Research Topic: Assessing the impact of the Millinium Challenge Account(MCA) in reducing poverty. A case study of the Millinium Development Authority(MiDA) in Ghana.
The growing gap between the developed and developing countries has dominated international relations for a long time.
This gap has led to capital inflow in the form of Foreign Aid from the developed countries to developing countries.
The goal is mainly to help developing countries overcome their problems and reduce the gap.
However, there is growing evidence that decades of foreign aid have done very little in changing the destinies of many African states.
Estimates suggest that the West has spent about $600 billion on foreign aid to Africa so far (Akonor, 2008) yet underdevelopment is widespread.
Donor governments and aid agencies have now realized that their many different approaches and requirements are imposing huge costs on developing countries and making aid less effective.
Thus the 2005 Paris Declaration on Aid Effectiveness outlined 5 major areas:
- country ownership,
- donor harmonization,
- alignment to recipients’ national development strategies,
- managing for results,
- mutual accountability.
The Millennium Challenge Corporation (MCC) is thus a new aid delivery concept, established in early 2004 by the Bush administration to respond to new shift in aid administration.
In August 1, 2006, Ghana was selected as a beneficiary of the compact
Subsequently Ghana signed a five-year, $547 million anti-poverty compact with the MCC.
The goal of the compact was to reduce poverty through economic growth being led by agricultural transformation, rural development and improved transportation infrastructure.
Fundamentally, the research intends to focus on the actual performance of the compact in Ghana on the basis of:
enhancing the socio-economic transformation of the country through
reduction of poverty and raising the standards of living of the affected people.
Economic Policy PRIMARY
Energy and Natural Resource Policy SECONDARY
Urban Public Policy
Policy Process Theory SECONDARY
Policy Analysis and Evaluation PRIMARY
FOREIGN POLICY ANALYSIS
POLITICS OF INEQUALITY
HIGHER EDUCATION POLICY