{"id":38655,"date":"2023-03-30T16:51:11","date_gmt":"2023-03-30T16:51:11","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/ghana-must-shun-dogmatic-implementation-of-external-economic-research-prof-fiador"},"modified":"2023-03-30T18:15:37","modified_gmt":"2023-03-30T18:15:37","slug":"ghana-must-shun-dogmatic-implementation-of-external-economic-research-prof-fiador","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-must-shun-dogmatic-implementation-of-external-economic-research-prof-fiador","title":{"rendered":"Ghana must shun dogmatic implementation of external economic research- Prof Fiador"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>Associate Professor of Finance at the university of Ghana, Prof Vera Fiador, says the challenges facing the country require rigorous economic research to provide evidence-based policy recommendations that are underpinned by fresh thinking.<\/b><\/p>\n

She said it was about time the country shunned the dogmatic implementation of research conducted in other jurisdictions in developed economies.<\/p>\n

\u201cIndeed, even within our own jurisdiction, time can be a factor that renders recommendation no longer feasible or viable.<\/p>\n

\u201cYou cannot take what works in one economy and implement it to another. If we are to be bring to bear the context specificity that makes development finance what it is, it requires constant enquiry by way of research to foster new ideas and innovative solutions to the problems facing us,\u201d she said.<\/p>\n

The Associate Professor was speaking as a<\/p>\n

panellist at a roundtable on development finance organised by the Development Bank of Ghana (DBG) and the University on the theme: \u201cDeepening Development Finance Knowledge, Innovations and Impact.\u201d<\/p>\n

She said the concept of Development finance, which emerged to understand the nuances of how finance could be deployed to drive economic growth, entailed deepening of knowledge on how deployment of finance varied in one context from the other.<\/p>\n

With emerging economies like Ghana having a difficulty of deploying finance to drive economic growth, she said there was the need for pursuing different catch-up strategies, depending on the stage of the nation\u2019s development.<\/p>\n

Mr Michael Mensah Baah, Deputy Chief Executive Officer of DBG, said the banak was working to address the lack of long-term financing to drive the kinds of investments that would lead to sustainable growth.<\/p>\n

This, he said, was to be achieved through the adoption of a wholesale banking model that provided funding to eligible financial institutions to<\/p>\n

on-lend to Ghanaian businesses operating in industries such as agribusiness, manufacturing, Information Communication and Technology (ICT) and high value services.<\/p>\n

\u201cIt is critical that we work to unleash the potential of the youth by creating the right enabling environment. DBG has been designed to help relieve the bottlenecks that have hindered the availability of long-term, competitively priced loans, to small and medium sized enterprises in Ghana,\u201d he said.<\/p>\n

Mr Daniel W. Addo, Managing Director of Consolidated Bank of Ghana (CBG), said ensuring the sustainability of DBG required the adherence to prudent risk management practices, best in class governance frameworks, and performance management systems.<\/p>\n

He said a balancing act would be required to ensure that the bank operated in a manner that was not too risk-averse and too risk-seeking.<\/p>\n

\u201cAt the minimum, DBG should strive to operate independently and devoid of political interference and must establish a solid sustainable financing<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. Associate Professor of Finance at the university of Ghana, Prof Vera Fiador, says the challenges facing the country require rigorous economic research to provide evidence-based policy recommendations that are underpinned by fresh thinking. She said it was about time the country shunned the dogmatic implementation of research conducted in other jurisdictions in […]<\/p>\n","protected":false},"author":84,"featured_media":38654,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6],"tags":[5092,5096,429],"class_list":["post-38655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nGhana must shun dogmatic implementation of external economic research- Prof Fiador - Ghana<\/title>\n<meta name=\"description\" content=\"Associate Professor of Finance at the university of Ghana, Prof Vera Fiador, says the challenges facing the country r ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-must-shun-dogmatic-implementation-of-external-economic-research-prof-fiador\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana must shun dogmatic implementation of external economic research- Prof Fiador\" \/>\n<meta property=\"og:description\" content=\"Associate Professor of Finance at the university of Ghana, Prof Vera Fiador, says the challenges facing the country r ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-must-shun-dogmatic-implementation-of-external-economic-research-prof-fiador\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-30T16:51:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-30T18:15:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/03\/postQueueImg_1680176830.03.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"364\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-must-shun-dogmatic-implementation-of-external-economic-research-prof-fiador#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-must-shun-dogmatic-implementation-of-external-economic-research-prof-fiador\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Ghana must shun dogmatic implementation of external economic research- Prof Fiador\",\"datePublished\":\"2023-03-30T16:51:11+00:00\",\"dateModified\":\"2023-03-30T18:15:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-must-shun-dogmatic-implementation-of-external-economic-research-prof-fiador\"},\"wordCount\":464,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-must-shun-dogmatic-implementation-of-external-economic-research-prof-fiador#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/03\/postQueueImg_1680176830.03.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"files\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-must-shun-dogmatic-implementation-of-external-economic-research-prof-fiador#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-must-shun-dogmatic-implementation-of-external-economic-research-prof-fiador\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-must-shun-dogmatic-implementation-of-external-economic-research-prof-fiador\",\"name\":\"Ghana must shun dogmatic implementation of external economic research- Prof Fiador - 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