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Factors Affecting Economic Growth in Ghana: Bases for a New USAID Approach to Economic Growth Sibley International October 2008 Factors Affecting Economic Growth in Ghana: Bases for a New USAID Approach to Economic Growth Prepared for USAID/Ghana by Tom Easterling James W. Fox Fenton B. Sands under Contract EEM-I-02-07-00003-02 issued to Sibley International October 2008 ACRONYMS Acronym Meaning BDS Business Development Services CEPS Ghana Customs Bureau CTO Cognizant Technical Officer DCA Development Credit Authority DFID Department for International Development, U.K. EBD Export Business Development EE Enabling Environment EMQAP Export Marketing and Quality Awareness Project EU European Union FASDEP Food and Agriculture Sector Development Policy FIAS Foreign Investment Assistance Service of IFC/World Bank FINSSP Financial Sector Strategic Plan GAP Good Agricultural Practices GAVEX Ghana Association of Vegetable Exporters GDP Gross Domestic Product GEPC Ghana Export Promotion Council GIPC Ghana Investment Promotion Council GIS Global Information System GISPA Ghana Internet Service Providers Association GOG Government of Ghana GPRS Growth and Poverty Reduction Strategy GSB Ghana Standards Board GTZ Gesellschaft für Technische Zusammenarbeit – German Development Agency HACCP Hazard Analysis and Critical Control Point HEII Horticulture Exports Industry Initiative IEHA Initiative to End Hunger in Africa IFC International Finance Corporation ICT Information, Communications and Technology IFAD International Fund for Agricultural Development IFC International Finance Corporation M&E Monitoring and Evaluation MCC Millennium Challenge Compact MiDA Millennium Development Agency MSMEs Micro- Small, and Medium Enterprises MOFA Ministry of Food and Agriculture MOFEP Ministry of Finance and Economic Planning MOU Memorandum of Understanding NGO Non-Governmental Organization NPA Non-project Assistance (budget support in USAID argot) NLC National Labor Commission NRGP Northern Region Growth Program PMP project management plan PSDS Private Sector Development Strategy RAFiP Rural and Agricultural Finance Program RCB Rural/ Community Bank RFSP Rural Financial Services Project SPS Sanitary and Phytosanitary TFP Total Factor Productivity TIP USAID Trade and Investment Program TIRP USAID Trade and Investment Reform Program TIPCEE Trade and Investment Program for a Competitive Export Economy TSSP Trade Sector Support Program UN United Nations UNDP United Nations Development Program. USAID United States Agency for International Development VAT Value-added tax WBI World Bank Institute WTO World Trade Organization
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