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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…

Exchange Rate Regimes and Inflation in Tanzania

"The study examines the influence of the major determinants of inflation with a particular focus on the role of exchange rate policy changes. The gradual change in policy orientation from “controls” to “market” in Tanzania is associated with a chang…

Macroeconomic Approaches to Identifying the Effects of Health on Output, Growth and Poverty

"The research project as a whole is focused on causal relationships running from health to productivity and poverty reduction with the aim of informing health policy. This framework paper deals with research possibilities in the field of macroeconom…

Mitigating the Effects of the Credit Crunch through Trade: The Case of Uganda

"This paper analyzes how Uganda could exploit export market diversification as one of the possible responses to the potential impacts of the global financial crisis. It provides an overview of the possible impact of the crisis on the macroeconomic o…

Performance and Competitiveness of Small and Medium Sized Manufacturing Enterprises in Botswana

"Small and Medium Enterprises play a crucial role in achieving the industrial and economic development objectives of an economy. SME's play an important role in employment creation, especially for the unskilled and semi skilled. They also possess th…

Towards a New 'Washington Consensus'? South Africa, The G20 Leaders' Summit and the Financial Crisis

To the apparent surprise of G20 Finance Ministers and Central Bank governors meeting in Washington during the annual October gathering in 2008, George Bush, outgoing President of the United States of America (US), proposed that a formal summit of G2…

Righting The Ills Of Budget Preparation, Implementation And Oversight In Ghana

"Perennial budget overruns and their adverse effects on the economy have attracted widespread concerns. Motivated by these concerns, this paper assesses institutional processes, arrangements and the legal framework for budget preparation, implementa…

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…

Macroeconomics Implications of Female Entrepreneurs Facing Financial Frictions in Credit Access: A DSGE Model Approach in Cameroon

Financial inclusion in developing economies remains a major concern nowadays, both for national policymakers and international stakeholders. For a country like Cameroon, aspiring to an emergence in 2035, the key challenge is to identify and overco…

Explaining Financial Crises in an African Open Economy

This study investigated the probable sources of crisis in the financial sector of Nigeria, over the period, 1960-2014. Two distinct phases of financial crises in the country were enclosed by the scope of the study. Both the policy and economic envir…

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…

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…

Twin Deficits Phenomenon in the West African Economic and Monetary Countries: Panel Data Analysis

For a long time, the West African Economic and Monetary Union (WAEMU) countries have been experiencing persistently high budget and current deficits. This study was undertaken to empirically test the “Twin Deficits Hypothesis” in these countries. …

The Nigerian Economy Reforms, Emerging Trends and Prospects

This paper sought to provide some understanding of the Nigerian economy in a clear, simple and concise form. Though the Nigerian economy has a complex history that can hardly be exhausted in a monograph, the authors attempted to have a comprehensiv…

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