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Shared Growth in Ghana - Integrating Growth and Poverty Analysis in the Ghana CEM


Sponsors: Thematic Group on Poverty Impact Analysis,   Monitoring and Evaluation, & Africa PREM
 
Presenters: Zeljko Bogetic, Lead Economist (AFTP4) & Quentin Wodon, Lead Economist (AFTPM)
                                                            
When: November 1, 12:30 - 2:00pm

Ghana has accelerated its economic growth and is en route to achieve the key poverty Millennium Development Goal well ahead of schedule. In the African context, this achievement is remarkable. With average annual growth averaging over 5 percent since 2001 and 6 percent in 2005–06, and no debt overhang due to a recent debt relief, the country has strong medium-term prospects. Ghana’s accelerated growth is a result of not only high commodity prices (for cocoa especially) but also an improving economic policy environment and investment climate, rising amounts of investments, and increasingly harmonized aid. Poverty incidence fell from 51.7 percent in 1991–02 to 39.5 percent in 1998–09, and then to 28.5 percent in 2005–06. Nevertheless, inequality has grown and the pace of poverty reduction has been weaker in the northern regions, which were already poorer in the 1990s. Looking ahead, Ghana appears to be a prime candidate for scaling up financial support to accelerate growth and the achievement of MDGs. The presenters for this seminar will report on the main findings of the Ghana Country Economic Memorandum. They will also speak briefly about aspects of the CEM process and what was gained by better integrating poverty analysis with growth analysis than is typical for a CEM.

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