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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Ghana's Mixed Structural Adjustment Results: Explaining the Poor Private Sector Response
Author:Amponsah, NicholasISNI
Year:2000
Periodical:Africa Today
Volume:47
Issue:2
Period:Spring
Pages:9-32
Language:English
Geographic term:Ghana
Subjects:private sector
economic policy
Economics and Trade
Development and Technology
Politics and Government
External link:http://muse.jhu.edu/journals/africa_today/v047/47.2amponsah.pdf
Abstract:This study explores the reasons why domestic private entrepreneurs in Ghana are not responding to Ghana's fifteen years of structural adjustment with increased investment. It demonstrates that domestic private business entrepreneurs in Ghana are wary of the volatile institutional environment, which they perceive uncertain for investment. Not only do they perceive potential threats of expropriation, they also know that they do not have much protection for their business and property because existing rules in this direction are inadequate. Above all, they believe that State authorities intervene in the business environment through the rampant abuse of discretion and bureaucratic bottlenecks. The failure of private business to respond to purported market incentives is informed by the absence of fundamental institutional preconditions that make the market work in all capitalist systems. The data for this study were obtained from a survey of domestic Ghanaian private business entrepreneurs the author conducted during the fall of 1997 and the spring of 1998. Bibliogr., notes, ref., sum.
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