2471. Innovative Ways of Making Aid Effective in Ghana: Tied Aid versus Direct Budgetary Support
- Author:
- Peter Quartey
- Publication Date:
- 09-2005
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- There has been significant amount of aid inflow s to developing countries including Ghana, but these have been very volatile. Aid flows have been associated with low domestic resource mobilization and have reduced Ghana to a country heavily dependent on aid. The amount of official development assistance (ODA) inflow s has fallen in recent years and has become unpredictable. It is general knowledge that aid has not yielded the desired benefit. In an attempt to improve aid effectiveness donors have used tie d aid not just to promote commercial interests but also to target aid to particular projects that have direct links with poverty. However, this has not yielded the maximum benefits required. Recently, the government of Ghana and its development partners agreed on an aid package dubbed the multi-donor budgetary support (MDBS), which would ensure continuous flow of aid to finance the government's poverty related expenditures.
- Topic:
- International Relations, Development, and Economics
- Political Geography:
- Africa and Ghana