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Book on Ghana's economy launched
Accra, Sept. 12, Ghanadot/GNA - Nana Juaben-Boaten Siriboe,
Chief Director of the Ministry of Finance and Economic
Planning on Friday called for establishment of more research
institutions to develop policy ideas for national
development.
Nana Siriboe said the activities of research institutions
served as guide to policy makers in initiating development
policy for a country.
Nana Siriboe, who made the call at a launch of a book on the
economy of Ghana, said the country was faced with multiple
policy changes as efforts were being made to ensure
structural development for effective economic development.
He advocated for a Growth and poverty Reduction Strategy (GPRS
iii) to replace GPRS ii as the latter drew to an end.
The book titled; The Economy of Ghana: Analytical
Perspective on Stability, Growth and Poverty was edited by
Professor Ernest Aryeetey of the Institute of Statistical
Social and Economic Research of the University of Ghana and
Professor Ravi Kanbur of the Cornell University.
The book traces the economic history of Ghana from
independence to the present and also offers the way forward
for the country's economy.
In his comment, Professor Ravi Kanbur said how to manage the
high and growing level of inequality without destabilizing
the economy was a definite challenge that Ghana needed to
deal with in the next decade.
He said while official poverty statistics had been on
decline, the inequalities had widened, meaning that economic
growth had not translated into meaningful standard of living
for the people.
GNA
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