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    The Economy of Ghana Sixty Years after Independence

    The Economy of Ghana Sixty Years after Independence by Aryeetey, Ernest; Kanbur, Ravi;

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    Product details:

    • Publisher OUP Oxford
    • Date of Publication 23 February 2017

    • ISBN 9780198753438
    • Binding Hardback
    • No. of pages436 pages
    • Size 241x167x30 mm
    • Weight 770 g
    • Language English
    • Illustrations Figures and Tables
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    Short description:

    This volume assesses the challenges facing Ghana's economy as it enters its seventh decade and the nation heads towards three quarters of a century of independence.

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    Long description:

    As Ghana approaches its 60th birthday, optimism and worries for the future continue to be present in equal measure. Economic growth in the last decade has been high by historical standards. Indeed, recent rebasing of GDP figures has put Ghana over the per capita income threshold into Middle Income Country status. However, structural transformation has lagged behind. Fiscal discipline has also eroded significantly and there is heavy borrowing, especially on the commercial market, while elements of the natural resource curse from oil have already occurred. The question most observers ask is whether the gains from two decades of reforms are being reversed. Given this background, this volume brings together leading established and young economists, from within and outside Ghana, to analyze and assess the challenges facing Ghana's economy as it enters its seventh decade and the nation heads towards three quarters of a century of independence.

    The chapters cover the major macroeconomic and sectoral issues, including fiscal and monetary policy, trade and industrialization, agriculture and infrastructure. The volume also covers a full range of social issues including poverty and inequality, education, health, gender, and social protection. The book also examines the implications of the oil boom for Ghanaian development, and the role of institutions.

    The book works diligently through its subject matter via an assemblage of chapters pivoting around carefully selected themes, which in the main deal with sectoral analysis and economic policy theory and practice. The sectors range quite ambitiously from the financial sphere through the ever vexatious and perennial question of land reform and agriculture, to the arenas of health care, education, gender, physical infrastructure and urbanization, among others.

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    Table of Contents:

    Part I: Overview
    Ghana at Sixty: Learning from a Developing African Nation's Past
    W. Arthur Lewis and the Roots of Ghanaian Economic Policy
    Property and Freedom
    Part II: Macroeconomy and Finance
    Economic Growth in Ghana: Trends and Structure (1960-2014)
    Sixty Years of Fiscal Policy in Ghana: Outcomes and Lessons
    Monetary Policy and Inflation Management in Ghana: Inflation Targeting and Outcomes
    Trade and Exchange Rate Policies since Independence and Prospects for the Future
    Banking and Capital Markets: The Evolution of Ghana's Financial Sector and Future Prospects
    Oil and Ghana's Economy
    Part III: Sectoral Perspectives
    Flickering Decades of Agriculture and Agricultural Policy
    Industrial Policy in Ghana: From a Dominant State to Resource Abundance
    Formal and Informal Enterprises as Drivers and Absorbers of Employment
    Urbanization in Ghana: Retrospect and Prospects
    State of Ghana's Infrastructure and its Implications for Economic Development
    Managing the Environment for Development
    Mining in Ghana: Critical Reflections on a Turbulent Past and Uncertain Future
    Part IV: Human Development
    Inequality and Poverty in Ghana
    Employment and Labour Market
    Closing the Gender Gaps in Ghana
    The Prospects and Challenges of a Youthful Population in Achieving Economic and Social Transformation in Ghana
    Education in Ghana: Access, Quality, and Prospects for Reforms
    Health and Healthcare in Ghana, 1957-2017
    Social Health Insurance in Ghana: The Politics, Economics and the Future

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