Ghana's adjustment experience: the paradox of reform
UNRISD, 2002 - Business & Economics - 268 pages
How did the Ghanaian state, after flirtation with structuralist theories and state intervention in the early 1960s, followed by persistent resistance to fiscal correction and a long economic slide in the 1970s and early 1980s, turn the economy around? How did it manage to implement relatively rigorous "neoliberal reforms" in the mid-1980s and early 1990s? And why, after the "economic miracle" of the 1980s, has reform increasingly run aground in recent years? As Hutchful argues, the Ghanaian adjustment strategy is deeply flawed, unsustainable and subject to recurring revisions by international financial institutions such as the World Bank or the International Monetary Fund. The Ghana case has focused many of the controversies of adjustment in Africa. As such, Hutchful's book marks a significant contribution to the literature on the role the state plays in impeding or encouraging economic and political development.
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The Social Political Dimensions of the Crisis
The Origins of the Programme
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31 December accountability Accra Africa agricultural areas Ashanti Bank of Ghana billion cedis Botchwey budget capital Civil Service civil society cocoa COCOBOD consultants countries coup crisis critical declined defence committees deficit democracy democratic divestiture domestic donors enterprises expenditure export external fiscal forces foreign funding Ghanaian groups growth ibid ideological implementation important improved increased industrial initially inputs institutions investment issues Joe Abbey Kojo Tsikata Kwesi Botchwey labour lack levels liberalization Lonmin macroeconomic team ment MFEP military million Ministry of Finance Movement National NDPC NGOs official organizations overall PAMSCAD particularly party Planning PNDC political private sector problems production programme projects public sector Rawlings reform regime responsible restructuring role rural social SOEs SSNIT stabilization strategy Structural Adjustment technocrats trade traditional Tsikata UNICEF unions University of Ghana urban women World Bank