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The Institute of Economic Affairs (IEA), Ghana, is a public policy think tank based in Accra, Ghana. It is known to be Ghana's premier public policy institute. [1] It was founded by a Ghanaian economist, Dr. Charles Mensa in 1989 at a time when the country was governed by a military regime (Ghana was governed by the Provisional National Defence ...
The base year for calculations was changed from 1993 to 2006. [2] In a paper discussing the change, development economists Morten Jerven and Magnus Ebo Duncan noted: "Upward revisions stemming from changes in outdated base years are common in developed countries such as the United States (Runkle 1998)" and also said that one contributor to the high magnitude of the upward revision was the huge ...
Competition among mobile-phone companies in Ghana is an important part of the telecommunications industry growth, Current market leader MTN with voice subscription of 23,150,485 representing 55.95% of the market is followed by Vodafone with voice subscription of 9,075,795 representing 21.93% market share, AirtelTigo voice subscription stands at ...
[46] [47] [48] Also, Ghana's GDP by 2019 was the 9th largest in Africa. [49] [50] In 2018, the president introduced the 7-year Co-ordinated Programme of Economic and Social Development Policies which is expected to create jobs for the country. According to the president, the policies are founded on "five pillars of growth and development ...
Ghana was the world's leading producer of cocoa, boasted a well-developed infrastructure to service trade, and enjoyed a relatively advanced education system. [1] At independence, President Kwame Nkrumah sought to use the apparent stability of the Ghanaian economy as a springboard for economic diversification and expansion. [ 1 ]
Endogenous growth theory holds that investment in human capital, innovation, and knowledge are significant contributors to economic growth. The theory also focuses on positive externalities and spillover effects of a knowledge-based economy which will lead to economic development. The endogenous growth theory primarily holds that the long run ...
In 2011, Ghana was the fastest growing economy in the world at 20.15% for the first half of the year and 14.4% at the end of the financial year according to the International Monetary Fund and EconomyWatch.com. [22] [23] [24] Moreover, Ghana's budget deficit was reduced to 2% of the Gross Domestic Product during his tenure compared to 14.5% of ...
In business analysis, PEST analysis (political, economic, social and technological) is a framework of external macro-environmental factors used in strategic management and market research. PEST analysis was developed in 1967 by Francis Aguilar as an environmental scanning framework for businesses to understand the external conditions and ...