factors motivating inflows to ghana mining industry. Analysis of the determinants of foreign direct investment . University of Cape Coast, Cape Coast, Ghana, and Jacob Afful Department of Finance, University of Cape Coast, Cape Coast, Ghana Abstract Purpose – The factors that determine foreign direct investment FDI are important to policy-makers, investors, the banking industry and the ...
The resurgence in the mining industry in Ghana since 1989 cannot be considered an isolated phenomenon. It is driven by the global paradigm which emphasises private sector-led development as the engine of economic recovery in developing countries. This is indeed the thrust of the structural adjustment programmes SAP prescribed for such
Ghana on the other hand, as the second largest recipient of FDI inflows is as a result of Its abundance of natural resources such as gold, diamond and crude oil, and a stable political environment. Figure 1 below shows the values of FDI in-flow in Ghana and Nigeria between 2012 and 2016 in respect to the total esti-
factors motivating inflows to ghana mining industry ... theories behind foreign direct investment, and considers factors affecting its ... gold mining industry of Ghana with ... aggregate and mineral ...
Among the public and private sector institutions in Ghana, the mining industry can be seen as one of the oldest industries known to play a central role in the economic development of the country.
This study determines the macroeconomic factors that influence foreign direct investment inflows to Ghana using cointegration analysis. Foreign direct investment FDI can be understood as a package of resources that complements the financial flows and makes a distinctive contribution to the development process.
The study further showed that though there were many motivating or promotional factors for carrying out CSR in the mining industry, there were also hindering factors. The promoting factors include regulatory bodies and their legal requirements, security and social legitimacy, geographical lo ions and cultural values, mitigation, shared value ...
The factors that determine foreign direct investment FDI are important to policy-makers, investors, the banking industry and the public at large. FDI in Ghana has received increased attention in recent times because its relevance in the Ghanaian economy is too critical to gloss over.
Also in terms of export and import between the two countries, China export to Ghana was $4.8 billion and import from Ghana was at about $1.8 billion. China’s non-financial direct investment inflows into Ghana hit $123 million and the volume of China’s newly signed contracts in Ghana reached $2.9 billion making Ghana stand out among African ...
This chapter chronicles the evolution of industry in Ghana over the post-independence era from an inward overprotected ISI strategy of 1960–83 to an outward liberalized strategy during 1984–2000, and since 2001, to the private sector-led accelerated industrial development strategy based on value-addition. Industry in Ghana is mainly dominated by micro and small firms, privately owned and ...
Ghana developed its first comprehensive piece of mining legislation in 1989 with the assistance of the IMF and the World Bank, as part of an effort to support large-scale investment in the sector and, more generally, to strengthen the value of domestic currency through promoting exports and increasing FDI inflows.
University of Cape Coast, Cape Coast, Ghana, and Jacob Afful Department of Finance, University of Cape Coast, Cape Coast, Ghana Abstract Purpose – The factors that determine foreign direct investment FDI are important to policy-makers, investors, the banking industry and the public at large. FDI in Ghana has received increased attention in
FDI inflows net that were at least 5 percent of GDP between 2008 and 2012. FDI also constitutes a large share of gross fixed capital formation GFCF in several African countries. The share of FDI in GFCF was at least one-third in Congo, DRC, Ghana, Madagascar and Nigeria. The influx into Africa is largely driven by extractive industries
In this paper, we run dynamic panel model describing the relationship between industrialization and different socio-economic, financial and institutional determinants for 35 African countries over ...
A number of factors positioned African countries as recipients of DI inflows. he factors ranged from geographical to polic 11 and political factors 1 among others. owever the first to sets of factors ere pertinent for discussion because of their overriding relevance in driving DI inflows among the newl
Attracting foreign direct investment has been a priority of Ghana’s Government since 1983 with the establishment of an economic recovery program. The result has been an incremental increase in FDI inflows to USD 139 million in 2004, a slight increase from USD 137 million in 2003 see Figure . These figures are
Most of the foreign investment to Ghana is concentrated in the mining sector. According to estimates by UNCTAD 2008 , some 70 per cent of total FDI inflows over the last 15 years went to this sector. Footnote 4 Outside the mining sector, FDI inflows mainly went to the service sector and light manufacturing . FDI in manufacturing is ...
The paper examined the determinants of foreign direct investment inflows to Ghana. The main objective of this study was to find out the major macroeconomic determinants of foreign direct investment in Ghana between the periods 1980 to 2012.
Ghana’s economic freedom score is 59.4, making its economy the 104th freest in the 2020 Index. Its overall score has increased by 1.9 point, helped by a higher fiscal health score.
University of Cape Coast, Cape Coast, Ghana, and Jacob Afful Department of Finance, University of Cape Coast, Cape Coast, Ghana Abstract Purpose – The factors that determine foreign direct investment FDI are important to policy-makers, investors, the banking industry and the public at large. FDI in Ghana has received increased attention in
Aiming to examine how exchange rate volatility influences FDI inflows into Ghana, Coleman and Tettey 2008 found that exchange rates play an important role in attracting FDI. Their research results conclude that volatile exchange rate has a negative impact on FDI inflows. Nabende 2002 pointed out that exchange rates are
In the past, many studies relating to staff motivation within the workplace have been conducted for the mining sector. Of course, motivated employees are the main key to achieving success of any organisation. However, the goal of this paper is to identify factors and behaviours which principally motivate staff within the mining sector.
of the world. On an annual average basis, the region‟s share of global FDI inflows was 2.6 percent in the period 1980-89; 1.9 percent in the period 1990-1999; and 3.2 percent in the period 2000-2009. During the same periods, the Asian region received FDI inflows 14.2 percent, 19.1 percent, and 19.1 percent of total global inflows, respectively.
Local Content Policies in the Mining Sector: Scaling up local procurement 1.0 INTRODUCTION In a large number of resource-rich countries, the mining sector is an important driver of growth, in particular during commodity boom periods. This is a result of large investment inflows and revenue generation essentially driven by exports.
Most of the foreign investment to Ghana is concentrated in the mining sector. According to estimates by UNCTAD 2008 , some 70 per cent of total FDI inflows over the last 15 years went to this sector. Footnote 4 Outside the mining sector, FDI inflows mainly went to the service sector and light manufacturing . FDI in manufacturing is ...
Evans, Y. , Kesse, C. , Gladys, A. and Nyamoto, K. 2018 Foreign Direct Investment Inflows in Ghana: Is There Any Political and Priority Influence in the Distribution among the Sectors and Regions of the Ghanaian Economy?. Open Journal of Business and Management, 6, 973-989. doi: 10.4236/ojbm.2018.64072.
Northern Ghana has not produced the key export commodities, has received much lower inflows of remittances, and participated much less in trading activities compared to the south. These are the major factors explaining the poor growth performance of Northern Ghana. A significant proportion
In response to the honour, the Accra Mining Network Patron expressed gratitude to the network saying, "This is a rare motivation for me to continually give my best in the mining industry". Mr Owiredu, who was a former President of the Ghana Chamber of Mines, said the association was a major stakeholder of mining development in the country; "I ...
A case study on Ghana Kyereboah-Coleman and Agyire-Tettey, 2008 on the volatility of real exchange rate showed that the volatility of the real exchange rate has a negative influence on FDI inflow. Empirical investigation of firm level data on the US FDI to Korea Jeon and Rhee, 2008 proves that FDI inflows have significant association with real
since gaining access to electricity 10 . Similar results were found in Ghana, Tanzania, Zimbabwe, Botswana and many others across the continent 11, 12 . These results suggest that not only do economics play less of a role than previously thought, there are additional factors that limit the uptake of more modern fuels, especially in least
GHANA COCOA Ghana& 39;s Cocobod appointed five lenders, including Amro Bank and Bank of China 601988.SS, to arrange its $1.3 bln syndi ed loan to finance 2018/19 crop purchases, the regulator said ...
Studies within the context of Ghana have looked at the rise of mobile technology in the health sector. 7 Arguably, little study has been done in Ghana to highlight the factors that drive eHealth adoption, hence the need for this study. 8,9
significant impact on the level of FDI inflows in Ghana. The study further established FDI targeting Ghana to be predominantly resource seeking for now. The short-run estimate for natural resources is positive and significant. However, Ghana cannot continue to rely on its natural resources to attract FDI as the long-run relationship is negative.
telecommuni ion, mining, oil and gas sectors of the Ghanaian economy. The result indi es that several factors influence or inhibit FDI in the economy. Factors that encourage FDI in Ghana include the abundance of natural resources, political stability, availability of cheap labour force, and growing markets. Several barriers
Increasing public investments into Ghana’s commercial construction sectors will be a key market opportunity for the companies operating in the construction and infrastructure industry. The presence of a huge customer base is resulting in strong FDI foreign direct investment inflows into the country.
We in Ghana did not see any major decline in foreign remittance inflows”. He said the phenomenon may also likely be based of procyclical or countercyclical reasons. Procyclical and countercyclical variables are variables that fluctuate in a way that is positively or negatively correlated with business cycle fluctuations in gross domestic product.
3.1. The strategic context of the construction industry in Ghana. This study selected the construction industry as the empirical focus because this industry uniquely provides complex linkages to other sectors of a country& 39;s economy and has the potential to stimulate other sectors Ofori, 2002 . Studies of T and K transfer factors specific to the ...
GHANA COCOA Ghana& 39;s Cocobod appointed five lenders, including Amro Bank and Bank of China 601988.SS, to arrange its $1.3 bln syndi ed loan to finance 2018/19 crop purchases, the regulator said ...
The study seeks to assess the motivational packages available at Ghana Commercial Bank and how it affects employee performance towards the Bank‟s corporate objectives. The survey research design was used for the study. The study revealed that, management can make use of different strategies and policies to motivate employees in the banking ...
The mining sector, in particularly copper mining, has for decades been the backbone of the Zambian economy. In particular in the two provinces with large scale mining activities: the Copperbelt and the North Western province. Most of the Zambian mining industry was privatised in the early 2000s, following several decades of state ownership.
This paper studies the effect of FDI inflows and outflows, export and import from the perspective of their influence on GDP and economic growth of the Ghanaian economy. We evaluate how the values of inward and outward FDI have become a major source of revenue and strategic economic development with less attention being focused on outward FDI. By considering the total values of foreign direct ...
While the engagement of Chinese migrants in small-scale mining in Ghana has gained traction in scholarship, the extant literature pays little attention to how the relationship between the so-called formal institutions e.g., the Minerals Commission and Ministry of Land and Natural Resources and informal institutions e.g., the chieftaincy and customary land institutions enables illegalities ...
Table 16. Perception on Ghana 84 Table 17. Investment trends 85 Table 18. Regional egorisation of mining companies in Ghana 86 Table 19. Energy shock and capacity utilisation 91 Table 20. Energy shock and extra energy cost 92 Table 21. Energy shock and employment 92 Table 22. Energy shock and investment outcomes 93 Table Al.
This article examines why Ghana attracts more FDI than its West African counterparts and how Ghana has improved its FDI attractiveness. To do so, the article uses statistical analysis to investigate the dynamics of FDI policy-related factors in Ghana and compares Ghana& 39;s performance with West African countries& 39; average performance.
2016 EmployeeMotivation and Work Performance: A Comparative Study of Mining Companies in Ghana. Journal of Industrial Engineering and Management . 9 2 . p. 255-309. LUNDBERG, GUDMUNDSON and ANDERSSON, T.D. 2009 Herzberg’s Two-Factor Theory of work motivation tested empirically on seasonal workers in hospitality and tourism.
View: Zambia& 39;s mining industry will grow slowly in the coming years as the dominant copper sector receives limited additionalinvestment. The coal sector is growing rapidly, but will remain a small part of the mining industry. Read More. Ghana Mining Q4 2020. Aug 11, 2020 USD 1,415... despite modest disruption from the Covid-19 outbreak.
SAPs also increased international confidence in Ghana’s economy, which helped attract foreign capital particularly in the fields of mining and infrastructure. 20 Despite these considerable improvements, critics of SAPs have questioned their overall benefits. 21
FDI inflows to both North and West Africa have declined since 2010. The question as to what influences FDI inflows into Africa can be split into two separate factors, namely, Africa’s significant natural resources and, secondly, the political and business environment which is impacted by security factors, infrastructure and government policies.
