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Published by:
IBS Case Development Center (2005)
Length:
8 pages
Data source:
Published sources

Abstract

Ghana, a nation that remained for long as one of the poorest economies of the world, had become an emerging economy in Africa by 2005. Its gross domestic product growth rate at 4%, between 1990 and 2004, has surpassed that of the other sub-Saharan nations (2%) and rest of the world (3%). Structural transformation of the economy from state controls to free market under the leadership of Jerry Rawlings, who ruled the country from 1981 to 2000 has ushered in a new economic standing. This transformation has encouraged many non-resident Ghanaians to set up their own business in the country and has thereby given a boost to the development process. The reforms were continued by the government that succeeded Rawlings, which ensured stability and continuance of pro-market economic policies. This case study offers scope for debate over the role of political establishments in entrepreneurship development and also triggers a discussion on the initiatives taken by the Ghanaian government in making the entrepreneurs a part of the economic development.

Topics

Emerging economies in Africa; Ghana's economy; Economic liberalisation in Ghana; Services sector in Ghana; State support for entrepreneurs in Ghana; Divestment of state-owned enterprises in Ghana; Multilateral Investment Guarantee Agency (MIGA); Ghana Poverty Reduction Strategy (GPRS); Ministry for Private Sector Development (MPSD)
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Other setting(s):
June 2005

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