and has been attacked for several reasons, chief among which is the often leveled charge that the adverse environme…
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"In recognition of corruption as a major obstacle to development, Ghana has over the past 18 years of the current constitutional dispensation initiated some useful institutional reforms and created a number of new constitutional and statutory watchd…
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"The paper examines the reasons for the recent sharp depreciation in the cedi, while placing the problem in a long-term context. The paper offers both short-term and long-term solutions to safeguard the cedi's value. As a bottom line, the paper argu…
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"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 im…
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"The Ghanaian Cedi has been on the decline for the better part of its history, apparently with no end in sight. An IEA study has determined that the long-run decline of the Cedi is influenced by economic fundamentals that drive the real rate towards…
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"After achieving political independence in 1957, Ghana set up its own central bank to conduct independent monetary policy among other functions. Since then, various frameworks have been adopted to deliver price stability as the principal goal of mon…
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"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 im…
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"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 direc…
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