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Oil Windfalls In Ghana
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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.
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.
Book Synopsis Managing and Harnessing Volatile Oil Windfalls by : Ton Van den Bremer
Download or read book Managing and Harnessing Volatile Oil Windfalls written by Ton Van den Bremer and published by . This book was released on 2012 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil Windfalls written by Alan H. Gelb and published by Oxford University Press. This book was released on 1988 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book assesses the full impact of oil windfalls on six developing producer countries - Algeria, Ecuador, Indonesia, Nigeria, Trinidad and Tobago, and Venezuela. This is the first time that the issue has been systematically analysed and related to economics policies and underlying macroeconomic characteristics. The book adopts a broad approach, blending institutional and political aspects with quantitative analysis which includes the results of sophisticated model simulations. It presents new information on how oil discoveries have been used by producer governments, and analyses of the consequences. Finally it concludes that much of the potential benefit to producers has been dissipated, and explains why producers may actually end up worse off despite revenue gains.
Book Synopsis Are Oil Windfalls a Blessing Or a Curse? by : Alan H. Gelb
Download or read book Are Oil Windfalls a Blessing Or a Curse? written by Alan H. Gelb and published by . This book was released on 1985 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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.
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.
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.
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: Oil, Democracy, and Development in Africa presents an optimistic analysis of the continent's oil-producing states. With attention to the complex histories, the interactions of key industry actors and policy makers, and the goals of diverse groups in society, this contribution fills a gap in the literature on resource-abundant countries. John R. Heilbrunn presents a positive assessment of circumstances in contemporary African oil exporters. The book demonstrates that even those leaders who are among the least accountable use oil revenues to improve their citizens' living standards, if only a little bit. As a consequence, African oil producers are growing economically and their people are living under increasingly democratic polities. Heilbrunn thus calls for a long-overdue reassessment of the impact of hydrocarbons on developing economies.
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:
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.
Book Synopsis Global Implications of Lower Oil Prices by : Mr.Aasim M. Husain
Download or read book Global Implications of Lower Oil Prices written by Mr.Aasim M. Husain and published by International Monetary Fund. This book was released on 2015-07-14 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: The sharp drop in oil prices is one of the most important global economic developments over the past year. The SDN finds that (i) supply factors have played a somewhat larger role than demand factors in driving the oil price drop, (ii) a substantial part of the price decline is expected to persist into the medium term, although there is large uncertainty, (iii) lower oil prices will support global growth, (iv) the sharp oil price drop could still trigger financial strains, and (v) policy responses should depend on the terms-of-trade impact, fiscal and external vulnerabilities, and domestic cyclical position.
Book Synopsis Governance, Conflict, and Natural Resources in Africa by : Hany Gamil Besada
Download or read book Governance, Conflict, and Natural Resources in Africa written by Hany Gamil Besada and published by McGill-Queen's Press - MQUP. This book was released on 2021-04-22 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: A country's abundant natural resources may serve as a curse or a blessing, with the outcome often dependent on prevailing governance structures and experience managing these assets. Despite natural resource advantages, many African countries have failed to transform their enormous economic potential and wealth into tangible benefits such as sustainable socio-economic development, human security, or peace. Governance, Conflict, and Natural Resources in Africa reevaluates the role that foreign state-owned and private-sector actors play in resource-rich states – whether stable, post-conflict, or fragile – in sub-Saharan Africa. Through research and an analysis of in-depth interviews with local stakeholders in Ghana, Sierra Leone, and Ethiopia, Hany Besada explains how foreign state-owned and private-sector corporations have contributed to economic growth at both the national and local levels in different resource-rich countries. This book reveals the unique challenges and opportunities created by these investors, demonstrating that new policies in business practices and operations have the potential to generate sustainable development and positive economic transformation. Governance, Conflict, and Natural Resources in Africa puts forward a novel framework for understanding the role of private economic actors in extractive industries in Africa and sheds new light on foreign private-sector contributions to capacity building and economic development.
Download or read book The Report: Ghana 2011 written by and published by Oxford Business Group. This book was released on with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Governance of the Petroleum Sector in an Emerging Developing Economy by : Kwaku Appiah-Adu
Download or read book Governance of the Petroleum Sector in an Emerging Developing Economy written by Kwaku Appiah-Adu and published by Routledge. This book was released on 2016-04-22 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: Oil exploration in the developing world has been and continues to be a high profile and high risk activity attracting media coverage and stimulating much debate. In Governance of the Petroleum Sector in an Emerging Developing Economy, Professor Kwaku Appiah-Adu has assembled an edited volume that provides insight into critical aspects of this highly sensitive activity. Professor Appiah-Adu’s starting point is Ghana, where he has been closely involved in national policy-making. The book makes comparisons between that African country and others as diverse as Trinidad and Tobago, and Norway. The contributors, global experts in their respective fields, explore five critical themes and propose strategies for progress in each. You will find an in-depth analysis relating to: turning oil and gas wealth into sustainable and equitable development; entrenching transparency and stakeholder engagement; effective management of the oil and gas sector; and safeguarding security and the environment. Finally, country specific models and lessons, particularly for Ghana and other African oil producing nations, are offered. This book serves as reference for business practitioners, policy makers, scholars, students and anyone interested in gaining insight into the oil and gas sector, particularly as it pertains to Ghana and other African petroleum producing nations, with lessons drawn from the global arena and international best practice.
Book Synopsis Natural Resource-Based Development in Africa by : Nathan Andrews
Download or read book Natural Resource-Based Development in Africa written by Nathan Andrews and published by University of Toronto Press. This book was released on 2022-03-01 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is no question that Africa is endowed with abundant natural resources of different magnitudes. However, more than a decade of high commodity prices and new hydrocarbon discoveries across the continent has led countless international organizations, donor agencies, and non-governmental organizations to devote considerable attention to the potential of natural resource–based development. Natural Resource–Based Development in Africa places a particular emphasis on the actors that help us understand the extent to which resources could be transformed into broader developmental outcomes. Based on a wide variety of primary sources and fieldwork, including in-person interviews and participant observations, this collection contributes to both scholarly and policy discussions around the governance and economic development roles of local entrepreneurs, transnational firms, civil society groups, local communities, and government agencies in Africa’s natural resource sectors. Natural Resource–Based Development in Africa explores the impact that these actors have on regional trends such as resource nationalism and local procurement policies as well as grassroots-related issues such as poverty, livelihoods, gender equity, development, and human security.
Book Synopsis Africa: Still Rising? by : Giovanni Carbone
Download or read book Africa: Still Rising? written by Giovanni Carbone and published by Edizioni Epoké. This book was released on 2015-10-30 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: After decades of unsatisfying performances, economic growth took off in many sub-Saharan states at the beginning of the 21st century. More recently, however, the end of the commodity cycle – particularly with the oil price drop – and the rise of jihadist violence rocked the “Emerging Africa” boat. Is this the beginning of the end for sustained growth in the region? This Report investigates the economic impact of these new challenges upon Africa’s frontier markets. It shows that the positive economic trajectory of recent years is being negatively affected, particularly for oil-exporting countries. However, while more caution is needed, Africa’s growth prospects on the whole remain fairly good – at least for now. But there is an increasing need to understand the specific risks that individual countries face and the opportunities that they offer, as well as to re-assess the potential of each specific sector of economic activity. The three largest economies in the region – Nigeria, South Africa and Angola – are all under pressure. Others, including Ethiopia, Mozambique and Kenya, are still projected to achieve remarkable growth rates.
