Ghana

Harnessing Oil Revenues in Ghana

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Ghana has recently started producing oil from the offshore Jubilee field. This paper addresses the question of how Ghana should best harness these oil revenues. This is done in two sections. In the first, it considers whether Ghana should spend or save the windfall, comparing spending rules under a range of assumptions to the permanent income (PI) benchmark. On balance we find that Ghana should bring spending further forward than is suggested under PI, to promote development.

Publication_Date: 
Fri, 2011-07-15
Author: 
Rick van der Ploeg
Radoslaw Stefanski
Samuel Wills
Download: 
application/pdf iconvan_der_ploeg_and_stefanski_final_paper.pdf [2Mb]

Sam Mensah

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First Name: 
Sam
Family Name: 
Mensah
IGC Hub: 
None
Affiliation: 
Resident Country Director, IGC-Ghana

Nii Sowa

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First Name: 
Nii
Family Name: 
Sowa
IGC Hub: 
None
Affiliation: 
Country Director, IGC-Ghana

Reflections from the IGC Growth Week 2011 – “Attaining Middle Income Status”

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Drawing connections between the Zambia, Ghana and Tanzania sessions at Growth Week 2011: "Zambia, Ghana and the countries that follow in their wake such as Tanzania should work relentlessly at diversifying their economies to achieve export diversification and sophistication thereby cushioning their economies from the vagaries of commodity prices".

Authored by Herryman Moono and Felix Mwenge, IGC Zambia In-Country Economists, with input from Dr. Pamela Kabaso, Research Fellow-ZIPAR.

PDF Download: 
application/pdf iconattaining_middle-income_status.pdf [96Kb]

Robert Darko Osei

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First Name: 
Robert
Family Name: 
Darko Osei
Affiliation: 
State capabilities

Thomas Walker

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First Name: 
Thomas
Family Name: 
Walker
Affiliation: 
State capabilities

Christopher Barrett

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First Name: 
Christopher Barrett
Family Name: 
Christopher Barrett
Affiliation: 
State capabilities

Michael Kremer

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First Name: 
Michael
Family Name: 
Kremer
Affiliation: 
Human capital

Douglas Gollin

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First Name: 
Douglas
Family Name: 
Gollin

Doug Gollin is Professor of Economics at Williams College in Massachusetts and for 2008-09 will be Visiting Professor of Economics at the Yale School of Forestry and Environmental Studies. His research focuses on economic growth and development, with particular interests in agriculture. Much of his theoretical research uses dynamic general equilibrium models to explore the large-scale economic impacts of development interventions such as improved agricultural technologies, investments in rural infrastructure, or disease eradication.

Email: 
douglas.gollin@williams.edu
Affiliation: 
Williams College
URL: 
http://lanfiles.williams.edu/~dgollin/

Zainal Aznam Yusof

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First Name: 
Zainal
Family Name: 
Aznam Yusof
IGC Hub: 
None
Affiliation: 
Council Member, National Economic Advisory Council (NEAC), Malaysia
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