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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 IEA Petroleum Transparency and Accountability Index: The PTRAC Index 2012 Report : Tracking Transparency and Accountability in Ghana's Oil and Gas Industry

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 th...

Improving Fiscal Management in Ghana: The Role of Fiscal Policy Rules

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 perfo...

Climate Change in Ghana: Impacts on Agriculture and the Policy Implications

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 i...

Oil Production and Ghana's Economy: What Can We Expect?

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 ...

Improving Fiscal Management in Ghana : The Role of Fiscal Policy Rules

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...

"Economic Growth, Expanding Role of Government and Fiscal Policy in Ghana : 1965-2004"

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 g...

Multilateral Economic Development Efforts in Sub Saharan Africa

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 institutio...

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...

Effective Parliamentary Oversight: Mission Impossible?

"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...

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...

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