The Economy of Ghana Sixty Years after Independence

Ernest Aryeetey, Vice Chancellor, University of Ghana,Ravi Kanbur, T.H. Lee Professor of World Affairs, International Professor of Applied Economics and Management, and Professor of Economics, Cornell University

Prior to his appointment as Vice Chancellor Ernest Aryeetey was a Senior Fellow and Director of the Africa Growth Initiative at the Brookings Institution. He was also Director of the Institute of Statistical, Social and Economic Research (ISSER) of University of Ghana, Legon. His research focuses on the economics of development with interest in institutions and their role in development, regional integration, economic reforms, financial systems in support of development and small enterprise development. He is well known for his work on informal finance and microfinance in Africa. He is a member of the Governing Council of United Nations University, Tokyo. He has published with leading development journals and publishers and he is a co-editor of The Oxford Companion to the Economics of Africa (OUP, 2012).


Ravi Kanbur is well known for his role in policy analysis and engagement in international development. He has served on the senior staff of the World Bank including as Chief Economist for Africa. He is also ranked in the top 0.5% of academic economists in the world. He is President-Elect of the Human Development and Capabilities Association, Past-President of the Society for the Study of Economic Inequality, Chair of the Board of UNU-WIDER, Co-Chair of the Scientific Council of the International Panel on Social Progress, member of the OECD High Level Expert Group on the Measurement of Economic Performance, and a member of the Core Group of the Commission on Global Poverty.

Part I: Overview
1. Ghana at Sixty: Learning from a Developing African Nation's Past, Ernest Aryeetey and Ravi Kanbur
2. W. Arthur Lewis and the Roots of Ghanaian Economic Policy, Ravi Kanbur
3. Property and Freedom, Franklin Obeng-Odoom
Part II: Macroeconomy and Finance
4. Economic Growth in Ghana: Trends and Structure (1960-2014), Ernest Aryeetey and Ama Pokuaa Fenny
5. Sixty Years of Fiscal Policy in Ghana: Outcomes and Lessons, Robert Darko Osei and Henry Telli
6. Monetary Policy and Inflation Management in Ghana: Inflation Targeting and Outcomes, Peter Quartey, Bernice Owusu-Brown, and Festus Ebo Turkson
7. Trade and Exchange Rate Policies since Independence and Prospects for the Future, A.D. Amarquaye Laryea and Bernadin Senadza
8. Banking and Capital Markets: The Evolution of Ghana's Financial Sector and Future Prospects, Sam Mensah
9. Oil and Ghana's Economy, Augustin Kwasi Fosu
Part III: Sectoral Perspectives
10. Flickering Decades of Agriculture and Agricultural Policy, Fred Dzanku and Christopher Udry
11. Industrial Policy in Ghana: From a Dominant State to Resource Abundance, Nkechi S. Owoo and John Page
12. Formal and Informal Enterprises as Drivers and Absorbers of Employment, William F. Steel
13. Urbanization in Ghana: Retrospect and Prospects, George Owusu and Paul W. K. Yankson
14. State of Ghana's Infrastructure and its Implications for Economic Development, Edward Nketiah-Amponsah and Patricia Woedem Aidam
15. Managing the Environment for Development, Daniel K. Twerefou and K. A. Tutu
16. Mining in Ghana: Critical Reflections on a Turbulent Past and Uncertain Future, Gavin Hilson and Abigail Hilson
Part IV: Human Development
17. Inequality and Poverty in Ghana, Andy McKay and Eric Osei-Assibey
18. Employment and Labour Market, William Baah-Boateng
19. Closing the Gender Gaps in Ghana, Abena D. Oduro and Charles G. Ackah
20. The Prospects and Challenges of a Youthful Population in Achieving Economic and Social Transformation in Ghana, Emmanuel A. Codjoe
21. Education in Ghana: Access, Quality, and Prospects for Reforms, Kwabena Gyimah-Brempong
22. Health and Healthcare in Ghana, 1957-2017, Ama de-Graft Aikins and Kwadwo Koram
23. Social Health Insurance in Ghana: The Politics, Economics and the Future, Isaac Osei-Akoto and Clement Adamba