Oil Windfalls In Ghana

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Oil Windfalls in Ghana

Author : Jan Gottschalk
Publisher : International Monetary Fund
ISBN 13 : 1455200751
Total Pages : 38 pages
Book Rating : 4.4/5 (552 download)

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Book Synopsis Oil Windfalls in Ghana by : Jan Gottschalk

Download or read book Oil Windfalls in Ghana written by Jan Gottschalk and published by International Monetary Fund. This book was released on 2010-05-01 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Oil and Development in Ghana

Author : Nathan Andrews
Publisher : Routledge
ISBN 13 : 1000220850
Total Pages : 141 pages
Book Rating : 4.0/5 (2 download)

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Book Synopsis Oil and Development in Ghana by : Nathan Andrews

Download or read book Oil and Development in Ghana written by Nathan Andrews and published by Routledge. This book was released on 2020-11-09 with total page 141 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Oiling the Urban Economy

Author : Franklin Obeng-Odoom
Publisher : Routledge
ISBN 13 : 1317682769
Total Pages : 252 pages
Book Rating : 4.3/5 (176 download)

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Book Synopsis Oiling the Urban Economy by : Franklin Obeng-Odoom

Download or read book Oiling the Urban Economy written by Franklin Obeng-Odoom and published by Routledge. This book was released on 2014-06-13 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Oil, Democracy, and Development in Africa

Author : John R. Heilbrunn
Publisher : Cambridge University Press
ISBN 13 : 1107049814
Total Pages : 281 pages
Book Rating : 4.1/5 (7 download)

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Book Synopsis Oil, Democracy, and Development in Africa by : John R. Heilbrunn

Download or read book Oil, Democracy, and Development in Africa written by John R. Heilbrunn and published by Cambridge University Press. This book was released on 2014-04-21 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Oil to Cash

Author : Todd Moss
Publisher : CGD Books
ISBN 13 : 1933286695
Total Pages : 190 pages
Book Rating : 4.9/5 (332 download)

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Book Synopsis Oil to Cash by : Todd Moss

Download or read book Oil to Cash written by Todd Moss and published by CGD Books. This book was released on 2015-06-10 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Public Policy in Ghana

Author : Michael Kpessa-Whyte
Publisher : Springer Nature
ISBN 13 : 3031330056
Total Pages : 319 pages
Book Rating : 4.0/5 (313 download)

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Book Synopsis Public Policy in Ghana by : Michael Kpessa-Whyte

Download or read book Public Policy in Ghana written by Michael Kpessa-Whyte and published by Springer Nature. This book was released on with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Petroleum Resource Management in Africa

Author : Theophilus Acheampong
Publisher : Springer Nature
ISBN 13 : 3030830519
Total Pages : 661 pages
Book Rating : 4.0/5 (38 download)

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Book Synopsis Petroleum Resource Management in Africa by : Theophilus Acheampong

Download or read book Petroleum Resource Management in Africa written by Theophilus Acheampong and published by Springer Nature. This book was released on 2022-05-03 with total page 661 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Public Sector Management and Economic Governance in Ghana

Author : Joseph R. A. Ayee
Publisher : Springer Nature
ISBN 13 : 3031569644
Total Pages : 335 pages
Book Rating : 4.0/5 (315 download)

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Book Synopsis Public Sector Management and Economic Governance in Ghana by : Joseph R. A. Ayee

Download or read book Public Sector Management and Economic Governance in Ghana written by Joseph R. A. Ayee and published by Springer Nature. This book was released on with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Working in the Global Economy

Author : Roblyn Simeon
Publisher : Routledge
ISBN 13 : 0415891302
Total Pages : 291 pages
Book Rating : 4.4/5 (158 download)

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Book Synopsis Working in the Global Economy by : Roblyn Simeon

Download or read book Working in the Global Economy written by Roblyn Simeon and published by Routledge. This book was released on 2013 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

In Pursuit of Jubilee

Author : George y Owusu
Publisher :
ISBN 13 : 9780997351965
Total Pages : pages
Book Rating : 4.3/5 (519 download)

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Book Synopsis In Pursuit of Jubilee by : George y Owusu

Download or read book In Pursuit of Jubilee written by George y Owusu and published by . This book was released on 2017-05 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In Pursuit of Jubilee Field is about a businessman who rose to the challenge and initiated an effort that would result in one of the largest discoveries of premium grade oil on the African continent. It was the opportunity of a lifetime. Yet, even before a drop of oil could be pumped, a firestorm would ensue when the new government of Ghana launched a criminal investigation of George Owusu, bringing the nation's fledgling oil industry to the brink of chaos and plunging his life into a nightmare. This riveting story answers many of the questions from George's point of view and captures how one man, upon whom the nation had bestowed its most coveted award, becomes a target, overnight. As often as not in life, good deeds, honesty and hard work aren't always met with joy. But integrity and fortitude always triumphs.

The SAGE Encyclopedia of World Poverty

Author : Mehmet Odekon
Publisher : SAGE Publications
ISBN 13 : 1483345718
Total Pages : 2496 pages
Book Rating : 4.4/5 (833 download)

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Book Synopsis The SAGE Encyclopedia of World Poverty by : Mehmet Odekon

Download or read book The SAGE Encyclopedia of World Poverty written by Mehmet Odekon and published by SAGE Publications. This book was released on 2015-06-15 with total page 2496 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Ghana

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
ISBN 13 : 1616356073
Total Pages : 73 pages
Book Rating : 4.6/5 (163 download)

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Book Synopsis Ghana by : International Monetary Fund. African Dept.

Download or read book Ghana written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2014-05-30 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Monetary Policy in Sub-Saharan Africa

Author : Andrew Berg
Publisher : Oxford University Press
ISBN 13 : 019878581X
Total Pages : 474 pages
Book Rating : 4.1/5 (987 download)

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Book Synopsis Monetary Policy in Sub-Saharan Africa by : Andrew Berg

Download or read book Monetary Policy in Sub-Saharan Africa written by Andrew Berg and published by Oxford University Press. This book was released on 2018-04-27 with total page 474 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Public Investment in Resource-Abundant Developing Countries

Author : Mr.Andrew Berg
Publisher : International Monetary Fund
ISBN 13 : 1475535562
Total Pages : 48 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Public Investment in Resource-Abundant Developing Countries by : Mr.Andrew Berg

Download or read book Public Investment in Resource-Abundant Developing Countries written by Mr.Andrew Berg and published by International Monetary Fund. This book was released on 2012-11-15 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Natural resource revenues provide a valuable source to finance public investment in developing countries, which frequently face borrowing constraints and tax revenue mobilization problems. This paper develops a dynamic stochastic small open economy model to analyze the macroeconomic effects of investing natural resource revenues, making explicit the role of pervasive features in these countries including public investment inefficiency, absorptive capacity constraints, Dutch disease, and financing needs to sustain capital. Revenue exhaustibility raises medium-term issues of how to sustain capital built during a windfall, while revenue volatility raises short-term concerns about macroeconomic instability. Using the model, country applications show how combining public investment with a resource fund---a sustainable investing approach---can help address the macroeconomic problems associated with both exhaustibility and volatility. The applications also demonstrate how the model can be used to determine the appropriate magnitude of the investment scaling-up (accounting for the financing needs to sustain capital) and the adequate size of a stabilization fund (buffer).

Boom, Bust, or Prosperity? Managing Sub-Saharan Africa’s Natural Resource Wealth

Author : Charlotte J. Lundgren
Publisher : International Monetary Fund
ISBN 13 : 1484369327
Total Pages : 85 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Boom, Bust, or Prosperity? Managing Sub-Saharan Africa’s Natural Resource Wealth by : Charlotte J. Lundgren

Download or read book Boom, Bust, or Prosperity? Managing Sub-Saharan Africa’s Natural Resource Wealth written by Charlotte J. Lundgren and published by International Monetary Fund. This book was released on 2013-08-27 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sizeable natural resource endowments and potentially large financial inflows from their extraction provide an unparalleled opportunity for economic growth and development in a growing number of sub-Saharan African countries. Empirical evidence suggests, however, that translating this resource wealth into stronger economic performance and a higher standard of living has proven challenging. Much has been written about the resource curse. This publication focuses on solutions to the challenges and outlines the main policy considerations and options in managing natural resource wealth, drawing on experience within and outside sub-Saharan Africa and referring closely to the latest analysis and policy advice in this area by the IMF, the World Bank, and leading academic research. A key feature of each chapter is a recommended reading list for those who wish additional, more in-depth material on these issues to further inform policymakers and other stakeholders on the theoretical and analytical underpinnings of the policy advice.

A New Era of Transformation in Ghana

Author : Clemens Breisinger
Publisher : Intl Food Policy Res Inst
ISBN 13 : 0896297888
Total Pages : 162 pages
Book Rating : 4.8/5 (962 download)

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Book Synopsis A New Era of Transformation in Ghana by : Clemens Breisinger

Download or read book A New Era of Transformation in Ghana written by Clemens Breisinger and published by Intl Food Policy Res Inst. This book was released on 2011-01-01 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Poverty Reduction Strategies in Action

Author : Amoako-tuffour
Publisher : Lexington Books
ISBN 13 : 073913003X
Total Pages : 369 pages
Book Rating : 4.7/5 (391 download)

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Book Synopsis Poverty Reduction Strategies in Action by : Amoako-tuffour

Download or read book Poverty Reduction Strategies in Action written by Amoako-tuffour and published by Lexington Books. This book was released on 2007-12-24 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the inception of the HIPC Initiative, the story of the design and implementation of poverty alleviation strategies has largely been told through the filters of development partners and the Bretton Woods Institutions. Poverty Reduction Strategies in Action examines the efforts in Ghana to reduce poverty and initiate changes that it believes are essential to ensure a prosperous future for its citizens in the 21st century. It chronicles the achievements, pitfalls, and looming challenges of a government, its people, and its external partners in fashioning out and implementing anti-poverty and pro-growth policies. This edited volume, by a group of independent researchers, examines Ghana's experience: what was done, how it was done, what was left undone, the lessons learned, and fills the void in the development literature.