Drivers of perceived land tenure (in)security: Empirical evidence from Ghana

Tenure security is believed to be critical in spurring agricultural investment and productivity. Yet what improves or impedes tenure security is still poorly understood. Using household- and plot-level data from Ghana, this study analyses the main factors associated with farmers’ perceived tenure security. Individually, farmers perceive greater tenure security on plots acquired via inheritance than on land allocated by traditional authorities. Collectively, however, perceived tenure security lessens in communities with more active land markets and economic vibrancy. Plots held by migrant households and women in polygamous households are perceived as less tenure secure, while farmers with political connections are more confident about their tenure security.     

Ecotourism development in Ghana: A postcolonial analysis

Despite growing research on ecotourism in Ghana, it is unclear to what extent colonial approaches to forestry and wildlife conservation still influence ecotourism in the country. This paper examines ecotourism development in Ghana from a postcolonialist perspective. It is based on a thematic assessment of primary data from in-depth interviews with a range of ecotourism actors. The paper shows that ecotourism in Ghana, much like colonial forestry and wildlife conservation, faces challenges such as the marginalisation of the local community, the use of neo-crisis narratives, a dependence on international forces, and the marginalisation of local ecological knowledge. It argues for a holistic approach to the development of ecotourism as a win–win strategy for sustainable development.     

Managing logging compensation payment conflicts in Ghana: Understanding actor-empowerment and implications for policy intervention

Forest resources outside permanent forest reserves form a substantial part of the overall natural forest biodiversity resources in Ghana. However, timber exploitation in off-reserve areas has been problematic as loggers and farmers have often been involved in conflicts over payment of crop-damage compensation. The paper examines 81 cases of this conflict which were reconstructed chronologically to investigate patterns of actors’ use of power resources and strategies and their effectiveness. The study employed an actor-empowerment conceptualisation of power and used a two-actor game model for the reconstruction of the conflicts. While several strategies and resources were mobilised and employed by the actors, their effectiveness were context-bound. The paper makes a case for areas where actors’ conflict capabilities could be built, why mediated bargaining can be more effective for managing such local conflict constellations and the need to interlock actor interests for mutual interaction by institutionalising mediated bargaining.     

On the Causes and Effects of Exchange Rate Volatility on Economic Growth: Evidence from Ghana

What drives exchange rate volatility, and what are the effects of fluctuations in the exchange rate on economic growth in Ghana? These questions are the subject matter of this study. The results showed that while shocks to the exchange rate are mean reverting, misalignments tend to correct very sluggishly, with painful consequences in the short run as economic agents recalibrate their consumption and investment choices. About three quarters of shocks to the real exchange rate are self-driven, and the remaining one quarter or so is attributed to factors such as government expenditure and money supply growth, terms of trade and output shocks. Excessive volatility is found to be detrimental to economic growth; however, this is only up to a point as growth-enhancing effect can also emanate from innovation, and more efficient resource allocation.     

The Financial Performance of Non-farm Microenterprises in Ghana

This paper analyzes the effect of firm and other characteristics on the incidence and intensity of improved financial performance among non-farm microenterprises in Ghana, using data from the 1998/1999 Ghana Living Standards Survey (GLSS 4). The results indicate that firm characteristics, including urban and regional location, significantly affect the incidence and intensity of improved performance, but entrepreneurial characteristics are unimportant. The firm’s capital stock does not affect the propensity and intensity of better performance, reflecting that the value of assets owned is low and insufficient to have a measurable impact on enterprise productivity and performance.     

Revisiting the World Bank's land law reform agenda in Africa: The promise and perils of customary practices

This paper revisits the World Bank's land law reform agenda in Africa by focusing on two central issues: (1) land law reform as a tool for resolving land conflicts, and (2) the role of land law reform in addressing gender inequalities. While the Bank's recent land report provides insights for improving land governance in Africa, it fails to acknowledge the exploitative and contentious politics that often characterize customary land tenure systems, and the local power dynamics that undermine the ability of marginalized groups to secure land rights. Using insights from recent fieldwork, the paper analyses the links between land law reform and conflict in Ghana, and the gendered dynamics of reforming land governance in Tanzania. These “crucial cases” illustrate how land law reform can provoke conflicts over land and threaten the rights of vulnerable populations (e.g. migrants and women) when customary practices are uncritically endorsed as a means of improving land governance. As such, the paper concludes with a series of recommendations on how to navigate the promise and perils of customary practices in the governance of land.     

Reconfiguration of land politics in community resource management areas in Ghana: Insights from the Avu Lagoon CREMA

This study explores the reconfiguration of land politics in a poor rural area of Ghana following the development of a community-based resource management and market-based conservation initiative. In particular we focus on an eco-tourism site that was developed through the Avu Lagoon Community Resource Management Area (CREMA) in Ghana. We adopt a political ecology approach that combines qualitative and quantitative information from multiple sources to explain the nature, drivers and outcomes of this reconfiguration of land politics. In particular we track how different environmental and socioeconomic narratives were mobilized and utilised to justify the establishment of the Avu Lagoon CREMA, and how this gave rise to a series of unmet expectations. The restriction of access to fertile land fit for sugarcane production (a key livelihood activity in the area), combined with the underperformance of the ecotourism project, led to different land contestations, including illicit land transfers and silent repossession through encroachment. We synthesize the main findings through the theory of access and argue that these dynamics follow the reconfiguration of land access, and are reflections of the weak enforcement of CREMA regulations, elite capture of the process, and a lack of proper benefit-sharing mechanisms. From a policy perspective, it is important to give due attention to community participation, payment of compensation, proper benefit-sharing mechanisms and the balance of power between local elites, external organisations and the local communities. Only then would CREMA processes be able to deliver their dual objectives of biodiversity conservation and socioeconomic development.     

SMEs’ Financing and Banks’ Profitability: A “Good Date” for Banks in Ghana?

Small and medium enterprises (SMEs) are the core of most economies and are a major source of economic growth. In recent times, banks have been actively involved in the financing of SMEs through the provision of loans to this sector. This paper investigates the impact of SMEs financing on banks’ profitability in Ghana. The study employed the fixed effect model as the main regression tool. The study result reveals that SMEs significantly contribute to banks’ profitability in Ghana. Interestingly, transaction cost in administering SME loans was insignificant in all the models. Higher inflation reduces the real value of the loan and erodes the interest returns on the total credit to the SMEs. Conversely, growth of GDP enhances the growth of the bank profit.