Structural Adjustment in Ghana: Assessing the Impacts of Mining-Sector Reform

The productivity in the Nigeriaâ€™s mining sector presents significance challenges, especially in view of its prospect in diversifying the national economy. The need to uncover the efficiency by way of estimating two major production functions (i.e. capital and labor) cannot be minimized. However, this paper uses econometric technique to estimates the Cobb-Douglas production function of mining sector between 1980 and 2011 periods in Nigeria. To avoid a spurious series, unit root test was conducted based on Augmented Dickey-Fuller (ADF) to test for the stationarity or otherwise of the variables in the model. The outcome reveals that the substitution parameters Î± and Î² (substitution parameters for capital and labor) confirms the a priori expectation that the pair of Î± and Î² are positive values. Despite labor is the most significant factor of production, the study also found that other inputs such as innovations and technology are positively significant in this period of modern mining production processes in view of the global economic outlook. The study amongst others recommends strong political will of government, transparency and accountability to drive efficient and effective mining sector reform, increased capital investment in innovations, technology, and raw materials.

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Mining roadblocks stifle Guinea post-Ebola recovery

Emerald Expert Briefings ◽

10.1108/oxan-db201067 ◽

2015 ◽

Keyword(s):

Local Development ◽

Commodity Prices ◽

Malaria Diagnosis ◽

Diagnosis And Treatment ◽

Mining Sector ◽

Sector Reform ◽

Content Type ◽

Group Violence ◽

State Participation ◽

United Front

Subject Outlook for the mining sector in Guinea. Significance Ahead of presidential polls in October and amid predictions that the economy will contract by 0.3% this year, President Alpha Conde is prioritising mining sector reform. Through greater state participation, he hopes to secure local development benefits. However, the sector remains frustrated by inadequate infrastructure, low commodity prices and investor unease, recently exacerbated by the Ebola crisis. Impacts Popular avoidance of clinics over Ebola-linked fears will undermine malaria diagnosis and treatment, driving up fatalities. The likely tie-up between Camara, Diallo and Sidya Toure could create a united front against Conde, posing a real electoral threat. However, Camara's indictment for a 2009 massacre, issued on July 8, could complicate his ability to campaign on the ground. Mobilisation along ethnic lines could escalate rhetoric ahead of polls, raising the risk of inter-group violence.

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