Publication: Ghana : An Analysis of Firm Productivity
Date
2006-06
ISSN
Published
2006-06
Author(s)
Teal, Francis
Habyarimana, James
Thiam, Papa
Turner, Ginger
Abstract
The focus of this study is an analysis
of firm productivity in Ghana, based on panel of firms
surveyed between 1996 and 2002, as well as other
information. The analysis focuses on identifying the drivers
of productivity and the factors behind the increasing in
formalization and the lack of expansion of firms in the
Ghanaian private sector. Based on this analysis, the
objective is to identify key hypotheses about the investment
climate, to be tested in the forthcoming investment climate
assessment for Ghana. This hypothesis testing will lead to
the identification of priority areas of the investment
climate that need to be reformed in order to achieve a
higher rate of growth in the private sector and the economy
as a whole. It will be argued in this study that more rapid
increases in income require an increase both in the rate of
investment and, of equal importance, in the returns on that
investment. A key element in meeting both those objectives
is a shift to private sector investment in export-oriented
activities. As recent data for Ghanaian growth shows the
growth rate of aggregate investment has been far higher than
that for consumption or exports.
Citation
“Teal, Francis; Habyarimana, James; Thiam, Papa; Turner, Ginger. 2006. Ghana : An Analysis of Firm Productivity. © World, Washington, DC. http://openknowledge.worldbank.org/handle/10986/12595 License: CC BY 3.0 IGO.”