Financialisation and poverty alleviation in Ghana : : myths and realities / / by Francis Boateng Frimpong.

The neoliberal policy response to the crisis in Ghana did not succeed in reversing the economic decline in both the medium and long term. In fact, quite the opposite, rather than undoing the economic decline, Frimpong argues that the policy prescriptions further weakened the country's ability t...

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Bibliographic Details
Superior document:Studies in Critical Social Sciences
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Place / Publishing House:Leiden, The Netherlands ;, Boston : : Brill,, [2022]
©2022
Year of Publication:2022
Language:English
Series:Studies in critical social sciences.
Physical Description:1 online resource (285 pages)
Notes:Includes index.
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Table of Contents:
  • ACKNOWLEDGEMENTS
  • ABBREVIATIONS
  • LIST OF TABLES AND FIGURES
  • PREFACE
  • Vassilis K. Fouskas
  • Chapter 1 Introduction
  • The historical background of finance and growth
  • Scope and limitations of the book
  • Structure of the book
  • Chapter 2 : Neoliberalisation and Financialisation: the debate
  • Introduction
  • The rise of neoliberal capitalism
  • Theoretical debates and historical precedents of financialisation
  • From stagnation to financialisation
  • French regulation school theory of financialisation
  • Post-Keynesianism and financialisation
  • Trans-nationalisation and liberalisation of finance
  • Financialisation and poverty alleviation: banking the unbanked
  • Conclusion
  • Chapter 3 : Finance-Growth-Nexus: theoretical and empirical literature
  • Introduction
  • The rise of finance and the financialisation of everything
  • The financial profit conundrum - profit in Marxist economics
  • Real commodity accumulation and fictitious accumulation
  • Contemporary heterodox perspectives on finance-led growth debate
  • Economic functions of financial intermediaries
  • Dynamics of financial development, income distribution, economic growth and poverty reduction in Ghana
  • Poverty and the pandemic: the case of Ghana
  • Conclusion
  • Chapter 4 The case of Ghana
  • Introduction
  • Country profile and overview of recent economic performance
  • The political economy of Ghana: from state-led accumulation to neoliberalism
  •  Political and economic developments from independence (1957) to 1982
  •  Political and economic developments 1983-2019
  • Neoliberalism in Ghana
  •  Neoliberalism and housing provision in Ghana
  • Financial sector reforms in Ghana - a historical perspective
  • Financialisation in Sub-Saharan Africa: accounting for the Ghanaian paradox
  •  Under-financed
  •  ...yet financialising
  •  Reverse of net capital flows - a subordinate/inferior financialisation
  • Conclusion
  • Chapter 5 Dimensions of capital structure and liquidity management in Ghana
  • Introduction
  • Theories of capital structure
  • Financialisation and capital structure accumulation in Ghana
  • Classification of capital accumulation process in Ghana
  • Contradictions in political-economic arrangements in Ghana
  •  Financing challenges
  •  Government policies
  • Conclusion
  • Chapter 6 The issue of poverty
  • Introduction
  • Poverty measurement conundrum
  • Absolute poverty
  • Relative poverty
  • The paradox of sub-Saharan Africa's middle class
  • Neoliberal globalisation and poverty
  • Conclusion
  • Chapter 7 Financialisation and households: from theory to the context of Ghana
  • Introduction
  • Theory of consumption function: household debt and the life cycle and permanent income hypotheses
  • The political economy of household finance
  • Payment systems in Ghana: a route towards financialisation
  • Financialisation, financial inclusion and mobile money
  • Conclusion
  • Chapter 8 Conclusion
  • Summing up the argument
  • The content of financialisation in Ghana
  • Policy recommendations.