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Amendments To The Companies Code And Proposals For Reform

"After diligent and excellent preparatory work by Professor L C B Gower, comprising a detailed explanatory report and draft legislation, the President and the National Assembly enacted the Companies Code. 1963 (Act 179).In this paper, we shall bri...

Preliminary Observations Of The Impact Of The Global Financial Crisis On The Ghanaian Economy

"The global financial crisis that emanated from the United States is the worst financial crisis since the Great Depression of the 1930s. This crisis started in late 2007 and intensified throughout 2008. From early 2008 onwards, the value of shares...

African Countries Should Control Their Economic Destiny And Not Mortgage It To Washington

"This Legislative Alert argues that neo-liberal “Washington Consensus (WC)” policies prescribed by the Bretton Woods Institutions (BWIs) to African countries receiving their financial assistance that favor free markets and private enterprise over ...

Agreeing To Disagree In The Interest Of Ghana

"Embedded in Ghana's multiparty democracy ushered in by the fourth Republican Constitution, 1992 is recognition of the idea that not all Ghanaians will share in the same political ideology on issues regarding how the country should be governed. A...

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...

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: ...

Are Our Revenue Targets On Target?

"Revenues constitute the lifeblood of all economies. They not only finance development projects and the recurrent costs arising from such projects, but also pay for statutory expenditures such as debt servicing. Maximizing revenues however, requir...

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...

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...

Assessment Of Inflation Trends Management And Macroeconomic Effects In Ghana

"Ghana has experienced high inflation over a long period of time. Over the past thirty years, monetization of fiscal deficits and cyclical food deficits have been the principal drivers of inflation. Achieving sustained disinflation therefore depen...

The Case for Ghanaian International Tourism Industry

"The decline in the prices of the traditional exports of Ghana, especially gold, cocoa and forestry products highlights the need for greater diversity in the promotion of alternative exports. Stated simply, greater diversity is needed to reduce th...

Budget Discipline Should Be Entrenched In Ghana As A Policy Priority

"Perennial fiscal deficit overruns in Ghana and their adverse effects on the economy have attracted widespread concern. Motivated by this concern, IEA carried out research to assess the processes, arrangements and the legal framework for budget pr...

Single-Digit Inflation And The Cost Of Living Dichotomy In Ghana

'Ghana has a long history of high inflation rates, popularly attributed to supply not keeping up with demand. However, Ghana's current single digit inflation can be attributed to a number of factors including the reduction in global inflation rat...

Ghana’s Middle-Income Status Has Several Gaps That Need To Be Filled

"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 ...

The Answer To The Cedi’s Weakness Is To Address The Economy’s Fundamentals

"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 towar...

Five Years Of Inflation-Targeting In Ghana: What Has Changed And What Needs To Change Further To Enhance The Process?

"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 m...

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