¢ PTET we 14 Panne v0 mr eR. M4 — - = INSTITUTE OF PROFESSIONAL STUDIES (IPS), LEGON DEGREE PROGRAMME, FACULTY OF MANAGEMENT DEPARTMENTS OF ADMINISTRATION, MARKETING & ACCOUNTING END OF SECOND SEMESTER EXAMINATIONS- 2007/2008 LEVEL 200 PBPS 206 ECONOMY OF GHANA Date: 26" May, 2008 TIME ALLOWED: 2 HOURS, 30 MIN. INDEX NUMBER INSTRUCTIONS: Answer any THREE questions 1. (@ Discuss the relationship between the Environment and Development. 8 marks (©) Describe four steps that Ghana has taken to promote sustainability in the management of the nation’s resources. 12 marks 2. The experiences of some developing countries that/have discovered oil in large commercial quantities have shown that the discovery has been more of a curse than a blessing. Describe five ways by which Ghana can ensuré-that the emerging oil and gas industry in the country becomes a “blessing rather than a curse” 20 marks 3. The Ghanaian economy has witnessed a continuous increase in the general prices of goods and services in the past few months. Explain four factors that account for the recent increase in prices and examine the measures government announced on 22nd May, 2008 to mitigate the effect of the price increase on the economy 20 marks 4. (a) Clearly distinguish between the “direct route’ and ‘indirect route” mechanisms of poverty reduction and give two examples each. 4 marks (b) Would you subscribe to the view that “agro-based industrialization is the most promising pro-poor strategy for poverty reduction in Ghana”? Give reasons. 16 marks 5. (@) Explain the terms Financial Market and Financial System 4 marks (b) To what extent will you say that the recent reforms implemented in the financial sector in the last decade and a half in Ghana have been favourable? 16 marks 6. The government of Ghana on Thursday December 13, 2007 signed the controversial interim Economic Partnership Agreement (EPA) with the European Commission despite opposition from pressure groups and civil society organizations. Critically examine five effects of this agreement on agro-based infant industries in Ghana. 20 marks Good Luck eee (TO J 1 Leoom 3 hURARe