Ghana's New National Income Data Series: Follow-up To M Huq and M Tribe's the Economy Of Ghana : 50 Years of Economic Development (Palgrave Macmillan, 2018)

Michael Tribe, Mohammed Huq

Research output: Working paperDiscussion paper

Abstract

This paper follows from the publication of our jointly authored book on the Ghanaian economy which was published in September 2018 (Huq and Tribe, 2018). This volume contains an extensive database which provides consistent series for most of the major macroeconomic features of the economy from 1960 to 2015. However, later in September 2018 the Ghana Statistical Service (GSS) published a significant update of the national income statistics (GSS, 2018a) and in this paper we aim to explore some of the implications of this update. As originally published, the new national income data do not permit a direct comparison of the old and new series at constant prices of the same year, and the paper contains estimates which contribute to covering this omission. The calculations using the new data series also provide estimates for constant price data which demonstrate the structural changes reported by the GSS publications in more detail than was contained within the official data release. Using a range of new data sources (including the Integrated Business Enterprise Survey – GSS, 2017b – and the Labour Force Survey – GSS, 2016) within the 2008 edition of the United Nations System of National Accounts (UN, 2008) the new national income series includes an upwards shift of approximately 30 per cent in GDP, and new estimates of manufacturing value added which amount to an increase of approximately 350 per cent. Statistical comparability of the new GDP series, particularly within sub-Saharan Africa, is an area which will need further consideration.
LanguageEnglish
Place of PublicationGlasgow
PublisherUniversity of Strathclyde
Pages1-39
Number of pages39
Volume19
Publication statusPublished - 26 Jun 2019

Publication series

NameStrathclyde Discussion Papers in Economics
PublisherUniversity of Strathclyde
No.07
Volume19

Fingerprint

National income
Ghana
Tribes
Economic development
United Nations
System of national accounts
Sub-Saharan Africa
Data base
Structural change
Value added
Macroeconomics
Labor force
Statistics
Data sources
Integrated
Business enterprise
Manufacturing

Keywords

  • Ghana
  • national income
  • economic activity
  • GDP
  • labour market trends

Cite this

Tribe, M., & Huq, M. (2019). Ghana's New National Income Data Series: Follow-up To M Huq and M Tribe's the Economy Of Ghana : 50 Years of Economic Development (Palgrave Macmillan, 2018). (07 ed.) (pp. 1-39). (Strathclyde Discussion Papers in Economics; Vol. 19, No. 07). Glasgow: University of Strathclyde.
Tribe, Michael ; Huq, Mohammed. / Ghana's New National Income Data Series : Follow-up To M Huq and M Tribe's the Economy Of Ghana : 50 Years of Economic Development (Palgrave Macmillan, 2018). 07. ed. Glasgow : University of Strathclyde, 2019. pp. 1-39 (Strathclyde Discussion Papers in Economics; 07).
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abstract = "This paper follows from the publication of our jointly authored book on the Ghanaian economy which was published in September 2018 (Huq and Tribe, 2018). This volume contains an extensive database which provides consistent series for most of the major macroeconomic features of the economy from 1960 to 2015. However, later in September 2018 the Ghana Statistical Service (GSS) published a significant update of the national income statistics (GSS, 2018a) and in this paper we aim to explore some of the implications of this update. As originally published, the new national income data do not permit a direct comparison of the old and new series at constant prices of the same year, and the paper contains estimates which contribute to covering this omission. The calculations using the new data series also provide estimates for constant price data which demonstrate the structural changes reported by the GSS publications in more detail than was contained within the official data release. Using a range of new data sources (including the Integrated Business Enterprise Survey – GSS, 2017b – and the Labour Force Survey – GSS, 2016) within the 2008 edition of the United Nations System of National Accounts (UN, 2008) the new national income series includes an upwards shift of approximately 30 per cent in GDP, and new estimates of manufacturing value added which amount to an increase of approximately 350 per cent. Statistical comparability of the new GDP series, particularly within sub-Saharan Africa, is an area which will need further consideration.",
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Tribe, M & Huq, M 2019 'Ghana's New National Income Data Series: Follow-up To M Huq and M Tribe's the Economy Of Ghana : 50 Years of Economic Development (Palgrave Macmillan, 2018)' Strathclyde Discussion Papers in Economics, no. 07, vol. 19, 07 edn, University of Strathclyde, Glasgow, pp. 1-39.

Ghana's New National Income Data Series : Follow-up To M Huq and M Tribe's the Economy Of Ghana : 50 Years of Economic Development (Palgrave Macmillan, 2018). / Tribe, Michael; Huq, Mohammed.

07. ed. Glasgow : University of Strathclyde, 2019. p. 1-39 (Strathclyde Discussion Papers in Economics; Vol. 19, No. 07).

Research output: Working paperDiscussion paper

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AB - This paper follows from the publication of our jointly authored book on the Ghanaian economy which was published in September 2018 (Huq and Tribe, 2018). This volume contains an extensive database which provides consistent series for most of the major macroeconomic features of the economy from 1960 to 2015. However, later in September 2018 the Ghana Statistical Service (GSS) published a significant update of the national income statistics (GSS, 2018a) and in this paper we aim to explore some of the implications of this update. As originally published, the new national income data do not permit a direct comparison of the old and new series at constant prices of the same year, and the paper contains estimates which contribute to covering this omission. The calculations using the new data series also provide estimates for constant price data which demonstrate the structural changes reported by the GSS publications in more detail than was contained within the official data release. Using a range of new data sources (including the Integrated Business Enterprise Survey – GSS, 2017b – and the Labour Force Survey – GSS, 2016) within the 2008 edition of the United Nations System of National Accounts (UN, 2008) the new national income series includes an upwards shift of approximately 30 per cent in GDP, and new estimates of manufacturing value added which amount to an increase of approximately 350 per cent. Statistical comparability of the new GDP series, particularly within sub-Saharan Africa, is an area which will need further consideration.

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Tribe M, Huq M. Ghana's New National Income Data Series: Follow-up To M Huq and M Tribe's the Economy Of Ghana : 50 Years of Economic Development (Palgrave Macmillan, 2018). 07 ed. Glasgow: University of Strathclyde. 2019 Jun 26, p. 1-39. (Strathclyde Discussion Papers in Economics; 07).