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A book that outlines the stages of Ghana's economy from a dominant state to resource abundance nation has been launched in Accra.

Titled "the economy of Ghana; 60 years after independence", the 215-page book was put together by 32 authors and edited by a former Vice Chancellor of the University of Ghana, Professor Ernest Aryeetey and Mr Ravi Kanbur.
Divided into three sections, the book throws more light on Ghana's economic journey for the last 60 years.

The first part talked about the various kinds of industrial policies that Ghana has adopted historically and the industrial development outcomes that they have produced.
The second part highlighted the evolution of a key element of industrial policy and state business relations.

The final part touched on how industrial policy in Ghana would need to adapt to the emerging importance of the natural resources sector following the discovery of oil.
The book concluded that despite laudable efforts at modernising its agrarian economy, Ghana's transformation to an industrial economy remains largely unfulfilled.

Solid output
In his overview of the book, Professor Aryeetey Said the book was solidly put together with the knowledge and experience s of more than 30 scholars.

He said the book traced Ghana's economic path and the various transformation process leading to the current nature of the economy.

Professor Aryeetey, therefore, applauded the various contributions of all the scholars, especially his co-editor Mr Kanbur.

Review
Reviewing the book, a former Deputy Rector of the Ghana Institute of Management and Public Administration (GIMPA), Dr Nii Noi Ashong, said it explored the evolution of state-business relations in the country as a key element of industrial policy, and its effects on the development of the nation.

"Ghana's lack of a long-term industrial development strategy may reflect the relationship between governments and private indigenous entrepreneurs," he quoted from the book
Dr Ashong said the book extensively examined industrial policies in Ghana and how it would need to adapt to the emerging importance of the natural resources.
"There are discussions of the benefits and associated challenges of diversification of the economy, where sole focus is shifted away from the resource sector by improving cruelty competitiveness of other tradable activities," he quoted from the book.

The book was launched by a former Minister of Finance, Dr Kwame Pianim.

Quick Read
Ghana's economic transformation over the last 60 years has been put into a book Titled " The economy of Ghana, 60 years after independence"