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Ghana's Economic and Agricultural Transformation by Xinshen Diao,Peter Hazell,Shashidhara Kolavalli,Danielle Resnick Pdf
Using Ghana as a case study, this work integrates economic and political analysis to explore the challenges and opportunities of Africa's growth and transformation.
Ghana's Economic and Agricultural Transformation by Peter Hazell,Shashidhara Kolavalli,Danielle Resnick Pdf
Many African countries have experienced unprecedented rates of economic growth in recent years, yet their economic transformations display features that could constrain their future growth prospects. Particularly troublesome have been patterns of urbanization without industrialization, rapid growth of low-productivity jobs in the informal economy, and a neglected agricultural sector with increased need for imported foods. Using Ghana as a case study, this book explores the challenges and opportunities of these patterns of transformation. By combining a historical and political perspective with in-depth empirical analysis of the performance of the broader economy and the agricultural sector since the economic reforms of the 1980s, the book considers viable policy options for Ghana and discusses the implications for other African countries.
Ghana's Economic and Agricultural Transformation by Xinshen Diao,P. B. R. Hazell,Shashi Kolavalli,Danielle Resnick Pdf
Using Ghana as a case study, this work integrates economic and political analysis to explore the challenges and opportunities of Africa's growth and transformation.
Accelerating Growth and Structural Transformation: Ghana's Options for Reaching Middle-Income Country Status by Clemens Breisinger, Xinshen Diao, James Thurlow, Bingxin Yu, and Shashidhara Kolavalli Pdf
A New Era of Transformation in Ghana by Clemens Breisinger,Xinshen Diao,Shashidhara Kolavalli,Ramatu M. Al-Hassan,James Thurlow Pdf
Several Sub-Saharan African nations have experienced increased economic growth and political stability in recent years compared with the stagnation and turmoil of previous decades. Ghana is one of the biggest success stories of the region; the nation has enjoyed an annual average of five percent economic growth for the past 20 years and will probably be the first Sub-Saharan African country to achieve the Millennium Development Goal of cutting poverty in half by 2015.This study examines how Ghana can build on its achievements and possibly serve as a model for other African countries. By drawing on existing literature and applying a highly disaggregated dynamic general equilibrium model to Ghana's experiences, the authors identify certain necessary factors for further economic development in the country. These requirements include continued political stability, growth in manufacturing, improved domestic services such as transportation, and agricultural development that goes beyond past reliance on cash crops such as cocoa to include major staples and livestock. This kind of broad-based growth will benefit the entire economy, thereby reducing poverty. The authors' analysis provides an economic development strategy for Ghana, and possibly other countries in the region, to policymakers, development specialists, and others concerned with Sub-Saharan Africa.
Ghana’s agrifood system structure and drivers of transformation by Pauw, Karl,Randriamamonjy, Josee,Thurlow, James,Diao, Xinshen,Ellis, Mia Pdf
Ghana experienced rapid economic growth with an annual GDP growth rate of 6.6 percent between 2009 and 2019 (GSS 2023). Restrictive COVID-19 policy measures in 2020 caused a slowdown in growth (Amewu et al. 2020), with the rate falling to just 0.5 percent in that year (World Bank 2023a). Economic growth rebounded to 5.4 percent in 2021, but this growth was fueled by excessive government borrowing to finance an ambitious public infrastructure campaign and ushered in a severe financial crisis in Ghana. By 2022, the fiscal deficit had reached almost 10 percent of GDP and the total debt-to-GDP ratio had skyrocketed to 90 percent, resulting in rampant inflation (32 percent year-on year), a doubling of interest rates (from 14 to 28 percent), and a sharp currency depreciation (40 percent) (World Bank 2023b; Naadi 2023). Economic growth slowed to 3.2 percent in 2022 and is projected to decline further to 1.6 percent in 2023 (World Bank 2023a). Although President Akuffo-Addo blamed “malevolent forces” (Financial Times 2023)—including the global commodity market shock caused by Russia’s invasion of Ukraine, which by some accounts had only a minimal effect on Ghana’s economy (Arndt et al. 2023; Diao and Thurlow 2023)—the economic situation eventually forced the government to agree to an IMF bailout of US$3 billion in 2023. This will be in force for three years.
Political Settlements and Agricultural Transformation in Africa by Martin Atela,Abdul Raufu Mustapha Pdf
This book explores the ways in which political settlements can contribute to positive changes in Africa’s agricultural and manufacturing sectors. Contemporary Africa has seen many governments, donors, and commercial private enterprises supporting innovative agricultural and agroprocessing schemes with the purpose of diversifying economies. However, many of the schemes collapse or at best fail to generate the needed jobs. Focusing on case studies in Kenya, Nigeria, and Ethiopia, this book takes an interdisciplinary approach that combines economic analysis, life histories, policy approaches methods, and political economy theory to reframe the field with new questions. The contributors offer alternative explanations for the failure of employment creation schemes in Africa and show how political settlements can bring together stakeholders to settle on win–win approaches to productive employment schemes and inclusive development. Providing new insights on the political economy of agrarian and labour relations in Africa, this book will be of interest to policy actors and development practitioners wishing to support inclusive growth in Africa, as well as to scholars of African politics and economics, public policy, and development.
The Economy of Ghana Sixty Years after Independence by Ernest Aryeetey,Ravi Kanbur Pdf
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.
Agricultural Development and Economic Transformation by John W. Mellor Pdf
This book examines the role of agriculture in the economic transformation of developing low- and middle-income countries and explores means for accelerating agricultural growth and poverty reduction. In this volume, Mellor measures by household class the employment impact of alternative agricultural growth rates and land tenure systems, and impact on cereal consumption and food security. The book provides detailed analysis of each element of agricultural modernization, emphasizing the central role of government in accelerated growth in private sector dominated agriculture. The book differs from the bulk of current conventional wisdom in its placement of the non-poor small commercial farmer at the center of growth, and explains how growth translates into poverty reduction. This new book is a follow up to Mellor’s classic, prize-winning text, The Economics of Agricultural Development. Listed as a Best Books of 2017: Economics by Financial Times.
The Agricultural Transformation by C. Peter Timmer Pdf
Research paper, agricultural development, role in economic development, structural change in the agricultural sector - theoretical aspects, decision making, agricultural production production factors, farm households, agricultural technology issues, agricultural policies for speeding up modernization, etc. Graph, references, tables.
Global Restructuring and Land Rights in Ghana by Kojo Amanor Pdf
The report highlights the long history of commodification of land and labour in Ghana, linked to speculative activities and more recently to the activities of international capital, agribusiness, international agricultural centres, and agencies of the state. It makes the case for a new land, agrarian and natural resource regime that prioritises domestic economic needs to provide security of livelihood to the generality of the people.
Transforming Agriculture in Southern Africa by Richard A. Sikora,Eugene R. Terry,Paul L.G. Vlek,Joyce Chitja Pdf
This book provides a synthesis of the key issues and challenges facing agriculture and food production in Southern Africa. Southern Africa is facing numerous challenges from diverse issues such as agricultural transformations, growing populations, urbanization and climate change. These challenges place great pressure on food security, agriculture, water availability and other natural resources, as well as impacting biodiversity. Drawing on case studies from Lesotho, Malawi, Mozambique, Namibia, South Africa, Swaziland, Tanzania, Zambia and Zimbabwe, the chapters in this book consider these challenges from an interdisciplinary perspective, covering key areas in constraints to production, the most important building blocks of good farming practices, and established and emerging technologies. This book will be a valuable support for informing new policies and processes aimed at improving food production and security and developing sustainable agriculture in Southern Africa. This informative volume will be key reading for those interested in agricultural science, African studies, rural studies, development studies and sustainability. It will also be a valuable resource for policymakers, governmental and nongovernmental organizations, and agricultural practitioners. This title has been made available as Open Access under a Creative Commons Attribution-Non Commercial-No Derivatives (CCBY-NC-ND) license and can be accessed here: https://www.taylorfrancis.com/books/e/9780429401701
