Investing Mineral Wealth in Development Assets : Ghana, Liberia and Sierra Leone

Promoting sustainable development calls for investing rents from exhaustible mineral resources into human, physical and social capital, so as to protect the wealth of countries and the economic opportunities of their citizens. This has been difficult in well-governed Ghana in the last decade; and mi...

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Bibliographic Details
Main Authors:	Boakye, Daniel, Dessus, Sébastien, Foday, Yusuf, Oppong, Felix
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	ACCOUNTING AGRICULTURE AMORTIZATION ARREARS AUCTION AUCTIONS BALANCE OF PAYMENTS BANK FINANCING BENCHMARK BENCHMARKS BID BORROWING STRATEGY BROAD MONEY BUDGET CONSTRAINT BUDGETING BUSINESS CYCLES CAPACITY BUILDING CAPITAL GAIN CAPITAL GAINS CAPITAL INFLOWS CASH FLOWS CENTRAL BANK CHECKS COLLATERAL COLLECTIVE ACTIONS COLLUSION COMMODITY PRICE COMMODITY PRICES COMPETITIVENESS COMPLIANCE GAP CONFLICT OF INTEREST CONTINGENT LIABILITIES CORPORATE INCOME TAX CORPORATE PROFITS CREDIBILITY CURRENCY COMPOSITION CURRENT ACCOUNT DEFICIT DAMAGES DEBT DEBT INSTRUMENTS DEBT MANAGEMENT DEBT RELIEF DEBT SERVICE DEFICIT FINANCING DEPOSITS DEVELOPMENT ASSISTANCE DEVELOPMENT BANK DEVELOPMENT ECONOMICS DEVELOPMENT POLICIES DEVELOPMENT POLICY DEVELOPMENT STRATEGIES DEVELOPMENT STRATEGY DISBURSEMENTS DISCOUNT RATE DISCOUNT RATES DISPOSABLE INCOME DIVIDENDS DOMESTIC BORROWING ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMICS LITERATURE ECONOMIES OF SCALE ELECTRICITY EQUIPMENT EQUIPMENTS EVASION EXPENDITURE EXPENDITURES EXPORTER EXPORTS EXTERNAL BORROWING EXTERNAL DEBT FINANCIAL ACCOUNTING FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT CAPACITY FISCAL DEFICIT FISCAL POLICY FISCAL RESPONSIBILITY FISCAL SURPLUS FIXED CAPITAL FLEXIBLE EXCHANGE RATE FORECASTS FOREIGN CAPITAL FOREIGN CURRENCY FOREIGN DIRECT INVESTMENTS FOREIGN EXCHANGE FOREIGN INVESTORS FRAUD GDP GLOBAL MARKET GOVERNMENT BUDGETING GOVERNMENT DEBT GOVERNMENT EXPENDITURE GOVERNMENT EXPENDITURES GOVERNMENT GUARANTEES GOVERNMENT REVENUE GOVERNMENT REVENUES GROSS NATIONAL SAVINGS GROWTH RATE GROWTH WITHOUT DEVELOPMENT HOLDING HOLDINGS HOST GOVERNMENT HUMAN CAPITAL HUMAN DEVELOPMENT HUMAN RESOURCE INCOME TAX INFLATION INFORMATION SYSTEM INFRASTRUCTURE DEVELOPMENT INSTITUTIONAL CAPACITY INSTRUMENT INSURANCE INTERGOVERNMENTAL TRANSFER INTERNAL AUDIT INTERNAL AUDITS INTERNATIONAL BANK INTERNATIONAL STANDARD INVESTING INVESTMENT CLIMATE INVESTMENT DECISIONS INVESTMENT FINANCE INVESTMENT PROJECTS INVESTMENT SPENDING LEASE AGREEMENTS LEGAL FRAMEWORK LEGAL OBLIGATIONS LENDERS LICENSES LIQUIDITY LIQUIDITY MANAGEMENT LIVING STANDARDS LOCAL ECONOMY M2 MACROECONOMIC ENVIRONMENT MACROECONOMIC INSTABILITY MACROECONOMIC MANAGEMENT MACROECONOMIC POLICY MACROECONOMIC RISKS MACROECONOMIC STABILITY MACROECONOMIC UNCERTAINTY MARGINAL VALUE MIDDLE INCOME COUNTRY MONETARY FUND MONETARY POLICIES MONETARY POLICY MONEY SUPPLY MULTIPLIER EFFECTS NATIONAL INCOME NATIONAL SAVINGS NATURAL CAPITAL OIL PRICE OIL PRICES OIL RESERVES OPPORTUNITY COST PERFECT INFORMATION PERSONAL INCOME POLITICAL ECONOMY POLITICAL RISKS PRICE FLUCTUATIONS PRICE VOLATILITY PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRODUCTION COSTS PRODUCTIVE INVESTMENTS PROVISIONS PUBLIC PUBLIC BORROWING PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC EXPENDITURE PUBLIC EXPENDITURE PRIORITIES PUBLIC GOODS PUBLIC INVESTMENT PUBLIC INVESTMENT PROGRAMS PUBLIC INVESTMENTS PUBLIC PRIVATE PARTNERSHIPS PUBLIC RESOURCES PUBLIC REVENUES PUBLIC SAVINGS PUBLIC SECTOR PUBLIC SPENDING PURCHASING POWER RATES OF RETURNS REAL EXCHANGE RATE REAL INTEREST REAL INTEREST RATE REAL INTEREST RATES REGULATORY AUTHORITY REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REGULATORY REGIMES RENEGOTIATION REPAYMENTS RESERVE RESERVES RESOURCE ALLOCATION RETURN REVENUE COLLECTION REVENUE MANAGEMENT ROADS SAVINGS RATE SOCIAL CAPITAL TAX TAX CODE TAX COLLECTION TAX EXEMPTIONS TAX POLICY TAX REGIME TAX REVENUE TECHNICAL ASSISTANCE TOTAL OUTPUT TRANSPARENCY TREASURY TREASURY BILL UTILITIES VALUATION VOTERS WAGES WEALTH WITHHOLDING TAX
Online Access:	http://documents.worldbank.org/curated/en/2012/06/16377791/investing-mineral-wealth-development-assets-ghana-liberia-sierra-leone http://hdl.handle.net/10986/9320