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The Effects of Foreign Aid on Ghana's Economic Development

Author : Bangura Samuel
Publisher : GRIN Verlag
Page : 16 pages
File Size : 35,79 MB
Release : 2024-03-20
Category : Business & Economics
ISBN : 3389000763

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Seminar paper from the year 2024 in the subject Sociology - Economy and Industry, grade: Level 600, University of Ghana, Legon (School of Social Science), course: Sociology, language: English, abstract: This term paper examines the impact of foreign aid on Ghana's economic development, exploring both positive and negative aspects of aid inflows. Ghana, like many other developing nations, has been a recipient of foreign aid aimed at fostering economic growth, poverty reduction, and sustainable development. The paper analyses the historical context of foreign aid to Ghana, evaluates the effectiveness of aid programs, and considers the potential challenges associated with aid dependency. By synthesizing existing literature and empirical evidence, this study aims to provide a comprehensive understanding of the nuanced relationship between foreign aid and economic development in Ghana.

Assessing Aid

Author :
Publisher : World Bank Publications
Page : 164 pages
File Size : 24,37 MB
Release : 1998
Category : Political Science
ISBN : 9780195211238

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Assessing Aid determines that the effectiveness of aid is not decided by the amount received but rather the institutional and policy environment into which it is accepted. It examines how development assistance can be more effective at reducing global poverty and gives five mainrecommendations for making aid more effective: targeting financial aid to poor countries with good policies and strong economic management; providing policy-based aid to demonstrated reformers; using simpler instruments to transfer resources to countries with sound management; focusing projects oncreating and transmitting knowledge and capacity; and rethinking the internal incentives of aid agencies.

Dead Aid

Author : Dambisa Moyo
Publisher : Macmillan
Page : 209 pages
File Size : 33,55 MB
Release : 2009-03-17
Category : Business & Economics
ISBN : 0374139563

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Debunking the current model of international aid promoted by both Hollywood celebrities and policy makers, Moyo offers a bold new road map for financing development of the world's poorest countries.

Economic Recovery in the Gambia

Author : Malcolm F. McPherson
Publisher : Harvard Kennedy School
Page : 408 pages
File Size : 19,74 MB
Release : 1995
Category : Business & Economics
ISBN :

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This volume examines a wide range of policy and institutional changes that were part of the reform program, including exchange rates, taxation, foreign debt, agriculture, state-owned enterprises, and customs inspection. In each case, the authors review the problems that the government faced, the steps taken to address these problems, and the success or failure of the reform initiatives.

The Impact of Trade on the Economic Growth of The Gambia

Author : Ebrima K. Ceesay
Publisher :
Page : 40 pages
File Size : 38,3 MB
Release : 2018-03-21
Category :
ISBN : 9783668649453

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Research Paper (undergraduate) from the year 2017 in the subject Business economics - Trade and Distribution, grade: 76.0, University of The Gambia (University of the Gambia), course: Economics, language: English, abstract: The study examined the general impact of trade on economic growth in the Gambia from 1965 to 2016. Accordingly we have done three analyses in order to get appropriate answers to our research problems. We performed some econometric methods such as Augmented Dickey Fuller test, Johansen co-integration test and vector error correction model. The findings of the stationery test shows the present of unit root. The OLS regression results shows that import, interest rate, real effective exchange rate, and inflation are positively correlated with GDP, while export is negatively correlated with GDP. The result shows that GDP lag, import, and real effective exchange rate can not influence economic growth while export, interest rate, and inflation can highly influence economic growth of the Gambia, even though export negatively influence economic of the Gambia. This positive relationship suggests that the economy of the Gambia can potentially be expanded by means of trade, while the negative relationship means that it has no bearing on the economic growth of the Gambia, From the overall analysis, it is revealed that the variables included in the model have a 50% influence on economic growth while the remaining 50% constitute variables not included in the model. This implies that (a) Trade has an impact on economic growth of the Gambia. (b) Trade is a robust determinant of economic growth in the Gambia even though that there is still room for research on the impact of trade on economic growth in the Gambia. (c) The effect of trade and extent of the market on growth is a recurring issue in the world of economics. This study recommends that if the Gambia economic growth is to be increased, then policymakers should came up with strategies that encourage mor