Economic Transformation in Ghana: Where Will the Path Lead?

Kolavalli, S., Robinson, E. J. Z. ORCID: https://orcid.org/0000-0002-4950-0183, Diao, X., Alpureto, V., Folledo, R., Slavova, M., Ngeleza, G. and Asante, F. (2012) Economic Transformation in Ghana: Where Will the Path Lead? Journal of African Development, 14 (2). pp. 41-78.

Abstract/Summary

In the context of the Ghanaian government’s objective of structural transformation with an emphasis on manufacturing, this paper provides a case study of economic transformation in Ghana, exploring patterns of growth, sector transformation, and agglomeration. We document and examine why, despite impressive growth and poverty reduction figures, Ghana’s economy has exhibited less transformation than might be expected for a country that has recently achieved middle-income status. Ghana’s reduced share of agriculture in the economy, unlike many successfully transformed countries in Asia and Latin America, has been filled by services, while manufacturing has stagnated and even declined. Likely causes include weak transformation of the agricultural sector and therefore little development of agro-processing, the emergence of “consumption cities” and consumption-driven growth, upward pressure on the exchange rate, weak production linkages, and a poor environment for private-sector-led manufacturing.

Item Type	Article
URI	https://reading-clone.eprints-hosting.org/id/eprint/61356
Item Type	Article
Refereed	Yes
Divisions	Life Sciences > School of Agriculture, Policy and Development > Department of Agri-Food Economics & Marketing
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