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Ishmael Ackah, PhD's Blog (11)

Reflections on the contribution of petroleum revenues to the implementation of Ghana's national medium‐term development strategy

Since independence, the political and planning processes in Ghana have evolved to reflect modern development dynamics. The discovery of oil in commercial quantities was yet another opportunity to transform the country through consolidated development plans and fast track the rate of inclusive development. The recent development framework, Ghana Shared Growth and Development Agenda (GSGDA I AND II) coincided with the initial stages of oil production. This paper seeks to: (i) ascertain…

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Added by Ishmael Ackah, PhD on April 3, 2019 at 10:29 — No Comments

Oiling the wheels of sub-national development: An overview of development plan implementation in the Western region of Ghana

Ghana’s Petroleum Revenue Management Law provides for equal and balanced national development anchored

on extractive resource revenues and other strategic sources. However, the allocation and expenditure of petroleum revenues are centralized. This study applied a desk review to examine the Development Plans of three

district assemblies (Jomoro, Ellembele and Sekondi-Takoradi) around the petroleum producing area. The

findings indicate that there is general pressure on social…

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Added by Ishmael Ackah, PhD on April 3, 2019 at 10:27 — No Comments

Does bad company corrupts good character? A spatial econometric analysis of oil resource management in Africa

A widely held belief before the 1990s – referred to as the oil-blessing hypothesis – was that oil discovery and production should promote economic growth and development and lead to poverty reduction. However, the so-called ‘oil-curse’ hypothesis, postulated by Sachs and Warner in 1995, challenged this belief, thus provoking a heated debate on the theme. The oil-curse hypothesis has been traditionally tested by means of cross-sectional and panel-data models. The author goes beyond…

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Added by Ishmael Ackah, PhD on August 28, 2018 at 10:06 — No Comments

The boom, the bust, and the dynamics of oil resource management in Ghana

There is enough experience from around the world to show that translating oil discoveries through production to revenues and inclusive growth is not necessarily a linear process. Inclusive growth has been particularly difficult to achieve in many places, and Ghana has been no exception so far. Can Ghana escape a resource curse? Our view is that it can, provided that it implements fully as soon as possible, and more diligently, the regulations that it has…

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Added by Ishmael Ackah, PhD on August 28, 2018 at 9:30 — No Comments

Analysis OF Energy Efficiency Practices of SMEs in Ghana: An application of Product Generational Dematerialisation

Analysis OF Energy Efficiency Practices of SMEs in Ghana: An application of Product Generational Dematerialisation

Reducing the amount of energy used in producing a given output is a cost-effective way of tackling global warming. In addition, energy efficiency promotes energy security and saves cost. This study is structured in three parts. First, the energy efficiency practices of small and medium…

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Added by Ishmael Ackah, PhD on March 14, 2017 at 11:13 — No Comments

To Toss a Coin or Shake a Hand: An Overview of Renewable Energy Interventions and Procurement in selected African Countries

To Toss a Coin or Shake a Hand: An Overview of Renewable Energy Interventions and Procurement in selected African Countries

Open and competitive bidding process (toss a coin) promotes transparency, efficiency and cost reduction as compared to direct negotiations (shake a hand). This paper provides an overview of renewable energy interventions in Angola, Algeria, Cote Dvoire, Ghana and Nigeria. Further,…

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Added by Ishmael Ackah, PhD on March 14, 2017 at 11:09 — 1 Comment

Politics of Oil and Gas in Ghana

Insight%20on%20Africa-2016-Graham-131-41.pdf

The discovery of oil should transform economies, since oil revenues can be invested in infrastructure and the non-oil sector. Whilst oil discovery has transformed the economy of countries such as Indonesia, Norway and UK, the story is different in Sub-Saharan Africa. Available evidence in countries like Angola, Equatorial Guinea, and…

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Added by Ishmael Ackah, PhD on July 2, 2016 at 15:17 — No Comments

SACRIFICING CEREALS FOR CRUDE: HAS OIL DISCOVERY SLOWED AGRICULTURE GROWTH IN GHANA?

https://mpra.ub.uni-muenchen.de/69953/2/MPRA_paper_69953.pdf

This study applies the quadratic hill climbing model, stepwise regression, and a dynamic generalized method of moments to investigate the relationship between oil rents and agriculture growth in Ghana. Agriculture, once considered the backbone of Ghana’s economy recorded a reduction of its contribution…

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Added by Ishmael Ackah, PhD on March 15, 2016 at 19:00 — 2 Comments

Mixed Blessings in Africa. Does Oil Windfall Lead to Economic Downfall?

Mixed_Blessings_in_Africa._Does_Oil_Wind.pdf

The sustainable development of oil and gas resources requires policies, principles, and practices that support the utilization of resources in a manner that does not prevent future generations from benefiting from such resources. An overview…

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Added by Ishmael Ackah, PhD on February 13, 2016 at 12:49 — No Comments

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