By Joe Amoako-Tuffour, Bartholomew Armah, Jacqueline Vanderpuye-Orgle, Felix Asante, Joseph Ayee, Abena Oduro, Osei-Akoto , William Baah-Boateng, Harry A. Sackey, Daniel K. Twerefou, Osei-Asibey
Because the inception of the HIPC Initiative, the tale of the layout and implementation of poverty relief innovations has mostly been advised in the course of the filters of improvement companions and the Bretton Woods associations. Poverty aid innovations in motion examines the efforts in Ghana to lessen poverty and begin adjustments that it believes are necessary to confirm a wealthy destiny for its voters within the twenty first century. It chronicles the achievements, pitfalls, and looming demanding situations of a central authority, its humans, and its exterior companions in fashioning out and enforcing anti-poverty and pro-growth regulations. This edited quantity, by way of a gaggle of self sufficient researchers, examines Ghana's event: what was once performed, the way it was once performed, what used to be left undone, the teachings realized, and fills the void within the improvement literature.
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Extra resources for Poverty Reduction Strategies in Action: Perspectives and Lessons from Ghana
The persistent decline in growth begun in the early 1970s and by the mid-1970s progress had stalled. With the population growing between 2-3 percent, this meant that average growth of real per capita output turned negative. 4 percent in 1981-1985. 6 percent between 1961 and 1983. The inflation effect on the poverty process is explored later. It is sufficient to note that as the average inflation rate reached double digits in the early 1970s and triple digits in 1977 and again later in 1983, the cost of living progressively worsened.
Government could provide temporary financial assistance and subsidies to help overcome the adverse shocks. Donors have often helped through aid, yet the goal of reducing the overall level of poverty proved elusive. Institutional weakening often accentuates government failure. The exodus of technical and professional personnel weakened the various technical and managerial activities in most sectors of the economy. For example, in the health and education sectors, the exodus led to the slow destruction of the institutions and processes that build capacity for national development.
39, 2(June 2002): 4-7. Easterly, W. The Elusive Quest for Growth: The Economists' Adventures and Misadventures in the Tropics, The MIT Press, 2002. Galbraith, J. K. Economics in Perspective: A Critical History. Houghton Miftlin Company. Boston. 1987 Ghana Commercial Bank. Quarterly Economic Review, VoIS(14): January-December. 1982 . 7 ( 1 4 ) : January-December. 1984. 7 January--March. 2002 Ghana Statistical Service. Ghana Living Standards Survey: Report on the Third Round (GLSS3) Accra, Ghana (March).