Events

Round Table Discussion

Wednesday, February 17, 2016 - 09:00

Where?: 

Faculty of Social Sciences Conference Room

COLLEGE OF HUMANITIES AND LEGAL STUDIES
FACULTY OF SOCIAL SCIENCES, DEPARTMENT OF ECONOMICS

Round Table Discussion on:
Implications of Recent Utility/Fuel Price Hikes on the Economy; and
Reflections on Recent Developments and Regulatory Directives  in the Microfinance Sector

Background

The economy of Ghana has in recent weeks witnessed some developments that have become a source for concern to many people. For example, on January4, 2016, a fuel price increase of 27 percent came into effect, after the passage of an Energy Sector Levy Bill by Parliament in December 2015. Prior to this, the Public Utilities Regulatory Commission (PURC) announced tariff increases in the utilities (59.2 percent for electricity and 67.2 percent for water). As established in the theoretical literature, imposition of such tariffs, despite its welfare benefits in terms of the provision of public, can potentially induce inefficiencies in the economy through its allocation, stabilization and distribution effects. The first part of this proposed round table provides a platform for experts in the area to discuss some of the implications of such tariff increases on some fundamental variables within the economy.
The second issue of concern in the country is related to the microfinance sector where the Brong Ahafo region has witnessed a series of demonstrations since last year over the inability of companies like, DKM, God is Love, Jaster motors, etc to pay back money invested with them by residents. Following from this, the Bank of Ghana has revoked the licenses of some 70 microfinance and money lending companies and is also reviewing the entire process of licensing new microfinance institutions. In the second part of the discussion, panelists will throw some more light on microfinance regulation in Ghana and discuss the implications of BOG’s decision to revoke the licenses of some of the operators in the industry.
Without necessarily prescribing changes in these policy initiatives, it is hoped that as part of the expected outputs for this roundtable, a position paper on issues discussed will be generated for the attention of relevant stakeholders and practitioners which are expected to contribute to the discourse on economic policy matters in Ghana. Highlights of the program are as follows:

Topic 1:      Implications of Recent Utility/Fuel Hikes on the Economy

Panelists:                     Dr. Mark Armah (Department of Economics)
                                    Dr. William Brafu-Insaidoo (Department of Economics)
                                    Dr. Mawuli Gaddah (Ministry of Finance and Economic Planning)

Chairman:                 Prof. Eric Amuquandoh (Dean, Faculty of Social Sciences)

Topic 2:      Reflections on Recent Developments and Regulatory Directives in the Microfinance Sector

Panelists:                    Prof. Samuel Kobina Annim (Head, Department of Economics, UCC)
                                   Dr. James Atta Peprah (Department of Economics, UCC)
                                   Mr. Yaw Gyamfi (Executive Secretary, GHAMFIN)
 

Chairman:  Prof. Stephen Kendie  (Provost, College of Humanities and Legal Studies)

Who's Invited?: 

The University Community and the general public

Contact: 

William G. Cantah - 0247477389

Sponsor: 

Department of Economics and the Faculty of Social Sciences

By Organisation: