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SAGA PUBLICATIONS

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Quartey, Peter

Shared Growth in Ghana: Do migrant remittances have a role?
July 2005
Peter Quartey
The economy of Ghana has recorded modest net growth rates over the past decade. However, the current growth rates are inadequate to move the economy to a middle income status by 2015. Besides, not all benefited from the growth recorded so far and there is no doubt that the level of growth necessary to propel the country towards middle-income status cannot be achieved with the current levels of savings and investments within the domestic economy. The obvious issues are: how do we fill the savings gap and ensure shared growth? And how do we ensure that growth trickles down to the poor? The study believes that migrant remittances can serve the dual purpose; fill the savings gap, ensure shared growth and poverty reduction.
Presented at the International Conference on "Shared Growth in Africa," July 21-22, 2005, Accra, Ghana

Household Savings in Ghana: Does Policy Matter?
July 2004
Peter Quartey and Theresa Blankson
The level of financial savings in recent years has been low by African standard and although various monetary policies have been pursued in Ghana to liberalize the financial sector, the level of savings has not increased substantially to accelerate the economy towards the growth path. Ironically, the few studies that have examined savings behaviour in Ghana have focused on aggregate savings (national or private savings) which does not sometimes reveal enough on household savings. Secondly, these studies have not examined the macro-micro inter-relationship between household savings and macro-financial policy. This study mainly aims to examine this relationship using the Ghana Living Standards Survey (GLSS) Waves III and IV. The paper found that macrofinancial sector policies pursued between 1991/92 and 1998/99 did not have appreciable effect on household savings. Secondly, children and the aged on average had higher savings balances than the working population, contrary to the life cycle hypothesis.
In Ernest Aryeetey and Ravi Kanbur (editors), The Economy of Ghana: Analytical Perspectives on Stability, Growth and Poverty, James Currey, 2008.
Presented at the ISSER-University of Ghana-Cornell University International Conference on "Ghana at the Half Century," July 18-20, 2004, Accra, Ghana

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Quenum, Célestin Venant C.

Analyse critique des normes EFA-FT de production de service éducatif dans l’enseignement primaire des pays de l’UEMOA
November 2005
Célestin Venant C. Quenum
The West African Economic and Monetary Union (WAEMU) countries adopted the program “Education For All Fast Track Initiative” (EFA-FT) to achieve the goal of universal elementary education. Although the EFA-FT deals with some constraints that hinder universal education, it has some shortcomings that should be addressed to avoid any perverse effects in the short to medium run. For instance, the teachers’ pay under the EFA-FT seems unequitable and may even be counterproductive in the national context. Moreover, under the current terms the states will be unable to sustain the funding required for this program beyond the year 2015.
Paper prepared for the Regional Conference on “Education in West Africa: Constraints and Opportunities” in Dakar, Senegal, November 1-2, 2005.

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