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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 im…

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-run…

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 imp…

The Heavily Indebted Poor Country Initiative: Processes And Issues

"This paper analyzes the Heavily Indebted Poor Countries' Initiative (HIPC) with a focus on the experiences of countries such as Uganda and Bolivia that have had the most experience with the program. It was written at a time when Ghana was consideri…

Private Sector Investment in Sierra Leone: An analysis of the Macroeconomic Determinants

Many developing countries experienced a downturn in economic growth in the early 1980s. In Africa, the growth rate of income per capita fell significantly following persistent decline in domestic investment. For Sierra Leone, private investment as…

Is Sudan's Public Debt Sustainable? Preliminary Assessment

The motivation of this study is the recently launched global agenda of SDGs goals (17.4) that proposes to “ Assist developing countries in attaining long-term debt sustainability; this is to be attained through coordinated policies aimed at fosterin…

The Global Outlook and Morocco

Despite fraught politics, the global outlook is strengthening. The next twelve months are likely to be characterized by moderate but steady growth across the world. However, the outlook becomes murkier as we move into the second half of 2018 and 201…

Bridging the PAYE Tax Revenue Gap

"Based on the Report “Uncovering the Unknown: An analysis of Tax Evasion in Zambia,” Zambia is currently grappling with issues of reducing high budget deficits. Zambia’s tax revenue-to-GDP ratio dropped to a record low of 13% in the early 1990s from…

Taxation of the informal sector in Zambia

"Zambia, like most developing countries, has undertaken tax reforms in a bid to raise more revenue from its tax system. Though tax reforms in Zambia began in the early 1990s, tax revenue has grown only marginally from its sharp decline prior to the …

A Guide to Mining Taxation in Zambia

"With some of the worst poverty statistics in Africa, Zambia appears to have little to show for a century of mining. While much work has been undertaken on mining taxation in Zambia, it has been quite technical in nature. This is out of reach of mos…

The Impact of Trading With China on Botswana's Economy

"The objective of this paper is to examine the impact of trading with China on Botswana’s domestic and third markets. The paper also assesses the structure and magnitude of Botswana-China bilateral trade. Botswana’s trade balance with China has been…

Inflation Dynamics in Botswana and Bank of Botswana's Medium-Term Objective Range

"This study is motivated by the high and unpredictable episodes of inflation in Botswana over the last 20 years. This is despite the Bank of Botswana's concerted effort to keep inflation at its minimum and stable over time. More specifically, the Ba…

What has Tax Got to Do with Development Mozambique A Critical Look at Mozambique's Tax System

"The report takes a closer look at the relationship between taxation and development in Mozambique by examining the various complexities surrounding taxation as a development finance mechanism in Mozambique including the current tax framework, the a…

Taxation As a Domestic Resource Mobilisation Tool for Financing Development in Sub Saharan Africa

"The global financial crisis exposed the vulnerability of developing countries for their reliance on foreign aid resources for their development agenda. The crisis resulted in the dwindling of resources for the countries advancing aid and subsequent…

Africa Rising: Inequalities and the Essential Role of Fair Taxation

"This report investigates the issue of income inequality in eight sub-Saharan African countries (Ghana, Kenya, Malawi, Nigeria, Sierra Leone, South Africa, Zambia and Zimbabwe). While there is growing public recognition that inequality is the issue …

Domestic Debt Management In Africa: The Case Of Malawi

"The study found that in Malawi there are clear procedures and legislations for issuing and management of domestic debt spelt out in the Public Finance Management Act of 2003. Since 2004, the government of Malawi has managed to achieve macroeconomic…

Domestic Debt Management in Africa: The Case of Zambia

"This study has made a number of pertinent observations. Significant is that domestic debt in Zambia has, in the past five years, been increasing at a high rate in nominal terms but in GDP terms has been on the decline. This is against a background …

The PRGF and Fiscal Space in Malawi

"The purpose of this study is to assess whether the fiscal space in Malawi has increased as a result of the implementation of the Poverty Reduction and Growth Facility (PRGF) programme and, if so, whether it has contributed to the implementation of …

Domestic Debt Management in Africa: The Case of Ghana

"This report analyses the development in public domestic debt in Ghana, and its impact on the economy for the period 2000 to 2009 with the objective of looking at the institutional framework regarding the budgetary process, uses of public funds and …

The Challenges of Debt Sustainability in Africa: The Case of Ethiopia

"The development challenges facing sub-Saharan Africa are deep-rooted and numerous. In the case of Ethiopia, they include acute poverty (44.2% of its population below the poverty line); historically low economic growth (averaging 2.6% over the last …

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