PRESENTATION BY GROUP 16 ON THE TOPIC; “the performance of the Ghanaian economy before and after the implementation of the World Bank/IMF sponsored Structural Adjustment and Economic Recovery Programme in April 1983 .”. ECONOMY OF GHANA. ECONOMY OF GHANA GROUP 16. NAME INDEX NO.
PRESENTATION BY GROUP 16 ON THE TOPIC; “the performance of the Ghanaian economy before and after the implementation of the World Bank/IMF sponsored Structural Adjustment and Economic Recovery Programme in April 1983.”
ECONOMY OF GHANA
Danso Olivia Kumi 12BAR107
Ameyaw Stephen 12BAR133
Awuku Angel Theodora 12BAR119
Adom- Adade Gifty 12BAR109
Bedi Godson Yaw 12BAR117
Nartey Felix Tetteh 12BAR135
Offei Awuku Eugene 12BAR122
LECTURER: DR. RAYMOND DZIWORNU
What is SAP and ERP?
Why SAP and ERP?
Performance before SAP/ERP.
Performance after SAP/ERP.
Has SAP and ERP achieve its goals?
During the 1950-60, GDP grew annually by 4.1 % and agricultural output by 4.3 %. High growth in the output of the major export crop, cocoa, provided the basis for rising investment via increased foreign exchange availability. With export earnings rising at 3.2 % per annum during the nineteen-fifties, both imports and gross domestic investment grew at 8.9 % per annum during the decade. Industrial output also rose at 6.7% per annum.
To reverse the deterioration in the economy since 1970, and resume, sustain and accelerate growth, Ghana launched the ERP and SAP.
Were supported by the World Bank Group and various facilities of the IMF including the enhanced structural adjustment facility (ESAF) and other concessional assistance.
The ERP and SAP was implemented because of the following:
Performance of the Economy before and after ERP and SAP
Using this analysis, the ERP/SAP appears less successful.
The real GDP growth rate fell slightly below target, whilst inflation, domestic savings, gross fixed capital formation, broad money growth and the balance of payments, trade account, all missed their targets by a significant margin.
Only government budget deficit and the balance of payments current account and overall balance did actual outcomes surpass the target.