Taxation and Fiscal Reform in Ghana

Fiscal policy, Taxation, Ghana, Sub-Saharan Africa

Tax Reforms in Ghana

tax reforms, poverty, Ghana

The HIPC Initiative and Poverty Reduction in Ghana: An Assessment

Debt , Poverty reduction, Government expenditure

The Fiscal Effects of Aid in Ghana

aid, fungibility, fiscal response, impulse response

The characteristics and determinants of FDI in Ghana

Foreign Direct Investment (FDI) can be a valuable tool for development. However, not all forms of FDI are equally beneficial for the host country. The paper analyses the characteristics and determinants of FDI in a typical developing country: Ghana. Moreover, key policy areas are indicated, in order to enable Ghana both to attract more FDI and to increase the benefits from these capital inflows. The analysis combines qualitative and quantitative methods and is partly based on data retrieved from the World Bank's 2007 Enterprise Survey, and partly on our own survey of 54 multinational enterprises operating in Ghana. --Foreign Direct Investment,Multinational Enterprises,Ghana

Producción de petróleo en Ghana: consecuencias para el desarrollo de la economía

En este ARI se examina la corriente de ingresos que recibirá Ghana como consecuencia de la producción de petróleo que comenzará en 2010, así como sus consecuencias para la economía. En la primera parte del ARI se marcan las pautas del documento, examinando las tendencias de los indicadores económicos clave para Ghana desde la década de 1990 hasta ahora. Se señala que, aunque la economía ha experimentado considerables avances, sigue siendo frágil y persisten las desigualdades. En la segunda parte se examinan los ingresos previstos de la producción de petróleo y sus consecuencias para la economía. Se calcula que los ingresos que obtendrá Ghana del petróleo se situarán, como mínimo, entre 1.200 millones y 2.500 millones de dólares en el periodo comprendido entre 2010 y 2012, cuando la producción alcanzará el máximo previsto de 250.000 barriles al día. Posteriormente se afirma que esta corriente de ingresos contribuirá de forma significativa a la consolidación fiscal de Ghana, pero que, de no gestionarse correctamente, podría tener graves repercusiones para el sector real de la economía

Oil Production in Ghana: Implications for Economic Development

This ARI looks at the revenue stream likely to accrue to Ghana from oil production which is to start in 2010 and the implications for the economy. The first part of this ARI sets the tone by looking at the trends in key economic indicators for Ghana from the 1990s to date. It notes that even though the economy has made significant gains, it still remains fragile, with inequality persisting. The second part looks at the expected revenue from oil production and what the implications are for the economy. Here it estimates that oil revenues to Ghana will at a minimum be in the range of US$1.2 billion to US$2.5 billion over 2010-12 when production hits the expected maximum of 250,000 barrels per day. It goes on to argue that this income stream will significantly help fiscal consolidation in Ghana. However, it also notes that if not managed properly it could have serious repercussions for the real sector of the economy

Agricultural Decisions after Relaxing Credit and Risk Constraints

AbstractThe investment decisions of small-scale farmers in developing countries are conditioned by their financial environment. Binding credit market constraints and incomplete insurance can limit investment in activities with high expected profits. We conducted several experiments in northern Ghana in which farmers were randomly assigned to receive cash grants, grants of or opportunities to purchase rainfall index insurance, or a combination of the two. Demand for index insurance is strong, and insurance leads to significantly larger agricultural investment and riskier production choices in agriculture. The binding constraint to farmer investment is uninsured risk: when provided with insurance against the primary catastrophic risk they face, farmers are able to find resources to increase expenditure on their farms. Demand for insurance in subsequent years is strongly increasing with the farmer’s own receipt of insurance payouts, with the receipt of payouts by others in the farmer’s social network and with recent poor rain in the village. Both investment patterns and the demand for index insurance are consistent with the presence of important basis risk associated with the index insurance, imperfect trust that promised payouts will be delivered and overweighting recent events.</jats:p

Idiosyncratic shocks, risk management and welfare dynamics in rural Ghana

International Development, Risk and Uncertainty,