Oil Windfalls In Ghana

Author : Jan Gottschalk,Jihad Dagher,Rafael Portillo
Publisher : International Monetary Fund
Page : 38 pages
File Size : 52,6 Mb
Release : 2010-05-01
Category : Business & Economics
ISBN : 9781455200757

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Oil Windfalls in Ghana by Jan Gottschalk,Jihad Dagher,Rafael Portillo Pdf

We use a calibrated multi-sector DSGE model to analyze the likely impact of oil windfalls on the Ghanaian economy, under alternative fiscal and monetary policy responses. We distinguish between the short-run impact, associated with demand-related pressures, and the medium run impact on competitiveness and growth. The impact on inflation and the real exchange rate could be moderate, especially if the fiscal authorities smooth oil-related spending or increase public spending’s import content. However, a policy mix that results in both a fiscal expansion and the simultaneous accumulation of the foreign currency proceeds from oil as international reserves—to offset the real appreciation—would raise demand pressures and crowd-out the private sector. In the medium term, the negative impact on competitiveness—resulting from ”Dutch Disease” effects—could be small, provided public spending increases the stock of productive public capital. These findings highlight the role of different policy responses, and their interaction, for the macroeconomic impact of oil proceeds.

Author : Nathan Andrews,Pius Siakwah
Publisher : Routledge
Page : 141 pages
File Size : 54,5 Mb
Release : 2020-11-09
Category : Business & Economics
ISBN : 9781000220858

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Oil and Development in Ghana by Nathan Andrews,Pius Siakwah Pdf

This book gives a comprehensive overview of Ghana’s hydrocarbon economy using actor network and assemblage theories to contest the methodological nationalism of mainstream accounts of the resource curse in resource-rich countries. Drawing upon recent field research focused on Ghana’s oil and gas sector and utilizing the theoretical framework of actor network theory, the authors contend that there is an assemblage of political, economic, social and environmental networks, processes, actions, actors, and structures of power that coalesce to determine the extent to which the country’s hydrocarbon resources could be regarded as a "curse" or "blessing." This framing facilitates a better understanding of the variety (and duality) of local and global forces and power structures at play in Ghana’s growing hydrocarbon industry. Giving a nuanced and multi-perspectival analysis of the factors that underlie oil-engendered development in Ghana, this book will be of interest to students and scholars of African political economy, development and the politics of resource extraction.

Author : John R. Heilbrunn
Publisher : Cambridge University Press
Page : 281 pages
File Size : 54,9 Mb
Release : 2014-04-21
Category : Business & Economics
ISBN : 9781107049819

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Oil, Democracy, and Development in Africa by John R. Heilbrunn Pdf

This book focuses on the history, key industry and policy actors, and political economic outcomes in oil-producing African states, filling a gap in the literature on resource-abundant countries by providing an optimistic assessment of circumstances in contemporary Africa.

Author : Michael Kpessa-Whyte
Publisher : Springer Nature
Page : 319 pages
File Size : 55,6 Mb
Release : 2024-07-03
Category : Electronic
ISBN : 9783031330056

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Public Policy in Ghana by Michael Kpessa-Whyte Pdf

Author : Joseph R. A. Ayee
Publisher : Springer Nature
Page : 335 pages
File Size : 43,7 Mb
Release : 2024-07-03
Category : Electronic
ISBN : 9783031569647

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Public Sector Management and Economic Governance in Ghana by Joseph R. A. Ayee Pdf

Author : Franklin Obeng-Odoom
Publisher : Routledge
Page : 252 pages
File Size : 43,8 Mb
Release : 2014-06-13
Category : Business & Economics
ISBN : 9781317682769

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Oiling the Urban Economy by Franklin Obeng-Odoom Pdf

This book presents a critical analysis of the ‘resource curse’ doctrine and a review of the international evidence on oil and urban development to examine the role of oil on property development and rights in West Africa’s new oil metropolis - Sekondi-Takoradi, Ghana. It seeks answers to the following questions: In what ways did the city come into existence? What changes to property rights are oil prospecting, explorations, and production introducing in the 21st century? How do the effects vary across different social classes and spectrums? To what extent are local and national institutions able to shape, restrain, and constrain trans-national oil-related accumulation and its effects on property in land, property in housing (residential, leisure, and commercial), and property in labour? How do these processes connect with the entire urban system in Ghana? This book shows how institutions of varying degrees of power interact to govern land, housing, and labour in the city, and analyses how efficient, sustainable, and equitable the outcomes of these interactions are. It is a comprehensive account of the tensions and contradictions in the main sectors of the urban economy, society, and environment in the booming Oil City and will be of interest to urban economists, development economists, real estate economists, Africanists and urbanists.

Author : Roblyn Simeon
Publisher : Routledge
Page : 291 pages
File Size : 40,6 Mb
Release : 2013
Category : Business & Economics
ISBN : 9780415891301

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Working in the Global Economy by Roblyn Simeon Pdf

It is clear that although the human resource management field has been drastically affected by global competition over the last twenty years, most of the research and publications in the field are geared to providing corporations with an understanding of their business environment. This book takes an entirely different approach by looking at the job and career markets from the point of view of individuals who are searching for new strategies to develop their careers in a global environment. This book offers readers the tools they need to evaluate and manage their career environment and personal career profiles, and ultimately, to have a rewarding global career.

Author : Mehmet Odekon
Publisher : SAGE Publications
Page : 2496 pages
File Size : 48,5 Mb
Release : 2015-06-15
Category : Social Science
ISBN : 9781483345710

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The SAGE Encyclopedia of World Poverty by Mehmet Odekon Pdf

The SAGE Encyclopedia of World Poverty, Second Edition addresses the persistence of poverty across the globe while updating and expanding the landmark work, Encyclopedia of World Poverty, originally published in 2006 prior to the economic calamities of 2008. For instance, while continued high rates of income inequality might be unsurprising in developing countries such as Mexico, the Organization of Economic Co-operation and Development (OECD) reported in May 2013 even countries with historically low levels of income inequality have experienced significant increases over the past decade, including Denmark, Sweden, and Germany. The U.N. and the World Bank also emphasize the persistent nature of the problem. It is not all bad news. In March 2013, the Guardian newspaper reported, “Some of the poorest people in the world are becoming significantly less poor, according to a groundbreaking academic study which has taken a new approach to measuring deprivation. The report, by Oxford University’s poverty and human development initiative, predicts that countries among the most impoverished in the world could see acute poverty eradicated within 20 years if they continue at present rates.” On the other hand, the U.N. says environmental threats from climate change could push billions more into extreme poverty in coming decades. All of these points lead to the need for a revised, updated, and expanded edition of the Encyclopedia of World Poverty. Key Features: 775 evaluated and updated and 175 entirely new entries New Reader’s Guide categories Signed articles, with cross-references Further Readings will be accompanied by pedagogical elements Updated Chronology, Resource Guide, Glossary, and thorough new Index The SAGE Encyclopedia of World Poverty, Second Edition is a dependable source for students and researchers who are researching world poverty, making it a must-have reference for all academic libraries.

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 73 pages
File Size : 54,7 Mb
Release : 2014-05-30
Category : Business & Economics
ISBN : 9781616356071

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Ghana by International Monetary Fund. African Dept. Pdf

This 2014 Article IV Consultation highlights the emergence of large fiscal and external imbalances since 2012, which has created significant challenges for Ghana. A swift return to macroeconomic stability in 2013 was thwarted by weaker external and domestic conditions. Reflecting lower gold and cocoa exports, the current account deficit exceeded 12 percent of GDP. Although recently revised estimates point to an only moderate slowdown in growth to about 7 percent, the fiscal deficit target of 9 percent of GDP was missed by about 1 percentage point. Ghana’ short-term economic outlook is subject to significant risks, and growth is projected to slow to 43⁄4 percent in 2014.

Author : Clemens Breisinger,Xinshen Diao,Shashidhara Kolavalli,Ramatu M. Al-Hassan,James Thurlow
Publisher : Intl Food Policy Res Inst
Page : 162 pages
File Size : 53,6 Mb
Release : 2011-01-01
Category : Social Science
ISBN : 9780896297883

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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.

Author : Todd Moss,Caroline Lambert,Stephanie Majerowicz
Publisher : CGD Books
Page : 190 pages
File Size : 42,5 Mb
Release : 2015-06-10
Category : Business & Economics
ISBN : 9781933286693

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Oil to Cash by Todd Moss,Caroline Lambert,Stephanie Majerowicz Pdf

Oil to Cash explores one option to help countries with new oil revenue avoid the so-called resource curse: just give the money directly to citizens. A universal, transparent, and regular cash transfer would not only provide a concrete benefit to regular people, but would also create powerful incentives for citizens to hold their government accountable. Oil to Cash details how and where this idea could work and how policymakers can learn from the experiences with cash transfers in places like Mexico, Mongolia, and Alaska.

Author : Andrew Berg,Rafael Portillo
Publisher : Oxford University Press
Page : 474 pages
File Size : 55,7 Mb
Release : 2018-04-27
Category : Business & Economics
ISBN : 9780198785811

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Monetary Policy in Sub-Saharan Africa by Andrew Berg,Rafael Portillo Pdf

Low-income countries in sub-Saharan Africa present unique monetary policy challenges, from the high share of volatile food in consumption to underdeveloped financial markets; however most academic and policy work on monetary policy is aimed at much richer countries. Can economic models and methods invented for rich countries even be adapted and applied here? How does and should monetary policy work in sub-Saharan African? Monetary Policy in Sub-Saharan Africa answers these questions and provides practical tools and policy guidance to respond to the complex challenges of this region. Most countries in sub-Saharan Africa have made great progress in stabilizing inflation over the past two decades. As they have achieved a degree of basic macroeconomic stability, policymakers are looking to avoid policy misalignments and respond appropriately to shocks in order to achieve stability and growth. Officially, they often have adopted "money targeting" frameworks, a regime that has long disappeared from almost all advanced and even emerging-market discussions. In practice, though, they are in many cases finding current regimes lacking, with opaque and sometimes inconsistent objectives, inadequate transmission of policy to the economy, and difficulties in responding to supply shocks. Monetary Policy in Sub-Saharan Africa takes a new approach by applying dynamic general equilibrium models suitably adapted to reflect key features of low-income countries for the analysis of monetary policy in sub-Saharan African countries. Using a progressive approach derived from the International Monetary Fund's extensive practice and research, Monetary Policy in Sub-Saharan Africa seeks to address what we know about the empirics of monetary transmission in low-income countries, how monetary policy can work in countries characterized by underdeveloped financial markets and opaque policy regimes, and how we can use empirical and theoretical methods largely derived in advanced countries to answer these questions. It then uses these key topics to guide policymakers as they attempt to adjust food price, terms of trade, aid shocks, and the effects of the global financial crisis.

Author : Felix Danso
Publisher : Routledge
Page : 176 pages
File Size : 52,7 Mb
Release : 2020-04-28
Category : Business & Economics
ISBN : 9781000092998

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Mineral Resource Governance and Human Development in Ghana by Felix Danso Pdf

This book investigates how mineral resources can be governed to promote people-centred development in Ghana, focusing on the three main human development variables: living standards, education and health. Ghana is endowed with abundant mineral resources. The mineral sector accounts for about 14% of total tax revenue, driven mostly by an increase in export earnings from the gold sector and the commencement of crude oil exports. However, the country has not yet been able to use its natural resources to promote human development, and the majority of the population still lives on less than $2 a day. This book argues for a paradigm shift in the discussion of mineral resources, one that looks to govern natural resources in such a way as to improve standards of living, health, education, income levels, empowerment, quality of work and threats from violence. The human-centred mineral resource governance approach developed by this book will not only be useful to Ghana, but can also be applied to other mineral-rich countries in sub-Saharan Africa. This book will be important to upper-level students and researchers of natural resource management, international development and African studies, as well as to NGOs, practitioners and policymakers who recognise the importance of linking natural resources income to human development.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 128 pages
File Size : 53,9 Mb
Release : 2011-06-10
Category : Business & Economics
ISBN : 9781455281596

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Ghana by International Monetary Fund Pdf

Ghana showed strong growth underpinned by high commodity export prices, the start of oil production, and strong non-oil activity. Executive Directors welcomed this development, and stressed that monetary policy implementation will need to remain vigilant. Directors welcomed the recent approval of an oil revenue management bill. They appreciated measures taken to address stability risks in the banking sector identified by the Financial Sector Assessment Program (FSAP) Update. They emphasized that the focus of the Extended Credit Facility (ECF)-supported program is to expand economic growth through prudent macroeconomic policies supported by structural reforms.

Author : Theophilus Acheampong,Thomas Kojo Stephens
Publisher : Springer Nature
Page : 661 pages
File Size : 52,7 Mb
Release : 2022-05-03
Category : Business & Economics
ISBN : 9783030830519

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Petroleum Resource Management in Africa by Theophilus Acheampong,Thomas Kojo Stephens Pdf

This book explores Ghana’s newfound oil wealth and how the revenues it generates can be used to produce inclusive economic growth and development. Comparisons are made with neighboring countries, including Nigeria, Angola, and Equatorial Guinea, to highlight how petroleum resources can create jobs, increase research and development skills, and generate government revenue to invest in local services and infrastructure. The impact of global developments, such as the 2014-16 oil slump and innovation within the industry, are also covered. Petroleum Resource Management in Africa to provide policy suggestions and an operational framework for other petroleum producing countries. It will be of interest to academics and policymakers interested in resource and development economics.