1991
DOI: 10.5089/9781557751829.084
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Ghana: Adjustment and Growth, 1983-91

Abstract: This paper is based on internal staff reports and research papers prepared in connection with consultations between the IMF and Ghana during 1989-91 and includes information available through June 1991. The authors would like to acknowledge the support of officials of Ghana in the preparation of the paper. They are also indebted to Evangelos A. Calamitsis and Reinold H. van Til for their valuable comments, Ian McDonald and David Driscoll for editorial advice, and Elisabeth Baker for secretarial assistance. The… Show more

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Cited by 66 publications
(31 citation statements)
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“…In recent years, several developing countries have implemented extensive reform programmes in attempts to turn their economies around (Blackburn, 1986;Euromoney, 1988Euromoney, , 1990Kapur et al, 1991;Morna, 1988;Ojo and Koehn, 1986;Steel, 1988). These programmes have all been macro-economic and fiscal in nature (Blackburn, 1986;Euromoney, 1988Euromoney, , 1990Novicki, 1987;Ojo and Koehn, 1986).…”
mentioning
confidence: 97%
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“…In recent years, several developing countries have implemented extensive reform programmes in attempts to turn their economies around (Blackburn, 1986;Euromoney, 1988Euromoney, , 1990Kapur et al, 1991;Morna, 1988;Ojo and Koehn, 1986;Steel, 1988). These programmes have all been macro-economic and fiscal in nature (Blackburn, 1986;Euromoney, 1988Euromoney, , 1990Novicki, 1987;Ojo and Koehn, 1986).…”
mentioning
confidence: 97%
“…First, they have HRM in West Africa: practices and perceptions typically been used in other research, and are widely accepted, as representatives of developing economies (e.g., Akaah, Dadzie and Riordan, 1988;Steel, 1988;Teal, 1986). For instance, Ghana's 1990 per capita gross domestic product of $400 (Kapur et al, 1991) and Nigeria's 1989 per capita gross national product of $250 (Hoffman, 1992) are characteristic of developing countries. Second, for both these countries, English is the official language for education, commerce, and trade, thus selecting them precluded the need to translate the research questionnaire.'…”
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confidence: 99%
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“…Ghana had experienced some economic gains between 1983 and 1990, leading to a reversal of the long economic deterioration that it had witnessed prior to the adoption of the SAP (Kapur et al 1991). These economic gains made Ghana a 'star pupil' of adjustment.…”
Section: T H I N K I N G a B O U T T H I N K T A N K Smentioning
confidence: 90%
“…As Kapur et al explain, private investment in Ghana, which had stabilized at about 4 per cent of GDP during 1983-1987, expanded to an estimated 9 per cent by 1990, largely because of the sizable increase in foreign direct investment in the gold mining sector (Kapur et al, 1991). This catalysed significant increases in output at the country's flagship projects in the Tarkwa and Obuasi mining localities: between 1983 and 1993, annual gold production rose from 277,000 oz to 1,261,000 oz (World Bank, 1995), propelled by a rejuvenated mineral exploration facility populated by hundreds of foreign companies.…”
Section: 'Creating' Informalitymentioning
confidence: 96%