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The HIPC Initiative and Poverty Reduction in Ghana

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  • Robert Darko Osei
  • Peter Quartey

Abstract

This paper presents a review of the current debt problem in Ghana and assesses whether debt relief under the HIPC initiative can be effectively translated into poverty reduction. The extent of the debt burden is jeopardizing Ghana's effort at poverty reduction. The evidence suggests that debt relief could have a positive effect on poverty reduction in Ghana, although the effect will be small relative to say, export growth.

Suggested Citation

  • Robert Darko Osei & Peter Quartey, 2001. "The HIPC Initiative and Poverty Reduction in Ghana," WIDER Working Paper Series DP2001-119, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:dp2001-119
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    File URL: https://www.wider.unu.edu/sites/default/files/dp2001-119.pdf
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    References listed on IDEAS

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    1. Dollar, David & Kraay, Aart, 2002. "Growth Is Good for the Poor," Journal of Economic Growth, Springer, vol. 7(3), pages 195-225, September.
    2. Robert Lensink & Oliver Morrissey, 2000. "Aid instability as a measure of uncertainty and the positive impact of aid on growth," Journal of Development Studies, Taylor & Francis Journals, vol. 36(3), pages 31-49.
    3. Ravallion, Martin, 2001. "Growth, Inequality and Poverty: Looking Beyond Averages," World Development, Elsevier, vol. 29(11), pages 1803-1815, November.
    4. Lucia Hanmer & Felix Naschold, 2000. "Attaining the International Development Targets: Will Growth Be Enough?," Development Policy Review, Overseas Development Institute, vol. 18(1), pages 11-36, March.
    5. Krugman, Paul, 1988. "Financing vs. forgiving a debt overhang," Journal of Development Economics, Elsevier, vol. 29(3), pages 253-268, November.
    6. World Bank, 2000. "World Development Indicators 2000," World Bank Publications - Books, The World Bank Group, number 13828, December.
    7. Tony Addison, 2001. "Taxation and Fiscal Reform in Ghana," WIDER Working Paper Series DP2001-97, World Institute for Development Economic Research (UNU-WIDER).
    8. Peter Hjertholm, 2001. "Debt Relief and the Rule of Thumb: Analytical History of HIPC Debt Sustainability Targets," WIDER Working Paper Series DP2001-68, World Institute for Development Economic Research (UNU-WIDER).
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    Cited by:

    1. Peter Quartey, 2005. "Innovative ways of making aid effective in Ghana: tied aid versus direct budgetary support," Journal of International Development, John Wiley & Sons, Ltd., vol. 17(8), pages 1077-1092.

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