The Economy of Ghana: 50 Years of Economic Development

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The book follows a first edition published in 1989, which focused on the severe economic crisis Ghana faced during the late 1970s and the early 1980s. In this second edition, the authors extend the review up to the mid-2010s, covering the entire period since independence, with a special focus on shifts in economic policy, starting with the adoption of the Economic Recovery Programme in 1983. Huq and Tribe provide systematic coverage of Ghanaian economic development since its independence, reviewing the two main modes of development that have been practiced; and offer an updated, rich data bank. By analyzing the wider macroeconomy of Ghana; its individual sectors; money, banking and trade; infrastructure and environmental policies; and Ghana’s poverty, welfare and income distribution, the authors are able to draw vital lessons from the country’s economic development. ​

Author(s): Mozammel Huq, Michael Tribe
Edition: 1st ed.
Publisher: Palgrave Macmillan UK
Year: 2018

Language: English
Pages: XXXVIII, 542
Tags: Economics; African Economics; African Politics; Development Economics; International Political Economy; Macroeconomics/Monetary Economics//Financial Economics

Front Matter ....Pages i-xxxviii
Front Matter ....Pages 1-1
A General Overview (Mozammel Huq, Michael Tribe)....Pages 3-10
Policies and Reforms: A Historical Overview (Mozammel Huq, Michael Tribe)....Pages 11-23
Front Matter ....Pages 25-25
Growth and Structure of the Economy (Mozammel Huq, Michael Tribe)....Pages 27-49
Achieving Macroeconomic Stability (Mozammel Huq, Michael Tribe)....Pages 51-79
Front Matter ....Pages 81-81
Agriculture (Mozammel Huq, Michael Tribe)....Pages 83-107
Cocoa (Mozammel Huq, Michael Tribe)....Pages 109-120
Industry: A Broad Overview (Mozammel Huq, Michael Tribe)....Pages 121-131
Mining (Mozammel Huq, Michael Tribe)....Pages 133-146
Manufacturing (Mozammel Huq, Michael Tribe)....Pages 147-176
The Services Sector (Mozammel Huq, Michael Tribe)....Pages 177-185
Front Matter ....Pages 187-187
Banking and Finance (Mozammel Huq, Michael Tribe)....Pages 189-219
International Trade (Mozammel Huq, Michael Tribe)....Pages 221-263
External Financial Flows and Debt Relief (Mozammel Huq, Michael Tribe)....Pages 265-276
Front Matter ....Pages 277-277
Transport and Communications (Mozammel Huq, Michael Tribe)....Pages 279-292
Energy and Water (Mozammel Huq, Michael Tribe)....Pages 293-319
Education and Health (Mozammel Huq, Michael Tribe)....Pages 321-332
The Environment (Mozammel Huq, Michael Tribe)....Pages 333-353
Governance (Mozammel Huq, Michael Tribe)....Pages 355-378
Front Matter ....Pages 379-379
Poverty and Inequality (Mozammel Huq, Michael Tribe)....Pages 381-391
State Role in Welfare (Mozammel Huq, Michael Tribe)....Pages 393-406
Front Matter ....Pages 407-407
The Way Forward (Mozammel Huq, Michael Tribe)....Pages 409-416
Back Matter ....Pages 417-542