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Political Economy of the Mining Sector in Ghana / Joseph Ayee
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Ayee, Joseph
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Economic Development.
- Environmental Economics & Policies.
- Governance Indicators.
- Industry.
- Mining & Extractive Industry (Non-Energy).
- Mining Sector.
- National Governance.
- Political Economy.
- Political Environment.
- Political Patronage.
- Public Sector Corruption & Anticorruption Measures.
- Public Sector Development.
- Local Subjects:
- Economic Development.
- Environmental Economics & Policies.
- Governance Indicators.
- Industry.
- Mining & Extractive Industry (Non-Energy).
- Mining Sector.
- National Governance.
- Political Economy.
- Political Environment.
- Political Patronage.
- Public Sector Corruption & Anticorruption Measures.
- Public Sector Development.
- Physical Description:
- 1 online resource (52 pages)
- Place of Publication:
- Washington, D.C., The World Bank, 2011
- System Details:
- data file
- Summary:
- With a focus on the institutional set-up and the political environment as central to understanding and rectifying the poor impact of mining on Ghana's economic development, this paper highlights the vulnerabilities in mining sector governance along the industry value chain. The authors explain why it has been difficult to implement policies that would have improved social welfare. They find that incentive problems in institutions directly or peripherally involved in mining governance are a major factor, as are an excessively centralized policy-making process, a powerful executive president, strong party loyalty, a system of political patronage, lack of transparency, and weak institutional capacity at the political and regulatory levels. The paper argues that the net impact of mining on economic development is likely to be enhanced with appropriate reforms in governance. Most importantly, there should be a greater awareness of incentive problems at the political level and their possible implications for sector performance and the economy at large. The set of checks and balances, as stipulated by the Constitution, have to be reinforced. Furthermore, capacity building at different levels and institutions is needed and should be combined with efforts to enhance incentives for institutional performance.
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