Publication: Ghana - Meeting the Challenge of Accelerated and Shared Growth : Country Economic Memorandum, Volume 1. Synthesis
Loading...
Date
2007-11-28
ISSN
Published
2007-11-28
Author(s)
Editor(s)
Abstract
Ghana has done increasingly well in recent years. This report has analyzed these issues in considerable depth, making it a prime reference on Ghana's growth and poverty experience and current policy challenges. The Ghana Country Economic Memorandum (CEM) report presented in these three volumes brings together detailed, relevant analyses of Ghana's growth and the Millennium Development Goals (MDGs), poverty reduction, infrastructure, agriculture, investment climate, export competitiveness, social inclusion and political economy.
Link to Data Set
Citation
“World Bank. 2007. Ghana - Meeting the Challenge of Accelerated and Shared Growth : Country Economic Memorandum, Volume 1. Synthesis. © World Bank. http://hdl.handle.net/10986/7663 License: CC BY 3.0 IGO.”
Associated URLs
Associated content
Other publications in this report series
Journal
Journal Volume
Journal Issue
Collections
Related items
Showing items related by metadata.
Publication Sustaining and Sharing Economic Growth in Tanzania(Washington, DC: World Bank, 2007)This book is designed to contribute to the government's thinking on how best to translate broad MKUKUTA (the government of Tanzania's National Strategy for Growth and Reduction of Poverty) policy objectives into practical tactics and programs well suited to Tanzania's economic priorities and to the removal of key institutional and infrastructure bottlenecks. The book aims to respond to three fundamental questions: (a) what factors explain Tanzania's recent acceleration in economic growth, (b) how well has the accelerated growth translated into reduced poverty, and (c) what needs to be done to sustain growth that is also pro-poor. This book focuses on three issues that are central to the success of Tanzania's poverty reduction efforts: What factors explain Tanzania's recent acceleration in economic growth? Has the accelerated economic growth translated into reduced poverty? What must be done to sustain economic growth that is pro-poor? The book presents evidence from the macroeconomic, sectoral, firm, and household levels that shed light on these questions. In addition, the book examines the effectiveness of measures that support the poor in efforts to accumulate human and physical capital, which would enhance their prospects of contributing to economic growth. Finally, it is important to mention that this book is a compilation of chapters written by authors from the African Development Bank (Peter Mwanakatwe), COWI Consultants (Kerstin Pfliegner), independent consultancies (Marianne Simonsen and Annabella Skof), and the World Bank (Jean-Eric Aubert, Vandana Chandra, Louise Fox, Henry Gordon, Johannes Hoogeveen, Pooja Kacker, Ying Li, Allister Moon, Philip Mpango, Ravi Ruparel, Anuja Utz, Robert J. Utz, and Michael Wong).Publication Sustaining and Sharing Economic Growth in Tanzania : Contents of CD Rom(Washington, DC : World Bank, 2007)This book is designed to contribute to the government's thinking on how best to translate broad MKUKUTA (the government of Tanzania's National Strategy for Growth and Reduction of Poverty) policy objectives into practical tactics and programs well suited to Tanzania's economic priorities and to the removal of key institutional and infrastructure bottlenecks. The book aims to respond to three fundamental questions: (a) what factors explain Tanzania's recent acceleration in economic growth, (b) how well has the accelerated growth translated into reduced poverty, and (c) what needs to be done to sustain growth that is also pro-poor. This book focuses on three issues that are central to the success of Tanzania's poverty reduction efforts: What factors explain Tanzania's recent acceleration in economic growth? Has the accelerated economic growth translated into reduced poverty? What must be done to sustain economic growth that is pro-poor? The book presents evidence from the macroeconomic, sectoral, firm, and household levels that shed light on these questions. In addition, the book examines the effectiveness of measures that support the poor in efforts to accumulate human and physical capital, which would enhance their prospects of contributing to economic growth. Finally, it is important to mention that this book is a compilation of chapters written by authors from the African Development Bank (Peter Mwanakatwe), COWI Consultants (Kerstin Pfliegner), independent consultancies (Marianne Simonsen and Annabella Skof), and the World Bank (Jean-Eric Aubert, Vandana Chandra, Louise Fox, Henry Gordon, Johannes Hoogeveen, Pooja Kacker, Ying Li, Allister Moon, Philip Mpango, Ravi Ruparel, Anuja Utz, Robert J. Utz, and Michael Wong).Publication Jamaica : Fiscal Consolidation for Growth and Poverty Reduction, A Public Expenditure Review(Washington, DC, 2005-02)This Public Expenditure Review (PER) builds on the commitments of the 2003 Country Economic Memorandum (CEM), and 2002 Country Assistance Strategy (CAS) Progress Report, being its primary objective to assess strengths and weaknesses in key areas of public expenditure, and identify policy options for fiscal sustainability. Jamaica's high debt aggravates debt sustainability and efforts to improve growth. Revenue performance is also a weak element in the country's overall fiscal framework, while the current level of public sector investment is too low to support strong sustained growth. Amidst mounting fiscal problems, the Government has been unable to spend the necessary on social sectors, and this has in turn catalyzed some innovative thinking on how to raise resources, and private sector involvement. Moreover, the effectiveness of the budget as a tool for fiscal policy has been muted by its perceived low credibility. The report suggests focusing on reconciling expenditure commitments to improve budget credibility, including direct and contingent commitments. This implies increased fiscal discipline, and improved expenditure management across all levels of government. Furthermore, the government should avoid the use of the capital budget as a de-facto contingency fund; rather, it should be a strategic development tool in the context of a live Public Sector Investment Program. Recommendations towards fiscal consolidation and a debt-reducing economic strategy, include reducing vulnerability, and the bilateral debt; increasing revenues and rationalizing Government expenditures to generate further growth; rationalizing education and health expenditures; and, improving the institutional framework for public expenditure management.Publication Yemen - Development Policy Review(Washington, DC, 2008-04)Yemen is the second poorest country in the Middle East and North Africa region, with 42 percent of its population counted as poor in 1998. GDP has stagnated at around US$530 per capita in real terms since 2002. Unemployment, estimated at 11.5 percent in 1999, is expected to have worsened as the population has climbed at 3 percent a year and the labor force has burgeoned. Extreme gender inequalities persist. Malnutrition is so severe that Yemeni children suffer the world's second worst stunting in growth. And natural resources are increasingly constrained. Two-thirds of Yemen's known oil reserves were depleted by 2003, and production has already begun to decline and will plummet by 2012 if no new reserves are discovered. Freshwater is also increasingly scarce: per capita availability in Yemen is about 2 percent of the world average and projected to diminish by a third in the next 20 years because of the expected increase in population. Compounding these economic, social, and resource problems are Yemen's policy and institutional failings, which have prompted donors to cut aid. Yemen received a meager US$13 in development assistance per capita in 2004. In 2005, the Development Assistance Committee cut International Development Association (IDA) 14 (2006-08) allocations to Yemen by nearly a third, and the U.S. government's Millennium Challenge Corporation suspended Yemen's eligibility for assistance because of its worsening corruption, regulatory quality, and fiscal policies. The main challenges to Yemen's growth are the impending rapid decline in oil revenues, the weak capacity of governance institutions, the pressures of high population growth, and the worsening scarcity of freshwater. The country has yet to come to grips with the imminent oil decline and its consequences. The Government is concerned about governance problems and is recently attempting to speed up reforms. The last two challenges-high population growth and water crisis- are long recognized by the government, but reforms have been slow.Publication Kenya - Poverty and Inequality Assessment : Executive Summary and Synthesis Report(World Bank, 2009-04-01)This assessment of poverty and inequality comes at an important juncture for Kenya. The December 2007 elections and subsequent pronouncements of the newly formed Grand Coalition have underlined the salience of these issues to ordinary Kenyans, and for policy makers. The violence in early 2008 highlighted the importance of addressing poverty and inequality as major goals in their own right, but also for instrumental reasons, as major goals in their own right, the persistent inequalities spark conflict, which is welfare reducing, and this conflict in turn will harm prospects for growth. The onset of the global credit crunch has also shown how poverty and public service delivery related vulnerabilities could be exacerbated by external shocks. Cumulatively, these factors underline the value of appropriate diagnostics about the patterns of poverty and inequality in informing public debates, strategies and actions to overcome exclusion from the benefits of growth and development in Kenya as well as designing policies to minimize the impact of the current global crisis.
Users also downloaded
Showing related downloaded files
Publication Argentina Country Climate and Development Report(World Bank, Washington, DC, 2022-11)The Argentina Country Climate and Development Report (CCDR) explores opportunities and identifies trade-offs for aligning Argentina’s growth and poverty reduction policies with its commitments on, and its ability to withstand, climate change. It assesses how the country can: reduce its vulnerability to climate shocks through targeted public and private investments and adequation of social protection. The report also shows how Argentina can seize the benefits of a global decarbonization path to sustain a more robust economic growth through further development of Argentina’s potential for renewable energy, energy efficiency actions, the lithium value chain, as well as climate-smart agriculture (and land use) options. Given Argentina’s context, this CCDR focuses on win-win policies and investments, which have large co-benefits or can contribute to raising the country’s growth while helping to adapt the economy, also considering how human capital actions can accompany a just transition.Publication Lebanon Economic Monitor, Fall 2022(Washington, DC, 2022-11)The economy continues to contract, albeit at a somewhat slower pace. Public finances improved in 2021, but only because spending collapsed faster than revenue generation. Testament to the continued atrophy of Lebanon’s economy, the Lebanese Pound continues to depreciate sharply. The sharp deterioration in the currency continues to drive surging inflation, in triple digits since July 2020, impacting the poor and vulnerable the most. An unprecedented institutional vacuum will likely further delay any agreement on crisis resolution and much needed reforms; this includes prior actions as part of the April 2022 International Monetary Fund (IMF) staff-level agreement (SLA). Divergent views among key stakeholders on how to distribute the financial losses remains the main bottleneck for reaching an agreement on a comprehensive reform agenda. Lebanon needs to urgently adopt a domestic, equitable, and comprehensive solution that is predicated on: (i) addressing upfront the balance sheet impairments, (ii) restoring liquidity, and (iii) adhering to sound global practices of bail-in solutions based on a hierarchy of creditors (starting with banks’ shareholders) that protects small depositors.Publication The Journey Ahead(Washington, DC: World Bank, 2024-10-31)The Journey Ahead: Supporting Successful Migration in Europe and Central Asia provides an in-depth analysis of international migration in Europe and Central Asia (ECA) and the implications for policy making. By identifying challenges and opportunities associated with migration in the region, it aims to inform a more nuanced, evidencebased debate on the costs and benefits of cross-border mobility. Using data-driven insights and new analysis, the report shows that migration has been an engine of prosperity and has helped address some of ECA’s demographic and socioeconomic disparities. Yet, migration’s full economic potential remains untapped. The report identifies multiple barriers keeping migration from achieving its full potential. Crucially, it argues that policies in both origin and destination countries can help maximize the development impacts of migration and effectively manage the economic, social, and political costs. Drawing from a wide range of literature, country experiences, and novel analysis, The Journey Ahead presents actionable policy options to enhance the benefits of migration for destination and origin countries and migrants themselves. Some measures can be taken unilaterally by countries, whereas others require close bilateral or regional coordination. The recommendations are tailored to different types of migration— forced displacement as well as high-skilled and low-skilled economic migration—and from the perspectives of both sending and receiving countries. This report serves as a comprehensive resource for governments, development partners, and other stakeholders throughout Europe and Central Asia, where the richness and diversity of migration experiences provide valuable insights for policy makers in other regions of the world.Publication World Development Report 2006(Washington, DC, 2005)This year’s Word Development Report (WDR), the twenty-eighth, looks at the role of equity in the development process. It defines equity in terms of two basic principles. The first is equal opportunities: that a person’s chances in life should be determined by his or her talents and efforts, rather than by pre-determined circumstances such as race, gender, social or family background. The second principle is the avoidance of extreme deprivation in outcomes, particularly in health, education and consumption levels. This principle thus includes the objective of poverty reduction. The report’s main message is that, in the long run, the pursuit of equity and the pursuit of economic prosperity are complementary. In addition to detailed chapters exploring these and related issues, the Report contains selected data from the World Development Indicators 2005‹an appendix of economic and social data for over 200 countries. This Report offers practical insights for policymakers, executives, scholars, and all those with an interest in economic development.Publication Classroom Assessment to Support Foundational Literacy(Washington, DC: World Bank, 2025-03-21)This document focuses primarily on how classroom assessment activities can measure students’ literacy skills as they progress along a learning trajectory towards reading fluently and with comprehension by the end of primary school grades. The document addresses considerations regarding the design and implementation of early grade reading classroom assessment, provides examples of assessment activities from a variety of countries and contexts, and discusses the importance of incorporating classroom assessment practices into teacher training and professional development opportunities for teachers. The structure of the document is as follows. The first section presents definitions and addresses basic questions on classroom assessment. Section 2 covers the intersection between assessment and early grade reading by discussing how learning assessment can measure early grade reading skills following the reading learning trajectory. Section 3 compares some of the most common early grade literacy assessment tools with respect to the early grade reading skills and developmental phases. Section 4 of the document addresses teacher training considerations in developing, scoring, and using early grade reading assessment. Additional issues in assessing reading skills in the classroom and using assessment results to improve teaching and learning are reviewed in section 5. Throughout the document, country cases are presented to demonstrate how assessment activities can be implemented in the classroom in different contexts.