FAF Research Seminar: Fiscal Rules Impede Africa’s Economic Growth
Research conducted by the Faculty of Accounting and Finance (FAF) of the University of Professional Studies, Accra has revealed that although having a set of fiscal rules contribute immensely to fiscal outcomes, its impact on economic growth in Sub-Sahara Africa are quite minimal or non-existence.
A senior lecturer at the FAF, Gladys Abindaw Awinpoak Nabieu made this known during her research presentation titled: ‘Fiscal Rules, Fiscal Performance and Economic Growth in Sub-Sahara Africa,’ at the Faculty’s Research seminar held on Tuesday, April 3, 2019.
Mrs Nabieu, also the Coordinator of Graduate Programmes at FAF, noted that although fiscal policies enhance economic growth in most parts of the world, the story is quite different when it comes to Sub-Sahara Africa. This, she attributed to expenditure by African governments which do not benefit the citizenry.
“Fiscal rules impede economic growth in most Sub-Sahara states because governments expenditure does not directly benefit the citizens,” she said.
A second presentation on ‘Type 1 General Exponential Family of Distribution: A new look’ was made by Albert Ayi Ashiagbor, a senior lecturer with the Actuarial Science department.
The Deputy Director of Research and Consultancy, Dr Joseph Kwadwo Tuffuor, who chaired the seminar said the presentations by the two speakers were apt and crucial for the current economic and financial dynamics of the African continent. He therefore called on the speakers to fine-tuned their findings to the total benefit of all.
Dean of the Faculty of Accounting and Finance, Dr. Raymond Dziwornu said the Faculty has introduced a mentorship programme where some senior lecturers are to select a mentee lecturer in order to foster effective teaching and learning. He also added UPSA offers equal opportunity for academic and capacity growth of all lecturers and therefore, called on others to take advantage of subsequent research seminars.
“It’s a platform for all of us to learn and build on on ourselves and not an avenue to bully ourselves as academics so take advantage of some of these platforms,” he reiterated.