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Publications (4)
Working Paper
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Oil resources are neither a curse nor a blessing. The sound management of these resources can make them beneficial or otherwise. In order to translate Ghana’s oil resources into inclusive development amid high expectations, several laws and regulations have been passed and new institutions created...
Working Paper
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The article explores the various co-ordination mechanisms between the state and the business community in Ghana, and the implications for economic growth in the country. We focus on three periods in the economic history of state–business relations: the immediate postindependence period and the...
Working Paper
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– Policy Lessons from Recent Experience
This paper investigates the macroeconomic challenges created by a surge in aid inflows. It develops an analytical framework for examining possible policy responses to increased aid, in terms of absorption and spending of aid—where the central bank controls absorption through monetary policy and the...
Working Paper
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This paper argues that the reduction of horizontal inequalities (HIs) or inequalities between culturally defined groups should inform aid policy in heterogeneous countries with severe HIs. It shows how this would change aid allocation across countries, leading to more aid to heterogeneous countries...
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