Ghana’s success story in its political transition has not been replicated in the socio-economic sphere. Ghana exhibited relatively strong growth of about 5% from the 1980’s and much more higher rates from the 2000’s. These notwithstanding, Ghana’s economy has not witnessed the desired transformation with insufficient linkages to other sectors of the economy. Agriculture is characterised by low productivity, technology and innovation. The manufacturing sector is recording negative growth rates and the services sector continue to expand.
Group photo with H.E. (Dr.) Mahamudu Bawumia, Vice President, Republic of Ghana after he officially opened our International Conference on the Political Economy of Economic Transformation, 2017.
Dr. Manfred Ohm, Head of Africa Department at FES Berlin welcoming H.E (Dr.) Mahamudu Bawumia to our International Conference on the Political Economy of Economic Transformation, 2017.
Ghana over the years has developed various policies and strategies aimed at transforming its society. These include the Ghana Shared Growth and Development Agenda (GSGDA) I & II, the Ghana Industrial Policy which was launched in 2010 and recently the ‘’One District, One Factory’’ (1D1F) initiative aimed at promoting economic development at the local level. Similarly, Ghana’s Industrial policy is aimed at promoting increased competitiveness and enhanced production with increased employment and prosperity for all Ghanaians.