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Accelerating growth and structural transformation: Ghana's options for reaching middle-income country status

Author

Listed:
  • Breisinger, Clemens
  • Diao, Xinshen
  • Thurlow, James
  • Yu, Bingxin
  • Kolavalli, Shashidhara

Abstract

"Ghana is an emerging success story in Africa and in a couple of years will become the first African country to achieve the first Millennium Development Goal of halving its national poverty rate. The government of Ghana has therefore extended its development vision and recently declared the goal of reaching middle-income-country (MIC) status by 2015. To analyze possible pathways and implications of achieving MIC status, this paper examines other countries' experiences on their way to becoming MICs and emphasizes the important role of growth acceleration, export diversification, and economic structural change in the transformation process. The paper further analyzes Ghana's growth options and their structural implications using a dynamic computable general equilibrium model recently developed for Ghana. The results of the model simulation suggest that Ghana's annual GDP growth rate must accelerate from the recent 5.5 percent to 7.6 percent to achieve MIC status by 2015. Unlike in other countries, agriculture in Ghana is likely to remain the mainstay of growth and export earnings, while the role of manufacturing growth in achieving MIC status may be constrained by the manufacturing sector's dependency on agricultural inputs and small size. Services may not become the prime mover of accelerated growth, but improved efficiency in trade, transport, and business services will be a key for growth acceleration in other sectors." from Author's Abstract

Suggested Citation

  • Breisinger, Clemens & Diao, Xinshen & Thurlow, James & Yu, Bingxin & Kolavalli, Shashidhara, 2008. "Accelerating growth and structural transformation: Ghana's options for reaching middle-income country status," IFPRI discussion papers 750, International Food Policy Research Institute (IFPRI).
    • Handle: RePEc:fpr:ifprid:750
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    Citations

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    Cited by:

    1. Renkow, Mitch, 2010. "Impacts of IFPRI's "priorities for pro-poor public investment" global research program:," Impact assessments 31, International Food Policy Research Institute (IFPRI).
    2. Kwamina E. Banson & Nam C. Nguyen & Ockie J. H. Bosch & Thich V. Nguyen, 2015. "A Systems Thinking Approach to Address the Complexity of Agribusiness for Sustainable Development in Africa: A Case Study in Ghana," Systems Research and Behavioral Science, Wiley Blackwell, vol. 32(6), pages 672-688, November.
    3. Diao, Xinshen, 2009. "Economywide impact of avian flu in Ghana: A dynamic CGE model analysis," IFPRI discussion papers 866, International Food Policy Research Institute (IFPRI).
    4. Kolavalli, Shashidhara & Flaherty, Kathleen & Al-Hassan, Ramatu & Baah, Kwaku Owusu, 2010. "Do Comprehensive Africa Agriculture Development Program (CAADP) Processes Make a Difference to Country Commitments to Develop Agriculture?," IFPRI discussion papers 1006, International Food Policy Research Institute (IFPRI).
    5. Ms. Louise Fox, 2015. "Are African Households Heterogeneous Agents?: Stylized Facts on Patterns of Consumption, Employment, Income and Earnings for Macroeconomic Modelers," IMF Working Papers 2015/102, International Monetary Fund.
    6. Badiane, Ousmane & Odjo, Sunday & Ulimwengu, John, 2011. "Emerging policies and partnerships under CAADP: Implications for long-term growth, food security, and poverty reduction," IFPRI discussion papers 1145, International Food Policy Research Institute (IFPRI).
    7. Akrofi, N.A. & Sarpong, D.B. & Somuah, H.A.S. & Osei-Owusu, Y., 2019. "Paying for privately installed irrigation services in Northern Ghana: The case of the smallholder Bhungroo Irrigation Technology," Agricultural Water Management, Elsevier, vol. 216(C), pages 284-293.

    More about this item

    Keywords

    Growth and development; Middle income country; Applied general equilibrium modeling;
    All these keywords.

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