Investing Mineral Wealth in Development Assets: Ghana, Liberia and Sierra Leone

30 Pages Posted: 20 Apr 2016

See all articles by Daniel Boakye

Daniel Boakye

affiliation not provided to SSRN

Sebastien Dessus

World Bank - West Bank and Gaza Resident Mission

Yusuf Foday

affiliation not provided to SSRN

Felix Oppong

World Bank

Date Written: June 1, 2012

Abstract

Promoting sustainable development calls for investing rents from exhaustible mineral resources into human, physical and social capital, so as to protect the wealth of countries and the economic opportunities of their citizens. This has been difficult in well-governed Ghana in the last decade; and might prove to be extremely challenging in post-conflict countries such as Liberia and Sierra Leone, where preference for the present is high and institutions to collect rents and convert them into effective investments weak. Thepaper reviews the countries' degrees of preparedness to confront the various challenges associated with ongoing mineral booms, and tries to identify country-specific policy areas of particular relevance and potential impact for sustainable development.

Keywords: Debt Markets, Economic Theory & Research, Public Sector Economics, Environmental Economics & Policies, Public Sector Expenditure Policy

Suggested Citation

Boakye, Daniel and Dessus, Sebastien and Foday, Yusuf and Oppong, Felix, Investing Mineral Wealth in Development Assets: Ghana, Liberia and Sierra Leone (June 1, 2012). World Bank Policy Research Working Paper No. 6089. Available at SSRN: https://ssrn.com/abstract=2084600

Daniel Boakye (Contact Author)

affiliation not provided to SSRN ( email )

No Address Available

Sebastien Dessus

World Bank - West Bank and Gaza Resident Mission ( email )

P.O. BOX 54842
Jerusalem
Israel
+972 2 236 65 49 (Phone)
+972 2 236 65 43 (Fax)

Yusuf Foday

affiliation not provided to SSRN ( email )

No Address Available

Felix Oppong

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

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