The economy of Ghana sixty years after independence 1st Edition by Ernest Aryeetey, Ravi Kanbur ISBN 9780198753438 978-0198753438

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Product details:

ISBN 10: 9780198753438

ISBN 13:  978-0198753438

Author:  Ernest Aryeetey,  Ravi Kanbur

 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.

Table of contents: 

Part I Thematic Issues

1.Ghana at Sixty: Learning from a Developing African Nation’s Past

2.W. Arthur Lewis and the Roots of Ghanaian Economic Policy

3.Property and Freedom

Part II Macroeconomy and Finance
4. Economic Growth in Ghana: Trends and Structure, 1960–2014
5. Sixty Years of Fiscal Policy in Ghana: Outcomes and Lessons
6. Monetary Policy and Inflation Management in Ghana: Inflation Targeting and Outcomes
7. Trade and Exchange Rate Policies since Independence and Prospects for the Future
8. Banking and Capital Markets: The Evolution of Ghana’s Financial Sector and Future Prospects
9. Oil and Ghana’s Economy

Part III Sectoral Perspectives
10. Flickering Decades of Agriculture and Agricultural Policy
11. Industrial Policy in Ghana: From a Dominant State to Resource Abundance
12. Formal and Informal Enterprises as Drivers and Absorbers of Employment
13. Urbanization in Ghana: Retrospect and Prospects
14. State of Ghana’s Infrastructure and its Implications for Economic Development
15. Managing the Environment for Development
16. Mining in Ghana: Critical Reflections on a Turbulent Past and Uncertain Future

Part IV Human Development
17. Inequality and Poverty in Ghana
18. Employment and Labour Market
19. Closing the Gender Gaps in Ghana
20. The Prospects and Challenges of a Youthful Population in Achieving Economic and Social Transformation in Ghana
21. Education in Ghana: Access, Quality, and Prospects for Reforms
22. Health and Healthcare in Ghana, 1957–2017
23. Social Health Insurance in Ghana: The Politics, Economics, and the Future

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Tags: Ernest Aryeetey, Ravi Kanbur, Economy, Ghana, Sixty Years, Independence