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Foltz and Opoku-Agyemang assess the impact of this salary reform using a difference-in-difference analysis taking advantage of the exogenous change induced by the policy. [ 13 ] While police officers' wages doubled, the salaries of other civil servants in Ghana and police officers in Burkina Faso stayed the same.
Change management is faced with the fundamental difficulties of integration and navigation, and human factors. [citation needed] Change management must also take into account the human aspect where emotions and how they are handled play a significant role in implementing change successfully. [citation needed]
The Ghana banking crisis was a severe banking crisis that affected Ghana between August 2017 and January 2020. The Bank of Ghana (BoG) allowed several indigenous banks to be taken over by private companies between August 2017 and January 2019 after Nana Akufo-Addo was elected president in December 2016.
It was established as a public university by an Act of Parliament in 2004. The institute was established in 1961 by the Government of Ghana with assistance from the United Nations Special Fund Project and was initially called the Institute of Public Administration, intended as a specialist training graduate school for civil servants in Ghana. [4]
In part because Nigeria's military had accomplished a coup of its own in January 1966, regime change in Ghana did not come as a complete shock. [26] Under new leadership, groups like the Trades Union Congress and the Ghana Young Pioneers (shortly before they were disbanded) celebrated the coup and renounced Nkrumaist socialism. [ 27 ]
A common policy required in structural adjustment is the privatization of state-owned industries and resources. This policy aims to increase efficiency and investment and to decrease state spending. State-owned resources are to be sold whether they generate a fiscal profit or not. [50]
Moreover, economic restructuring requires decentralization as states hand down power to local governments. Where the federal government focuses on mainly warfare-welfare concerns, local governments focus on productivity. Urban policy reflects this market-oriented shift from once supporting government functions to now endorsing businesses. [16] [17]
Turnaround management does not only apply to distressed companies, it, in fact, can help in any situation where direction, strategy or a general change of the ways of working needs to be implemented. Therefore, turnaround management is closely related to change management, transformation management and post-merger-integration management.