A meeting of about one hundred researchers across the globe and senior African policy makers to discuss some of the major economic policy issues and challenges to sustainable economic growth on the African continent ended in
The two-day meeting, dubbed the
Delivering the keynote address at the opening of the forum on Monday, Dr Henry Kofi Akpenamawu Wampah, Governor of the Bank of
Dr Wampah said because of its middle-income status,
He said the country had increased its use of international capital markets to raise development finance because after graduating to the middle-income bracket four years ago,
He said pressure on the foreign exchange market had also negatively affected the international prices of gold and cocoa which cost
Dr Wampah said one of the key quandaries in contemporary times was how to sustain relatively brisk economic growth --in
He said another dilemma confronting governments within the region was how to meet the demands of their people without dislocating tight fiscal budget
He, therefore, called for evidence-based policy guidance for governments in
In his remarks, Prof.
Prof Leape said ICG was also building a global knowledge base, generating new ideas to support sustainable growth around the world.
The mission of the IGC is to promote sustainable growth in developing countries by bringing researchers and policy makers together to generate demand-led policy advice based on frontier research.
Through this interaction, the IGC seeks to improve the ability of developing countries to formulate their own policies to accelerate and sustain economic growth.
In other words, ICG seeks to help societies in less economically-developed countries find their own solutions to key growth challenges.
Through the provision of the very best academic research, ICG encourages good policy which, in turn, means stronger and sustainable growth.
The focus stems from the realization that without a functioning state to implement policies to enable individuals and firms to become more productive, a large fraction of humanity will be consigned to poverty.
Source: ISD (G.
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