Part I. Overview.- Chapter 1. A General Overview.- Chapter 2. Policies and Reforms: An Historical Overview.- Part II. The Wider Macroeconomy.- Chapter 3. Growth and Structure of the Economy.- Chapter 4. Achieving Macroeconomic Stability.- Part III. Sectoral Developments.- Chapter 5. Agriculture.- Chapter 6. Cocoa.- Chapter 7. Industry: A Broad Overview.- Chapter 8. Mining.- Chapter 9. Manufacturing.- Chapter 10. The Services Sector.- Part IV. Money and Banking, External Trade and Financial Flows.- Chapter 11. Banking and Finance.- Chapter 12. International Trade.- Chapter 13. External Financial Flows and Debt Relief.- Part V. Infrastructure, Environment and Governance.- Chapter 14. Transport and Communications.- Chapter 15. Energy and Water.- Chapter 16. Education and Health.- Chapter 17. The Environment.- Chapter 18. Governance.- Part VI. Poverty and Income Distribution.- Chapter 19. Poverty and Inequality.- Chapter 20. The State Role in Welfare.- Part VII. Looking Ahead.- Chapter 21.The Way Forward.

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 since independence, with a special focus on shifts in economic policy, starting with the adoption of the Economic Recovery Programme in 1983. Huq and Tribe provide systematic coverage of Ghanaian economic development since its independence, reviewing the two main modes of development that have been practiced; and offer an updated, rich data bank. By analyzing the wider macroeconomy of Ghana; its individual sectors; money, banking and trade; infrastructure and environmental policies; and Ghana’s poverty, welfare and income distribution, the authors are able to draw vital lessons from the country’s economic development. ​

“Undoubtedly, this is a comprehensive, timely and well-targeted articulation of issues relating to economic development of Ghana. The experiences, challenges and prospects of all the essential sectors and economic agents in Ghana have been discussed. As policymakers grapple with tenets of different economic growth and development agenda, political manifestos, long-term development plans and global goals, this book serves as a good reference in defining economic development pathways for Ghana.” (Professor Samuel Annim, Department of Economics, University of Cape Coast, Ghana) “Huq and Tribe give us a strong case against both market and State fundamentalism. If fully implemented, the hard-nosed heterodox development policies recommended in this book will make Africa to once again look up to Ghana as it did in 1957 for new transformation pathways. Invaluable scholarship; and a must read.” (George Kararach, Senior Economist, UN Economic Commission for Africa and African Development Bankand author of Development Policy in Africa: Mastering the Future?) “This story of Ghana, transiting from a controlled state to market based & liberal policies, provides critical insights for future policy making in Africa. It is a welcome addition to the debate about framing an optimal policy mix and the design of a ‘non-distortionary’ role of the state in stabilizing economies, delivering a diversified economic structure including developing a local entrepreneurial class; all within a context of a highly variable economic & social-political environment.” (Dr Louis Kasekende, Deputy Governor, Bank of Uganda) “This book will be welcomed by all students of development. Ghana has been an inspiration to many in its ability to recover from bad times and to work out democratic, pro-poor development strategies, and the book shows in detail how this has been done.” (Professor Paul Mosley, Department of Economics, University of Sheffield, UK; and editor of the Journal of International Development) “This revised edition is a must read volume. It provides a detailed analysis of Ghana’s economy after 50 years of independence with concise diagnosis of the country’s achievements, challenges and prospects. The volume covers broad but very interrelated topics such as Economic Policies and Reforms, the macro economy, sectoral developments, challenges and prospects, development financing, poverty and inequality. The diverse range of topics covered in this volume make it very unique and I will strongly recommend it to my graduate students.” (Professor Peter Quartey, Institute of Statistical, Social and Economic Research; and Head, Department of Economics, University of Ghana) “The authors have put together a database of Ghana’s economic statistics that is comprehensive and extensive, covering at least five decades. This allows them to compare the periods of ‘dirigiste’ and neo-liberal economic management and their performance outcomes. The disasters ofthe first are well known, but the mixed results of the second are less so. This book will be a vital tool for future researchers of Ghana’s economy.” (Professor John Toye, University of Oxford, UK)

Coherent and sequential coverage, providing a reader with a consistent and thorough analysis of the Ghanaian economic development covering more than half a century Offer readers deep insights into the two main modes of development that have been practised in Ghana – the initial phase of resource allocation which was largely determined by the government (i.e. the so called administered allocation) versus the current phase in which the neo-liberal agenda featuring a free market model of development is being promoted Uses an updated data bank, systematically presented covering the period from Ghana's independence in 1957 to the mid-2010s

GPSR Compliance The European Union's (EU) General Product Safety Regulation (GPSR) is a set of rules that requires consumer products to be safe and our obligations to ensure this. If you have any concerns about our products you can contact us on ProductSafety@springernature.com. In case Publisher is established outside the EU, the EU authorized representative is: Springer Nature Customer Service Center GmbH Europaplatz 3 69115 Heidelberg, Germany ProductSafety@springernature.com