From Adjustment to Growth in Sub-Saharan Africa: The Lessons of East Asian Experience Applied to Ghana

Ghana, one of the first African countries to gain independence, was also the first to pursue intensive adjustment. Can it now accelerate growth and at the same time reduce poverty? This paper examines this question with a view to learning lessons for Ghana from the experience of fast growing Asian economies, such as Thailand and Malaysia. The paper focuses on three questions: role of human capital, outward orientation, and the relationship between the public and private sector.