Journal articles: 'Economic development – Ghana'

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Mensah, David Kwasi. "Leadership and Economic Development of Ghana." Journal of Social Science Studies 8, no. 1 (May 2, 2021): 24. http://dx.doi.org/10.5296/jsss.v8i1.18590.

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The relationship on leadership quality and its impact on skewed economic development in Ghana have been investigated. This investigation has been carried out in Ghana and its neighbouring countries that attained independence around the same time, under similar pattern of political governance. A comparative analysis is used to differentiate between these countries economic policies and their leadership styles used. It reveals that Ghana remains static and underdeveloped for many years despite changes in leadership and political governance. Evidently, while at the time of their independence, Ghana’s per capital income in 1960 was higher than Nigeria, India and Egypt. Ghana’s development has been sluggish whilst the rest of the countries have accelerated at a faster rate with fantastic economic policies combined with good leadership skills.

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Akudugu, Jonas A. "Institutionalising local economic development practice in Ghana." Local Economy: The Journal of the Local Economy Policy Unit 33, no. 4 (May 11, 2018): 405–20. http://dx.doi.org/10.1177/0269094218774250.

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In recent times, the term ‘local economic development’ has been conceptualised and introduced as a bottom-up participatory development strategy in Ghana. It is intended to be implemented at the district level to facilitate the revitalisation of the local economy and create jobs for local residents. Using in-depth interviews and the analysis of relevant policy documents, this paper evaluates efforts aimed at institutionalising the practice in local institutional frameworks and development planning practice in the country. The paper found out that processes aimed at institutionalising contemporary local economic development practice in Ghana are not making any meaningful impact. Institutional frameworks such as the structuring of development policymaking and planning in the country are still rigid and promote bureaucratic top-down development decision-making processes. Similarly, the promotion of a meaningful bottom-up decentralised planning system is only a well-packaged talk by policymakers in the country. Evidence shows that there is a clear lack of political will to implement reforms, particularly the new decentralisation policy that seeks to make District Assemblies in Ghana responsive to local economic development promotion. There is the need for a conscious effort towards making local economic development practice matter in national and local development endeavour in Ghana.

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ALFSEN, KNUT H., TORSTEIN BYE, SOLVEIG GLOMSRØD, and HENRIK WIIG. "Soil degradation and economic development in Ghana." Environment and Development Economics 2, no. 2 (May 1997): 119–43. http://dx.doi.org/10.1017/s1355770x97000132.

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Soil erosion and soil mining are important environmental problems in many developing countries and may represent a considerable drag on economic development. The cost of soil degradation depends, however, not only on the productivity effects it has on agricultural growth, but also on how the agricultural sectors are linked to the rest of the economy. This article describes an integrated economy–soil-productivity model for Ghana, and through several simulated scenarios we calculate the drag on the Ghanaian economy of soil mining and erosion, and illustrate the effects of different policies aiming at a reduction in these environmental problems.

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Alemna, A. A. "Libraries and the economic development of Ghana." Aslib Proceedings 41, no. 3 (March 1989): 119–25. http://dx.doi.org/10.1108/eb051131.

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Owusu-Nantwi, Victor, and Christopher Erickson. "Public Debt and Economic Growth in Ghana." African Development Review 28, no. 1 (March 2016): 116–26. http://dx.doi.org/10.1111/1467-8268.12174.

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Adu Amoah, Lloyd G., and Kwasi Asante. "Ghana-Korea Economic Relations – The Record after 40 Years and the Future." African and Asian Studies 18, no. 1-2 (March 7, 2019): 6–39. http://dx.doi.org/10.1163/15692108-12341414.

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Abstract Over the last sixty years the economic and industrial fortunes of Ghana and Korea have proved worryingly divergent. Though Ghana and South Korea had comparatively similar GDP per capita in the 1960s, South Korea in 20171 ($29,742.839) has been able to attain a GDP per capita that is about ten times that of Ghana ($1,641.487). This work critically examines the economic relationship between Ghana and South Korea in the last forty years. It focuses on the economic miracle of South Korea and the lessons for developing countries like Ghana. The article utilizes economic, historical and policy data drawn from primary and secondary sources in an attempt to examine the economic relations between the two countries thus far and prescribe ways in which Ghana can benefit far more than ever before from her economic co-operation with Korea. The paper argues that for Ghana to benefit from its economic relations with South Korea the ideational example of this East Asian state in constructing a developmental state (DS) is critical. Flowing from this, it is recommended that this West African nation becomes more diligent and innovative in her economic relations with Korea as a matter of strategic necessity in pursuit of Ghana’s long held industrialization dream.

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Ayelazuno (Abembia), Jasper. "Development economics in action: a study of economic policies in Ghana." Canadian Journal of Development Studies/Revue canadienne d'études du développement 33, no. 3 (September 2012): 388–91. http://dx.doi.org/10.1080/02255189.2012.707974.

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Owiredu, Alexander, Moses Oppong, and Sandra A. Asomaning. "Macroeconomic Determinants of Stock Market Development in Ghana." International Finance and Banking 3, no. 2 (August 1, 2016): 33. http://dx.doi.org/10.5296/ifb.v3i2.9555.

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Financial systems have been found to have a positive influence on the economic development of most countries. The stock market, which is also a component of the financial system is said to play an integral role in economic growth. This paper examines the macroeconomic determinants of stock market development in Ghana for the period 1992 to 2012 using annual secondary data from Bank of Ghana Quarterly Economic Bulletins, Ghana Statistical Service, Ghana Stock Exchange Market Statistics, the World Bank and IMF’s International Financial Statistics. The macroeconomic indicators such as the real income (GDP per capita income), domestic saving, stock market liquidity, financial intermediary growth, macroeconomic stability (inflation) and private capital flows with stock market capitalization used as a proxy for the study were collected and used for the analysis. These variables were examined to establish a relationship with stock market developments based on a linear regression model.The regression analysis found stock market liquidity to be statistically significant to stock market developments as opposed to the other determinants (such as macroeconomic stability (inflation) real income and domestic savings and private capital flows) which were found to be non-significant. This result suggests that macroeconomic stability (inflation), real income, domestic savings and private capital flows proved not to have any significant impact on stock market development, since their regression coefficients were not statically significant at the 5% level of significance.

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Naylor, Rachel. "Women farmers and economic change in northern Ghana." Gender & Development 7, no. 3 (November 1999): 39–48. http://dx.doi.org/10.1080/741923242.

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Ofori-Abebrese, Grace, Robert Becker Pickson, and Benjamin Tsatsu Diabah. "Financial Development and Economic Growth: Additional Evidence from Ghana." Modern Economy 08, no. 02 (2017): 282–97. http://dx.doi.org/10.4236/me.2017.82020.

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Adu, Kwaku Appiah, and Samuel Aning. "Strategic thinking and economic development: the case of Ghana." International Journal of Business and Emerging Markets 4, no. 3 (2012): 258. http://dx.doi.org/10.1504/ijbem.2012.047788.

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Jedwab, Remi, Felix Meier zu Selhausen, and Alexander Moradi. "Christianization without economic development: Evidence from missions in Ghana." Journal of Economic Behavior & Organization 190 (October 2021): 573–96. http://dx.doi.org/10.1016/j.jebo.2021.07.015.

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Eshun, Gabriel, and Tembi M. Tichaawa. "Towards sustainable ecotourism development in Ghana." Tourism 68, no. 3 (2020): 261–77. http://dx.doi.org/10.37741/t.68.3.2.

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The study, which focused on Bobiri Forest Reserve and Butterfly Sanctuary in Ghana, sought to identify the challenges that the local communities face in contributing to the sustainability of the Sanctuary, to categorise the benefits that the local communities derive from ecotourism, and to evaluate the local involvement toward the sustainability of the Sanctuary. A mixed-methodological approach was employed in the data collection and analysis. Semi-structured questionnaires were administered to 387 respondents, selected from the six surrounding communities, at the study site. The study also purposively selected and interviewed some key informants. The study revealed that the local communities did not contribute much to the sustainability of the Sanctuary. At the time of the study, the national government received most of its economic benefits at the expense of the local communities. The study recommends the involvement of the neighbouring communities in the development of ecotourism in the Sanctuary, as well as the introduction of structures that help to ensure equitable distribution of the economic benefits accruing from ecotourism.

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Jumpah, Emmanuel Tetteh, Richard Ampadu-Ameyaw, and Johnny Owusu-Arthur. "Youth employment in Ghana: economic and social development policies perspective." World Journal of Entrepreneurship, Management and Sustainable Development 16, no. 4 (September 14, 2020): 413–27. http://dx.doi.org/10.1108/wjemsd-07-2019-0060.

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PurposeCreating employment opportunities for the youth remains a dilemma for policymakers. In many cases, policies and programmes to tackle youth unemployment have produced little results, because such initiatives have failed to consider some fundamental inputs. In Ghana, youth unemployment rate has doubled or more than doubled the national average unemployment rate in recent years. The current study, therefore, examines how policies in the past two decades have affected youth unemployment rate and other development outcomes.Design/methodology/approachThe study reviewed national economic development policy documents from 1996 to 2017 and other relevant policies aimed at creating employment opportunities for the youth, applying the content analysis procedure. Four main policy documents were reviewed in this regard. Data from secondary sources including International Labour Organisation (ILO), World Bank (WB), United Nations Development Programme (UNDP) and Ghana Statistical Service (GSS) were analysed to examine the trends in youth unemployment rate, human development index and GDP growth rate in Ghana over the years. There were also formal and informal consultations with youth and development practitioners.FindingsThe results of the study show that policies that promote general growth in the economy reduce youth unemployment, while continuation of existing youth programmes, expansion, as well as addition of new ones by new governments reduces youth unemployment rate. In particular, GDP growth and youth unemployment rate trend in opposite direction; periods of increased growth have reduced youth unemployment rate and vice versa. The period of Ghana Shared Growth and Development Agenda I & II witnessed better reduction (5.7%) in youth unemployment rate than any of the policy periods. This was not sustained, and despite the current youth employment initiatives, unemployment among young people still remained higher than the national average.Research limitations/implicationsThe study provides relevant information on how development policies and programmes affect youth unemployment rate over time. In as much as it is not the interest of the study, the study stops short of empirical estimation to determine the level of GDP growth rate that can reduce a particular level of youth unemployment, which is a case for further research. Nevertheless, the outcome of the study reflects the data and methodology used.Originality/valueTo the best of the knowledge of the authors, this is a first study in Ghana that has attempted to directly link development outcomes such as youth unemployment to national economic development policies, although there are studies that have analysed the policy gaps and implementation challenges. This paper, therefore, bridges the knowledge of how development policies affect youth employment opportunities, particularly for Ghana.

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Wandera, Moses. "Indigenous African Education for Socio- Economic Development." Msingi Journal 1, no. 1 (August 27, 2018): 267–316. http://dx.doi.org/10.33886/mj.v1i1.64.

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Education in Africa has been in existence since time immemorial. This study sought to examine the activities of Lantana in Benin on their specialised training, Dogon of Mali in their world view, Futo Toro of Senegal in their various trades, Poro of Sierra Leone in the training of the youth, Takensi of Ghana in their social order and the Akan of Ghana. Also examined are the activities of the Chamba and Yoruba of Nigeria in their adult centred training and forecasting of the future respectively. The Chagga of Tanzania and the Abakwayaare were also examined on their initiative plays and economic activities. The paper also studied the Ndembu of Zambia on the past analysis and the activities of the Mijikenda of Kenya among other Kenyan tribes. The study used the theoretical framework of Emile Durkheim on the social and moral order, while the design of the study was on content analysis of available information and expectations. The study recommends positive approaches in the indigenouseducation that can be adapted, mainly for Kenya in its desire to achieve Vision 2030. However, further research should be done on specific values, foods, attitudes and the rule of law, how achieve social, political and economic progress in African nations and especially how the current economic integration blocks have followed the same pattern of the communities and their values.

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Ayelazunoa, Jasper Abembia, and Lord Mawuko-Yevugahb. "Development Failures in Ghana, Development Miracles in Asia: Whither the Africa Rising?" African and Asian Studies 18, no. 1-2 (March 7, 2019): 124–52. http://dx.doi.org/10.1163/15692108-12341418.

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Abstract In the 1960s, the economic development of African countries such as Ghana was on par with Asian countries like South Korea, Singapore, and Malaysia. Fast forward to the 2000s and a totally different picture emerges: Ghana lagged far behind its Asian counterparts in most development indicators, something that exemplifies the broader case of postcolonial African states unpropitious of development. Paradoxically, a new intellectual fad has emerged in the 2000s claiming ‘Africa is rising’, potentially, to replicate the development model of the Asian tigers. This discourse is based mostly on spurts of economic growth of African countries rich in natural resources like oil and gold, a growth driven by a spike in world market prices of these commodities in the second decade of the 21st century. When the world prices of these commodities plummeted precipitously a few years later, countries like Ghana, cited as signal examples of the ‘Africa rising’ mantra, went into deep economic crises. The IMF had to bail them out. Meanwhile, despite the global economic downturn, Ghana’s Asian counterparts managed to muddle through, still far ahead of it in most indicators of development. In contrast to the Africa Rising discourses, this paper draws on the insights of critical international political economy to leverage our understanding of the contrasting development paths African states and their Asian counterparts have taken in the immediate postcolonial period; and more recently, the period following immediately after the global economic downtown. Despite its weaknesses, indeed, despite the refutation of its cruder claims, we argue that dependency theory is still rich with useful analytical insights that can unravel the African development paradox in the 21st century vis-à-vis the development miracle of the Asian tigers.

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Brown, K. A. P. "FROM OUR CORRESPONDENT Economic Aspects of Community Development in Ghana." Community Development Journal 22, no. 1 (1987): 52–55. http://dx.doi.org/10.1093/cdj/22.1.52.

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Moomen, A.-W. "Potential Contribution of Tamale International Airport to the Development of Northern Ghana." Journal of Science and Sustainable Development 5, no. 1 (June 12, 2013): 77–88. http://dx.doi.org/10.4314/jssd.v5i1.7.

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Empirical analysis of the socio-economic benefits and challenges of air transport in Ghana has not received much attention. This is in spite of the fact that policy makers and aviation operators need such analysis to implement regional development initiatives. The general objective of this study, therefore, is to examine the economic effects and challenges of air transport in Ghana, with the feasibility of the proposed development of the Tamale Airport to International status as the prime focus. Information is derived from the literature, work place counts and resource persons. Amajor finding of the study is that air transport contributes immensely to economic growth and poverty alleviation--through direct and indirect employment and through tax revenue generation (from its catalytic impact on other industries like tourism). It is argued that developing TamaleAirport must be considered as a complete business environment and a leading West African main Airport, by virtue of its strategic location. This is crucial to the growth prospects of the three regions of Northern Ghana expressed in the establishment of the Savannah Accelerated Development Authority (SADA).Keywords · Aviation · Economic growth and development · Ghana

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Yeboah, Steve Asirifi. "ECONOMIC DIPLOMACY AND NATIONAL DEVELOPMENT GHANA UNDER KUFUOR (2001-2008): ‘MAMMON’ AND GOOD NEIGHBOURLINESS." International Journal of New Economics and Social Sciences 10, no. 2 (December 31, 2019): 201–21. http://dx.doi.org/10.5604/01.3001.0013.8098.

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This study seeks to assess the extent to which President Kufuor’s adoption of economic diplomacy impacted the economic growth and development of Ghana from 2001-2008. The economic development of Ghana after inde-pendence vary from one administration to the other with military takeovers influencing and changing the course and rate of development. President Kufuor’s administration however presents a remarkable record of immense economic growth. Kufuor’s era was thus, termed as the “Golden Age of Business” following the gravity of private businesses springing up and an environment created for such initiatives to thrive on. In the final analysis, the study came to the realization that Kufuor’s administration reemphasizes the deepening economic relation Ghana developed with other partners through the implementation of economic diplomacy. The study underlined some initiatives that was embarked on and further provided some macroeconomic indicators representing the level of development during his era. The result revealed the roles of diplomats as primary avenues for the promotion of economic diplomacy and how their activities impact the economic growth of a country.

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Mah, Jai S. "Specialization in Primary Products, Industrialization and Economic Development of Ghana." Forum for Development Studies 48, no. 2 (March 29, 2021): 289–308. http://dx.doi.org/10.1080/08039410.2021.1903546.

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Nketiah-Amponsah, Edward. "Public spending and economic growth: evidence from Ghana (1970–2004)." Development Southern Africa 26, no. 3 (September 2009): 477–97. http://dx.doi.org/10.1080/03768350903086846.

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Adu-Ampong, Emmanuel Akwasi. "Tourism and national economic development planning in Ghana, 1964–2014." International Development Planning Review 40, no. 1 (January 2018): 75–95. http://dx.doi.org/10.3828/idpr.2018.2.

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Ibrahim, Muazu, and Imhotep Paul Alagidede. "Asymmetric effects of financial development on economic growth in Ghana." Journal of Sustainable Finance & Investment 10, no. 4 (December 25, 2019): 371–87. http://dx.doi.org/10.1080/20430795.2019.1706142.

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Boadu, Frederick Owusu. "Law and Economic Development: The Supply Of Precedents in Ghana." Oxford University Commonwealth Law Journal 5, no. 1 (January 2005): 1–28. http://dx.doi.org/10.1080/14729342.2005.11421448.

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Mensah, James Kwame, Justice Nyigmah Bawole, Albert Ahenkan, and Richardson Azunu. "The Policy and Practice of Local Economic Development in Ghana." Urban Forum 30, no. 2 (September 14, 2018): 205–22. http://dx.doi.org/10.1007/s12132-018-9344-5.

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Njindan Iyke, Bernard, and Nicholas M. Odhiambo. "Inflationary Thresholds, Financial Development and Economic Growth: New Evidence from Two West African Countries." Global Economy Journal 17, no. 2 (January 19, 2017): 20160042. http://dx.doi.org/10.1515/gej-2016-0042.

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This paper examines the role of inflationary threshold effects in the finance-growth relationship for Ghana and Nigeria. Ghana and Nigeria are relatively homogenous in terms of financial development, economic growth, and inflationary history and therefore provide an acceptable choice for this empirical analysis. Due to lack of data availability, the sample spans the period 1964–2011 for Ghana and 1961–2011 for Nigeria. Using appropriately specified threshold regressions, we found inflationary thresholds in both countries during the study periods. Specifically, the inflationary threshold range for Ghana is 10.73 %–29.83 %. For Nigeria, the inflationary threshold range is 10.07 %–19.25 %. By estimating the threshold regressions, we found financial development to have positive and significant effect on economic growth during low and moderate inflationary regimes; and insignificant effect on growth during high inflationary regimes, for both countries. In particular, financial development impact greatly on growth in Ghana when the rate of inflation is below a threshold of 10.73 % but dissipates when inflation rate reaches and exceeds 29.83 %. Similarly, financial development impact greatly on growth in Nigeria when the rate of inflation is below a threshold of 10.07 % but dissipates when inflation rate reaches and exceeds 19.25 %. The results imply that policymakers in these countries should take inflation into account when devising policies to promote financial development with the aim of generating economic growth. For without low or moderate inflation rates, such policies will not achieve their intended purposes.

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Rolleston, Caine, and Moses Oketch. "Educational expansion in Ghana: Economic assumptions and expectations." International Journal of Educational Development 28, no. 3 (May 2008): 320–39. http://dx.doi.org/10.1016/j.ijedudev.2007.05.006.

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Ayentimi, Desmond Tutu, John Burgess, and Kerry Brown. "HRM development in post-colonial societies." International Journal of Cross Cultural Management 18, no. 2 (April 2, 2018): 125–47. http://dx.doi.org/10.1177/1470595818765863.

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This article is based on a literature review that integrates history, institutions and culture to address the following research questions. First, how did human resource management (HRM) progress during post-colonial Ghana? Second, what factors are likely to undermine the advancement of HRM practices in Ghana? Finally, what are the implications for HRM practice and theory? This article identified several factors originating from the economic and socio-cultural system as driving forces underpinning the advancement of HRM practices in Ghana. Key issues are (i) Ghanaian cultural beliefs and assumptions; (ii) respect for social status, power and authority; (iii) the involvement of religious institutions in business activities; (iv) the dominance of small and medium scale enterprises in the local economy (informal sector); (v) education, skills development and training mismatch; and (vi) lack of HRM professionalization and regulatory body. This article argues the assimilation of history, institutions and culture connects comparative HRM practices and post-colonial studies to establish a detailed understanding of persistent colonial institutional inheritance (legacies) of HRM practices as against HRM practices that signify the effects of Ghanaian contextual distinctiveness. We conclude that the best practice is building a synergy of foreign HRM practices alien to Ghana and the culture-sensitive Ghanaian version that produces the best-fit HRM practices for Ghana.

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Dapaah-Agyemang, Joshua. "Transformation of ECOWAS as a Security Apparatus and Its Implications in Ghana's Political Orientation, 1990-2000." African and Asian Studies 2, no. 1 (2003): 3–36. http://dx.doi.org/10.1163/156920903763835652.

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AbstractThe transformation of the Economic Community of West African States (ECOWAS) from an economic integration scheme to a political security scheme and its implications in Ghana political orientation was born out of the unanticipated changes of the post-1990s sub-regional civil conflicts and especially after the end of the Cold War. This history gave Ghana an opportunity within ECOWAS' transformation from economic integration to politico-security organization. In this connection, Ghana's foreign policy took a new turn affecting the whole West African sub-region that was precipitated partly by the Liberian civil war. My principal argument is that despite Ghana's adoption of purposeful isolationism in the early 1980s, the followed trends of events of Ghana foreign policy, at least on the sub-regional level, is a reflection of internal and external factors such as the transformation of ECOWAS security apparatus due to conflicts in some member states, but not the leadership style of the government. Therefore, in order to apprehend the reason behind the dynamics of Ghana's foreign policy change and adjustment, in particular Ghana's strategies and perception of its interest in the sub-regional level, one has to consider a number of crucial factors such as the political and economic milieu in which ECOWAS is engaged, vis-à-vis Ghana's government actions.

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Ofosu-Anim, Duke O., and Seung-Hee Back. "Indigenous Community Development Practices as a Substratum in Designing Poverty Alleviation Policies for Ghana: Lessons from South Korea’s Saemaul Movement." Journal of Asian Research 4, no. 2 (March 25, 2020): p1. http://dx.doi.org/10.22158/jar.v4n2p1.

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Saemaul Movement was a community-based rural poverty alleviation policy of South Korea in the 1970s which contributed to ending poverty in rural communities. Its success can be attributed to how Koreans made use of indigenous community practices in policy design. The objective of the research was to evaluate the adaptation of Saemaul in Ghana, focusing on similarities in economic conditions and indigenous practices. The research utilised literature, interviews, and observations as the basis of methodology. The research findings revealed that the rural economic conditions in South Korea before Saemaul Movement was introduced was very similar to Ghana’s current rural economic indicators, which presents a reliable basis for comparative analysis on adaptation of Saemaul Movement in Ghana. Interviewees made a case for replicability of SM in Ghana. The results point to the existence of many similar indigenous rural community development practices which are prevalent in both case countries, and a possibility of developing poverty alleviation policies in Ghana based on existing indigenous practices as evidenced in the South Korean Saemaul Movement case. The researchers conclude that for poverty alleviation policies to work in Ghana, efforts in policy design must be based on utilising existing indigenous practices of rural communities.

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Wiium, Nora, Laura Ferrer Wreder, Bin-Bin Chen, and Radosveta Dimitrova. "Gender and Positive Youth Development." Zeitschrift für Psychologie 227, no. 2 (April 2019): 134–38. http://dx.doi.org/10.1027/2151-2604/a000365.

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Abstract. The positive youth development (PYD) perspective suggests that thriving leads to participation and contribution. All nations working to achieve the United Nations’ Sustainable Development Goals (SDGs), including Ghana, face challenges in their efforts to ensure that all youth have equal opportunities to thrive. The study design was cross-sectional and participants were 858 Ghanaian adolescents attending senior high school (44% girls). We explored thriving indicators as reflected by the 5Cs of PYD (i.e., confidence, competence, connection, character, and caring) in light of the adolescents’ gender and socio-economic background. Results indicated that boys scored higher on competence relative to girls and that girls scored higher on caring relative to boys. No significant differences were found for socio-economic background. Cultural norms and socialization processes that perpetuate gender inequality may be important to understanding the observed gender differences. Implications of these results are considered in light of efforts to achieve SDGs in Ghana.

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Selorme Gedzi, Victor, and Ignatius Nti-Abankoro. "Christian faith and economic development : a case study of some Christian workers in Ghana’s public sector in Kumasi." African Journal of Religion, Philosophy and Culture 1, no. 2 (December 1, 2020): 39–60. http://dx.doi.org/10.31920/2634-7644/2020/1n2a3.

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This study assessed Christian faith in relation to economic development of Ghana using some Christian Workers in Ghana's public sector in Kumasi as a sampled case study. Sectors studied were the judicial service, the public education sector, the health and the police services. Christian faith used in the study referred to normative values that would inform activities of individual Christian workers in the public sector economy. Consequently, the framework of the study is obtained from New Institutional Economics that is employed for the analysis of the relationship between values and economic performance. The data came via unstructured individual and group interviews, supplemented by observation and related literature. The study has shown that apart from a few who actually translated their faith into productive lives, majority of Christians in the unit of analysis have participated one way or other in corrupt practices that to a large extent, undermined the economic development of Ghana.

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Nukpezah, Julius A. "Toward a higher order accountability in local economic development in Ghana." International Journal of Critical Accounting 11, no. 3 (2020): 1. http://dx.doi.org/10.1504/ijca.2020.10031229.

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Nukpezah, Julius A. "Toward a higher order accountability in local economic development in Ghana." International Journal of Critical Accounting 11, no. 3 (2020): 269. http://dx.doi.org/10.1504/ijca.2020.109284.

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Amoah, Audrey Smock, Imoro Braimah, and Theresa Yaba Baah-Ennumh. "Incomplete Fiscal Decentralisation: An Impediment for Local Economic Development in Ghana." Current Research Journal of Social Sciences and Humanities 4, no. 1 (June 25, 2021): 90–105. http://dx.doi.org/10.12944/crjssh.4.1.09.

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For the past three decades Ghana’s democratic decentralisation policy has sought in vein to establish a local government system capable of pursuing Local Economic Development (LED). One of the major impediments has been the insincere implementation of fiscal decentralisation for the local government to provide the enabling environment for LED. This paper employed primary and secondary data from the Wassa East District Assembly (WEDA) to assess the progress so far in Ghana’s fiscal decentralisation and its effect on LED. The paper highlights the potential benefits of LED and the incapacitation of the District Assembly by the Central government for LED financing. The paper again reveals the effects of the constraints of fiscal decentralisation on LED at the local government level and makes policy recommendations towards effective fiscal decentralisation for improvement in LED.

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Justice, Gyimah, Prekoh Seth, Nyantakyi George, Adu Sarfo Philip, and Sam Hayford Isaac. "Do Globalization and Economic Development Promote Renewable Energy Use in Ghana?" International Journal of Advanced Engineering Research and Science 8, no. 4 (2021): 109–16. http://dx.doi.org/10.22161/ijaers.84.12.

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Sena, Prince Mike, Grace Nkansa Asante, and William Gabriel Brafu-Insaidoo. "Monetary policy and economic growth in Ghana: Does financial development matter?" Cogent Economics & Finance 9, no. 1 (January 1, 2021): 1966918. http://dx.doi.org/10.1080/23322039.2021.1966918.

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ADOM, KWAME. "RECOGNIZING THE CONTRIBUTION OF FEMALE ENTREPRENEURS IN ECONOMIC DEVELOPMENT IN SUB-SAHARAN AFRICA: SOME EVIDENCE FROM GHANA." Journal of Developmental Entrepreneurship 20, no. 01 (March 2015): 1550003. http://dx.doi.org/10.1142/s108494671550003x.

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In recent decades, female entrepreneurs have been seen to contribute to the economic development of nations especially in developing countries. Until now the contribution of female entrepreneurs to economic development in sub-Saharan Africa (SSA) has been relegated to the background or ignored in development circles. Part of the reason is because female entrepreneurs mainly work in the informal economy and are necessity driven and marginalized. The main research question the study poses is 'what is the contribution of female entrepreneurs to socio-economic development in SSA?' This paper seeks to answer this by examining critically the contribution of female entrepreneurs from Ghana as a means to achieve economic development. The study employs a qualitative approach using multiple case study design. To examine female entrepreneurship, a 2014 survey involving face-to-face interviews of 60 female entrepreneurs from Accra in Ghana is analyzed. The key finding is that, although male entrepreneurs contribute significantly more to economic development than their female counterparts, there remains untapped potential for female entrepreneurs becoming key players for achieving economic development. This and other findings of the study have some implications for policy on female entrepreneurship. Therefore, there is a call to harness these potentials through policies that would promote female entrepreneurship on an equal wavelength as their male counterparts. This is the first known study of female entrepreneurship as a catalyst for economic development in Ghana.

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Agbevade, Akpeko. "Local Economic Development Strategies and Challenges: A Comparative Empirical Evidence from Ghana’s Local Governance System." Journal of Public Administration and Governance 8, no. 4 (November 12, 2018): 110. http://dx.doi.org/10.5296/jpag.v8i4.13894.

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Local level economic development has eluded Ghana since independence. This was because most policies were centralized. As a result, focus was shifted to local economic development. This article comparatively examined the local economic development strategies implemented in three of Ghana’s Metropolitan, Municipal and District Assemblies. Using the mixed method and multiple case study approaches of research, the study sampled a total of 533 respondents across the three Metropolitan, Municipal and District Assemblies and analyzed data using the Statistical Package for the Social Sciences. The study gleaned that the Metropolitan, Municipal and District Assemblies implemented similar local economic development strategies which could be categorized into contemporary local economic development and traditional local economic development approaches. Challenges such as inadequate finance, land tenure system, lack of modern equipment among others were identified. The provision of a central pool for financing local economic development, harmonization of locality development policies, de-politicization of local economic development policies, the adoption of change management strategies in Ghana’s local governance system, effective land tenure system are recommended for the success of local economic development in Ghana.

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Opare-Addo, Felix Yobo. "Political instability and tourism in Ghana (1966-1981)." African Journal of Hospitality and Tourism Management 2, no. 1 (June 26, 2020): 33–45. http://dx.doi.org/10.47963/ajthm.v2i1.145.

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In the 1960s most governments in West Africa, including Ghana which was under the leadership of Dr. Kwame Nkrumah, the first president of Ghana began to incorporate tourism into their economic development plans. The idea was to diversify the economy in order to provide infrastructural development, economic and social prosperity for populace. Unfortunately, Nkrumah’s government was toppled in 1966. In the subsequent years, Ghana experienced a period of political instability. This paper takes a critical look at the efforts of the various governments in Ghana (from 1957 to 1981) to develop tourism in terms of their policies and their roles as agents of tourism development; the creation of a conducive environment for tourism to flourish, the involvement of the private sector both foreign and local, the provision of tourism infrastructure and how political instability impacted negatively on tourism development in terms of the flow of international tourist arrivals, potential investors, tourism product development and delivery, and tourism receptive facilities.

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Koryo-Dabrah, Alice, RS Ansong, J. Setorglo, and M. Steiner-Asiedu. "Food and nutrition security situation in Ghana: Nutrition implications for national development." African Journal of Food, Agriculture, Nutrition and Development 21, no. 05 (July 6, 2021): 18005–18. http://dx.doi.org/10.18697/ajfand.100.20160.

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Achieving food and nutrition security is fundamental to the Sustainable Development Goals (SDGs) due to its strong interdependence with economic growth and development. Eradicating hunger and all forms of malnutrition (SDG 2) remain high on the global agenda and is at the forefront of high panel deliberations because poor dietary intake has long term negative consequences on individuals and economic advancement. The goal to end hunger and malnutrition can be achieved when food and nutrition insecurity is properly tackled through investment in agriculture parallel to economic and social protection programmes. In Ghana, about 1.5 million of the population are estimated to be food insecure while undernutrition, overnutrition and micronutrient deficiencies persist across the life stages. Challenges to food and nutrition security in Ghana have been identified as: poverty, climate change, rapid urbanization and population growth, gender inequalities and poor infrastructure. Poor economic growth, health, education, hygiene and environmental exploitation are implications of these challenges. Addressing these implications sets long-term foundation for the development of the nation by prioritising policies that are nutrition sensitive which directly address the complexity of malnutrition. The level of food and nutrition insecurity in Ghana can be reduced through a national commitment towards addressing the four pillars of food security coupled with programmes that bring about resilience through sustainable systems. To this end, intervention programmes have been introduced by government to reduce the poverty burden on households. These programmes are in the form of social interventions, governmental flagship projects, and research-driven agricultural interventions to improve yield that withstand the effect of climate change. This review is aimed to present the food and nutrition security situation in Ghana and emphasised the challenges that exacerbate the problem while bringing to light the nutritional implications to national development. It is hoped that the recommendations from this review will help the government in achieving food and nutrition security in Ghana.

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Adu, George, George Marbuah, and Justice Tei Mensah. "Financial development and economic growth in Ghana: Does the measure of financial development matter?" Review of Development Finance 3, no. 4 (July 2013): 192–203. http://dx.doi.org/10.1016/j.rdf.2013.11.001.

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Adu, George. "Determinants of Economic Growth in Ghana: Parametric and Nonparametric Investigations." Journal of Developing Areas 47, no. 2 (2013): 277–301. http://dx.doi.org/10.1353/jda.2013.0027.

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Asuming-Brempong, Samuel. "Policy Initiatives and Agricultural Performance in Post-independent Ghana." Journal of Social and Development Sciences 4, no. 9 (September 20, 2013): 425–34. http://dx.doi.org/10.22610/jsds.v4i9.781.

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The central role agriculture plays in the development of Ghanaâ€™s economy has been recognized by several authors, particularly because Ghanaâ€™s economy is basically agrarian. Nevertheless, the contributions agriculture can make to economic development depend on the policy environment within which agriculture thrives. Several policies, both general and specific to agriculture, which have been pursued under various governments have either promoted or mitigated against the performance of agriculture in Ghana. This paper reviews the various policies under which Ghana's agricultural sector has operated since independence, and provides a synthesis of the major existing policies and recent changes and how these have affected the agricultural sector. The analysis shows that the socialist model of the 1960s contrasted sharply with the liberalized market approach of the 1980s and 1990s, particularly under structural adjustment. These differing policy orientations have had significant effects on agricultural performance in Ghana, and the roles of agriculture at different periods. For instance, the policy effects of agricultural activities on the environment, such as the promotion of export commodities, the exploitation of timber and forest resources, mining, and indiscriminate sale and use of agro-chemicals in Ghana have been negative. On the other hand, promotion of cash and export crops through government policy incentives have improved rural incomes for farmers that cultivate such crops, and helped to reduce poverty among this group. In general, the policy effects on agriculture in Ghana have been mixed.

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Anning, Lucy, Wang Haisu, and Joshua Sunday Riti. "Government Spending and Economic Growth in Ghana: Evidence from Granger Causality Analysis." INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE AND BUSINESS ADMINISTRATION 3, no. 2 (2017): 50–58. http://dx.doi.org/10.18775/ijmsba.1849-5664-5419.2014.32.1005.

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In spite of the diverse major issues affecting the economy of Ghana over the years, the economy continues to experience a downward spiral in its economic growth. Taking into account three opining views regarding government spending and economic growth, this study sets to investigate the causal nexus fractious and economic growth in Ghana. We apply the autoregressive distributed lag (ARDL) bounds testing approach to co-integration and the vector error correction model (VECM)-Granger causality test to evaluate both long- and short-run parameters including the direction of causation with data spanning from 1980 and 2015.The empirical results show evidence of co-integration for the existence of a long-run relationship between the dependent and independent variables. The Granger causality tests, in addition, indicated causal independence between government spending and economic growth within the time framework of the study in the economy of Ghana. Government spending has a cause effect on economic growth in Ghana. However, government spending channeled into a more fractious use with the building of resilience and infrastructural development that are self-liquidating if encouraged will enhance economic activities in the short run and also propel growth in the long run in the Ghana.

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Moari, S. I., A. M. Akudugu, and J. S. Dittoh. "Determinants of Adoption of Ecosystem-Friendly Farming Practices for Sustainable Agricultural Development in Ghana." International Journal of Irrigation and Agricultural Development (IJIRAD) 1, no. 1 (January 24, 2018): 68–81. http://dx.doi.org/10.47762/2017.964x.17.

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Agriculture plays a key role in economic growth, enhancing food security, poverty reduction and rural development. Future food security and economic independence of developing countries would depend on resilient ecosystems for a sustainable agricultural development. Intensive agriculture with high inputs has resulted in rapid crop production in Ghana, accompanied by negative environmental effects. The adoption of ecosystem-friendly farming technologies, which do not destroy nature, would ensure these negative effects are addressed. However, the rate of adoption of these practices has remained low in Ghana. This paper explores the determinants of adoption of ecosystem-friendly farming practices (EFFPs) in Northern region of Ghana with a sample of 300 farmers. The results revealed that sex, age, educational level, household size, production system, credit access, previous income, market access, and expected benefits from the adoption influenced EFFPs adoption. The adoption of EFFPs should be made a precondition for farmers to gain access to desirable opportunities such as input subsidies, good pricing among others.

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Ho, Sin-Yu, and Bernard Njindan Iyke. "The Determinants of Economic Growth in Ghana: New Empirical Evidence." Global Business Review 21, no. 3 (July 2, 2018): 626–44. http://dx.doi.org/10.1177/0972150918779282.

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This article deals with an investigation into the determinants of economic growth in Ghana over the period from 1975 to 2014. In particular, we investigated the impact of physical capital, human capital, labour, government expenditure, inflation, foreign aid, foreign direct investment, financial development, globalization and debt servicing on economic performance within an augmented Solow growth model. It was found that, in the long run, both human capital and foreign aid have a positive influence on output, while labour, financial development and debt servicing have a negative impact on output. It was also found that, in the short run, government expenditure and foreign aid have a positive influence on economic growth, while labour, inflation and financial development have a negative impact on economic growth. These findings hold important policy implications for the country.

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Berry, Sara. "QUESTIONS OF OWNERSHIP: PROPRIETORSHIP AND CONTROL IN A CHANGING RURAL TERRAIN – A CASE STUDY FROM GHANA." Africa 83, no. 1 (January 22, 2013): 36–56. http://dx.doi.org/10.1017/s0001972012000708.

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ABSTRACTUsing a case study of a rural town in the Ashanti Region, this article explores transformations in enterprise, property relations and informal governance that have occurred since Ghana embarked on a period of neo-liberal economic and political restructuring in the mid-1980s. Rather than a linear move away from state-controlled markets and authoritarian rule toward privatization and democratic decentralization, Ghana has witnessed a proliferation of authorities and economic enterprises, both formal and informal, that defy clear-cut distinctions between public and private property and institutions. In the town described here, as in many other localities in Ghana, chiefs have figured prominently as both instigators and examples of transformations in economic and governing practices and institutions.

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Tangri, Roger. "The Politics of Government–Business Relations in Ghana." Journal of Modern African Studies 30, no. 1 (March 1992): 97–111. http://dx.doi.org/10.1017/s0022278x00007746.

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The emergence of a consensus that the performance of the public sector in Ghana had been poor, and that there were limits as to what it could achieve in terms of economic growth, led the Provisional National Defence Council (P.N.D.C.) to implement various policy reforms. As the Governor of the Bank of Ghana argued in 1984: ‘Given the dismal performance of the public sector, there is need for greater reliance on private investment in the Government's efforts to resuscitate the economy’. At the same time, the P.N.D.C. began to reassess the economic role of the public sector. According to a recent document prepared by the National Commission for Democracy, ‘changed national policies’ in Ghana include ‘the reduction of the state's rôle in the economic life of the nation through shifting of more responsibility to the private sector.

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Asante, Richard. "China’s Security and Economic Engagement in West Africa: Constructive or Destructive?" China Quarterly of International Strategic Studies 03, no. 04 (January 2017): 575–96. http://dx.doi.org/10.1142/s2377740017500257.

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Chinese officials tend to claim that Chinese economic and security activities in Africa are based on the principles of equality and mutual benefits (win-win), thus they are generally beneficial to the nation-building and development of African countries. Drawing on the case study of Ghana, this article argues that China’s commitment to enhancing the capacity of national security agencies, fighting against piracy, strengthening maritime security, and promoting intelligence sharing in West Africa have been, in general, constructive. However, anti-Chinese sentiments mainly triggered by the involvement of Chinese migrants in illegal gold mining activities in Ghana and other West African countries have been destructive, with serious security ramifications for not only Ghana, but also the entire region that has a history of violent conflicts closely related to extraction of natural resources.

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Journal articles on the topic 'Economic development – Ghana'

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