The Economy of Ghana 50 Years of Economic Development
The book follows a first edition published in 1989, which focused on the severe economic crisis Ghana faced during the late 1970s and the early 1980s. In this second edition, the authors extend the review up to the mid-2010s, covering the entire period si
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Mozammel Huq with Michael Tribe
The Economy of Ghana
Mozammel Huq • Michael Tribe
The Economy of Ghana 50 Years of Economic Development
Mozammel Huq Department of Economics University of Strathclyde Glasgow, UK
Michael Tribe Department of Economics University of Strathclyde Glasgow, UK
ISBN 978-1-137-60242-8 ISBN 978-1-137-60243-5 (eBook) https://doi.org/10.1057/978-1-137-60243-5 Library of Congress Control Number: 2018930500 © The Editor(s) (if applicable) and The Author(s) 2018 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover illustration: Olivier Asselin / Alamy Stock Photo This Palgrave Macmillan imprint is published by the registered company Springer Nature Limited The registered company address is: The Campus, 4 Crinan Street, London, N1 9XW, United Kingdom
Preface to the Second Edition
The original edition of this book was written at a time when Ghana was passing through a severe economic crisis, and I therefore had the opportunity of focusing on that theme. Indeed, the key findings which had emerged and featured strongly in the book (and which were presented in various seminars and discussions) appeared highly critical at the time. Fortunately, these findings later became almost conventional wisdom. Ghana of the mid-2010s is a completely different country to what it was during the mid-1980s when the original volume was completed. Understandably, given the long period of some six decades that the present study now covers, and also the complete turn of events that the country has witnessed in its economic policy, this new volume is much more than the usual second edition, necessitating significant new material. From 1982 to 1984, on secondment from the David Livingstone Institute (DLI) of Strathclyde University, I was based at the Centre for Development Studies (CDS), now called the Institute for Development Stu
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