Vol 5, No 1

Table of Contents

Articles

Analysis of the Performance of Export Processing Zones in Ghana PDF
William Angko
Free Zones (also referred to as Export Processing Zones) have been effectively used and are currently being applied in a variety of settings to introduce market oriented economic and institutional policy reforms in several countries such as Ireland, South Korea, Republic of China, Mauritius, Namibia, Togo and Nigeria. In some of these countries, the application of the Free Zones/EPZ policy have had the effect of encouraging competitive enterprises to establish themselves within zone boundaries mainly to produce export. The study adopted both quantitative and qualitative approach to research. Primary data obtained through the use of questionnaire and interviews. 100 registered free zones companies out of the 176 total existing companies were sampled based on the 2007 Ghana Free Zones Board Annual Report using simple ramdom and purposive sampling. Although free zones companies can be found in other regions such as Western, Ashanti and Volta, they are mainly concentrated in Tema and Accra including those in the TEPZ enclave. The main objective was to analyse the export performance of free zones companies in Ghana from 2003 to 2008. Variables used included; exports of FZ companies, export-employment ratio, net exports and value added. The study also looked at the generation of foreign exchange and employment created by these companies from 2001 to 2008. From the results of the study, it could be seen that while national exports are increasing over time, FZ exports have been inconsistent over time. The result depicts that although the number of FZ companies have been increasing since its inception, exports from these companies have not significantly affected gross exports from the country.  It was observed that exports from FZ companies have been less than 10% of total exports.  This deviates from a number of FZ/EPZ in previous work where FZ/EPZs contribute significantly to the country’s exports and improving their economy as indicated earlier in this chapter. Peter L Watson in ‘Export Processing Zones: Has Africa missed the boat”, noted that although there is a potential for Africa to benefit from export-oriented growth based on the development of FZ/EPZs, it would not be easy. The country would need to put together a cooedinated package of incentives, infrastructure and services that will attract foreign investors. He also cited attitude and culture as playing an important role in the success of these zones.

Getting Ready for Accreditation: Internal Quality Assurance in Teacher Education Institutions in Ghana PDF
Rosemary S. Bosu, Michael Amakyi

The importance of tertiary education cannot be over emphasized. Tertiary institutions provide a nation with varied human capital essential for building and growing the economy of a nation. Human development through the provision of teachers is a valuable role that teacher education tertiary institutions play. The teacher training colleges in Ghana are in the early days of being tertiary institutions. In tertiary institutions where accreditation is required for operation, better education management with emphasis on assuring quality is sine qua non. Quality assurance is pivoted to the continuing operations and success of a tertiary institution.

This paper examined the implications of the transition to tertiary status and the urgency and importance of internal evaluation practices in the colleges of education. The paper also addressed internal quality assurance from total quality management and systems thinking perspectives and identified four pillars as anchoring internal quality assurance: creating quality institutional climate, promoting quality assurance at the departmental level, shifting focus from quality assurance for accountability to quality assurance for improvement and engaging in reflective practice and peer review as major tools to facilitate quality assurance.

Human Capital: Definitions, Approaches and Management Dynamics PDF
Iyere Joseph Alika, Stan Aibieyi

Human capital formed the integral part of this study. The study made effort to highlight the values, importance of human capital to management, individuals and all others interested in the development of their workforce with a view to increasing organization performance.  The approaches as identified and applied in the study, found its root in business economics theory which when effectively applied, has the capacity to act as change agent on employees performance leading to organizational success.

The study also reveals that management principles as embedded in management dynamics can not be ignored by organization that is poised for serious business.

The research results are mainly based on the definitions of human capital and the exposition of its approaches to the understanding of the nature, status and importance of human capital in all facets of life.



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