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Why is Ghana so Poor, yet Rich underneath the Soil?

On the 14th of February, 2019, the Ministry of Finance announced what is described as the biggest oil find in Africa, 450 million – 550 million barrels, with potential reserves of nearly 1 billion barrels of oil. Fortuitously, this new “find” has oc…

Making Fiscal Council Work for Ghana: Country Experiences and Best Practice

This paper provides some insights and operational guideposts on the design, scope and implementation of an effective fiscal council in Ghana for stemming fiscal indiscipline and improving fiscal performance. In particular, it looks at recent country…

Gender Implications of Geographical Indications for Ghanaian Shea Butter

This policy briefing is based on research that examines how current debates about extending geographical indications (GI) to products other than wines and spirits may impact women entrepreneurs in developing countries. The case study uses women pr…

Advancing the Cause for a Favourable Business Environment through Advocacy

The study surveyed 200 businesses in the Greater Accra, Ashanti, Western and Eastern regions operating in the agriculture, industry and services sectors on their key constraints and the effect on their confidence and performance. These constraints…

Strengthening Participation of Civil Society Organisations in National Evaluation Systems: Insights from Uganda, Rwanda, Kenya and Ghana

Recent diagnostic studies unpacked the current status of a National Evaluation System (NES) in five partner countries, in order to determine the most appropriate interventions for strengthening evaluation systems in targeted countries. This work hig…

Report on a Scoping Visit to Ghana: 13-15 June 2017

A Twende Mbele delegation, comprised of the Chair of the Management Committee, Director for CLEAR-AA, and the South African Project Coordinator: Dr Ian Goldman, Dr Laila-Ruth Smith and Ms Rendani Manugu, respectively, undertook a scoping visit to G…

Determinants and Economic Impact of International Tourist Arrivals in Ghana

Given Ghana’s endowments such as attractive sites; more than 500km of beaches, and World Heritage forts and castles, tourism is seen as an important tool for promoting the socio-economic development in that it generates many economic benefits such a…

Economic Complexity and Employment Expansion in Africa

The long-run growth and development literature has found that for a pattern of structural transformation and inclusive growth to assert itself in an economy, two key inter-linked ingredients are required. Firstly, the move from a low productivity ag…

G20 Compact with Africa: The Case of Ghana

Ghana’s participation in the G20 Compact with Africa (CwA) indicates its strong appetite for reforms, seeing as its reform commitments were already reform actions under its International Monetary Fund (IMF) Extended Credit Facility Programme. Howeve…

Despite Recent Banking Shake-up, Ghanaians Still See Banks as their Safest Options

Ghana’s banking sector is the second-largest in the West African Monetary Zone and recorded a 33.9% increase in total assets between June 2016 (GHS 66.29 billion) and June 2018 (GHS 100.35 billion). But during the past two years, the country’s finan…

Ghanaians Voice Dissatisfaction with Living Conditions, Government Economic Conditions

Ghana has made giant economic strides over the past decade. In 2011 the country climbed from lower-income to middle-income status, and both per-capita income and gross domestic product roughly doubled between 2008 and 2018. Fueled in part by newly d…

Ghanaians Perceive Increase in Corruption Level, Give Government Low Marks on Fighting Graft

Fighting corruption was one of the main campaign planks of Ghana’s current government. During his inauguration speech in 2017, President Nana Akufo-Addo cited the war on graft as his top priority, pledging to protect the public purse and rejecting t…

How the Fertilizer Subsidy Program can Boost Economic Growth and Employment in Ghana

Ghana’s agricultural sector has performed sluggishly in recent years, expanding at just 3.6% a year between 2010 and 2016, compared with average growth of 7.2% in the economy overall. Any growth in the sector has mostly been attributed to land expan…

Sovereign Wealth Funds in Africa: Taking Stock and Looking Forward

This paper provides a primarily qualitative analysis of sovereign wealth funds (SWFs) on the African continent. It explores SWF mandates, including macro-economic management, savings and development, and their ability to combat the so-called resourc…

The IEA Corruption Survey Report

Corruption has become a household word and discussed everyday by politicians, journalists, government officials and the citizenry, on radio and television stations and the print media. In Ghana the perception of corruption among the people is very …

Ghanaians Cite High Cost, Bias, and Long Delays as Barriers to Using Formal Justice System

Ghana’s justice sector was adjudged Africa’s sixth-best in the 2019 Rule of Law Index, dropping from first position in 2018. The country is a signatory to the African Charter on Human and Peoples’ Rights and the Maputo Protocol, both of which oblige…

Ghanaians' Acceptance of Security-related Restrictions Faces Test with COVID-19 Lockdown

Effective Monday, 30 March, parts of Greater Accra and Ashanti regions – the areas of Ghana most affected by the COVID-19 pandemic – were placed on lockdown, in accordance with President Nana Akufo-Addo’s announcement in his fourth address to the na…

A Tale of Two Countries: Lessons from Zambia and Ghana in Engaging the IMF

Zambia’s last programme with the International Monetary Fund (IMF) expired in 2011. At that time, the country had established sustained macroeconomic stability and robust growth underpinned by conservative fiscal and monetary policies as well as a c…

Trusted and Influential: Religious and Traditional Leaders can be Assets in COVID-19 Fight

In late March, the Ghanaian government locked down parts of the Greater Accra and Ashanti regions to slow the spread of COVID-19 and deployed security personnel to enforce the restrictions. In announcing the measures, President Nana Akufo-Addo sai…

Estimating Ghana's Tax Capacity and Effort

The main objective of the study is to estimate and analyze Ghana’s tax potential and effort and to determine how much more tax the country could generate based on its desired expenditure needs. To achieve this objective, a stochastic tax frontier mo…

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