Political Settlements, the Deals Environment and Economic Growth: The Case of Ghana

Effective States and Inclusive Development (ESID) Working Paper series, No. 53

36 Pages Posted: 27 Nov 2015

See all articles by Robert Darko Osei

Robert Darko Osei

University of Ghana - Institute of Statistical, Social and Economic Research (ISSER)

Charles Ackah

University of Ghana - Institute of Statistical, Social and Economic Research (ISSER)

George Domfe

Centre for Social Policy Studies, University of Ghana

Michael Danquah

University of Wales, Swansea

Date Written: October 2015

Abstract

The paper explores the extent to which political settlements, and consequently the deals environment, have influenced the growth and development outcomes for Ghana. This is done using a conceptual framework which tries to demonstrate how political settlements and the deals environment help explain sustained economic growth. Some of the key findings are summarised as follows. First, the paper notes that political settlements in Ghana have been largely personalised over the years, with electoral competition becoming a feature of the last two decades. Second, it notes that the product space for Ghana has remained largely unchanged over the years, reinforcing the argument that growth has not been structurally transformative. Third, it argues that the deals space in Ghana is largely a product of the nature of the political settlement and this in turn has contributed to growth without structural transformation of the economy. The paper concludes by noting that Ghana finds itself in a position where change to its deals space, in a way that promotes sustained accelerated growth, will be difficult.

Keywords: Economic growth, political settlements, deals environment, Ghana

Suggested Citation

Osei, Robert Darko and Ackah, Charles and Domfe, George and Danquah, Michael, Political Settlements, the Deals Environment and Economic Growth: The Case of Ghana (October 2015). Effective States and Inclusive Development (ESID) Working Paper series, No. 53, Available at SSRN: https://ssrn.com/abstract=2695720 or http://dx.doi.org/10.2139/ssrn.2695720

Robert Darko Osei (Contact Author)

University of Ghana - Institute of Statistical, Social and Economic Research (ISSER) ( email )

P.O BOX LG 74
Legon
Ghana

Charles Ackah

University of Ghana - Institute of Statistical, Social and Economic Research (ISSER) ( email )

P.O BOX LG 74
Legon
Ghana

George Domfe

Centre for Social Policy Studies, University of Ghana ( email )

PO Box 25
Legon, Accra LG
Ghana

Michael Danquah

University of Wales, Swansea ( email )

Singleton Park
Swansea, SA2 8PP
United Kingdom
+0044(0)1792 20 25 30 (Phone)

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