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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 perform…

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 is …

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 ma…

Strengthening Ghana's Electoral System : A Precondition for Stability and Development

Inextricably interwoven with elections, is the democratization process. Political party engagement stems from the aggregation of political ideas through political parties so that a meaningful political competition can take place. Hence, to rig an el…

Civilian Control and the Security Sector

The democratic transition and consolidation that Ghana has gone through, reflects in several ways the struggles for democratic accountability, transparency and sustainability, with broad support from different sections of the community. These confor…

Strengthening Ghana's Electoral System : A Precondition for Stability and Development

In Africa the democratization process is inextricably interwoven with elections. Elections give meaning to the concept of political representation and the protection of all the rights enshrined in the Universal Declaration of Human Rights and the C…

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 p…

Development Without Aid

Particularly prevalent among African officialdom, there is a disturbing mindset, that somehow development is impossible without the intervention of foreign aid. The former President of the Republic of Zambia, Kenneth Kaunda, wept before the General …

High Interest Rates in Ghana, A Critical Analysis

The question of high interest rates in Ghana is examined in this paper. The author notes that high interest rates have not only kept the cost of credit unnecessarily high, but have also discouraged many otherwise viable projects from being implement…

"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 gov…

Accountability Mechanisms in Ghana’s 2010 Proposed Oil Legislation

This article assesses each of the July 2010 Bills vis-à-vis its potential to contribute to accountable and effective management of Ghana’s oil heritage. It asserts that the creative,forward-thinking elements of the Revenue Management Bill found thei…

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 hydroca…

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 the …

Ghana's Debt Profile and Sustainability

"The profile and sustainability of Ghana's debt are assessed for the period 2000-12. The assessment was based on debt-to-GDP ratios and the fiscal approach to debt sustainability, which can only provide backward-looking analysis. The dearth of debt …

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 second…

Addressing the Imbalance of Power between the Arms of Government - a Search for Countervailing Authority

"In Ghana, the political terrain is patently underscored by executive dominance resulting in an acrimonious battle to capture this ultimate prize. Hence, a cry against "winner take all", a quest for "power sharing" or proportional representation to …

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 was…

Understanding the Causes and Impacts of Conflicts in the Northern Region of Ghana

In this paper the causes and impacts of conflicts in Northern Region are examined, with particular reference to the Konkomba inter-ethnic conflicts. It situates the question of conflict within the context of the Northern Region of Ghana and defines …

The Gap between the Health Status of Rural and Urban Women in Ghana: A Case Study of Patients at a Mission Hospital in the Ashanti Region

The women in rural areas play an important role in sustaining the agricultural sector which is often the backbone of many developing countries. However, their share of the national pie does not often reflect the importance of their contribution to t…

Do Ghanaian Farmers have Preferences for the National Biodiversity Strategy? A Case Study of Farmers Living around the Kakum National Park in the Central Region

In Developing Countries the natural capital constitutes about 20% of GDP. However, international environmental agreements requires these countries to conserve these resources irrespective of immediate human preferences. The present study contingent …

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