You are here

Festus Ebo Turkson

Education:
PhD (Economics) - University of Nottingham, UK – 2012
M.Phil. (Economics) – University of Ghana -1999
BA (Hons) Economics and Sociology (Combined Major) – University of Ghana- 1996
GCE “A” Levels – Accra Academy -1991
GCE “O” Level – Accra Academy - 1989

Other Education
PhD (Economics) – Coursework @ Harvard University – 2006

Primary Research Focus
Development Economics, Macroeconomics and Finance, Monetary and Financial economics, International Trade policy and Finance, Small and Medium Enterprises Development, Economic Policy Management, Industrial Policy, Managerial Economics and Applied Micro Econometrics

On-Going and recently Completed Research Projects (2016-2022)
• ““TRADE4SD- Fostering the positive linkages between trade and sustainable development”. European Commission project by a consortium Coordinated by BUDAPESTI CORVINUS EGYETEM and including University of Ghana (led by Prof Peter Quartey)- June 2021-May 2025
• ““Development of Financial Products for Micro, Small and Medium Enterprises (MSMEs)” A GEA Project To design and develop Innovative Financial Products for MSMEs and build the capacity of Financial Institutions to offer the innovative and competitive financial services to MSMEs, especially, women led MSMEs. Sept-Nov 2020
• “Soft skills for the Youth in sub-Saharan Africa – the Ghanaian Context” under the project “Boosting Decent Employment for Africa’s Youth”.- An International Development Research Centre (IDRC), INCLUDE and the International Labour Organization (ILO) project-  Funded by IDRC: (2019-2021)
• “Industries Without Smokestacks- The Case of Ghana”- A Brookings Institute Project: (2019-2020)
• “Rethinking Regional Integration in Africa For Inclusive and Sustainable Development”- An AERC Regional Integration Project: (2017-2019)
• “Clusters, Knowledge and Firm Performance: Evidence from Ghana”- A Global Development Network (GDN) Project: (2017-2019)
• The Employment Effects of Different Development Policy Instruments: The Case of Ghana- Swiss Programme for Research on Global Issues for Development –A collaboration with the World Trade Institute, University of Genève, Switzerland; WITS University, South Africa etc. Funding from Swiss Science Foundation and Swiss Agency for Development and Cooperation: (2014-2018)

Courses Taught (Recent)
• Graduate Level Courses

ECON707: Advanced International Economics I   - PhD Economics
ECON708: Advanced International Economics II   - PhD Economics 
ECON702: Advanced Applied Econometrics   -PhD Economics
ECON613: International Economics I    -M. Phil Economics
ECON606: Quantitative Methods II    - M.Phil. Economics
ECON604: Macroeconomics II     -M.Phil. Economics   
EPMP664: Development Economics   -MA Economic Policy Management
EPMP671: Research Methods for Policy   -MA Economic Policy Management
EPMP616: Quantitative Analysis for Policy  - MA Economic Policy Management
MDEF611: International Trade Policies   -MSc. Development Finance 
MDEF624: Finance, Growth and Development  -MSc. Development Finance
MFIN607: Managing International Trade and Finance - Executive MBA (Finance)
IBUS616: Managing International Trade   - MSc. International Business
 
• Undergraduate Level Courses

ECON442: Economic Theory II (Macro)      
ECON 313: Intermediate Macroeconomics I   
ECON 312: Intermediate Macroeconomics II   
ECON 313: Intermediate Macroeconomics II   
ECON 447: International Economics I

PUBLICATIONS
Book Chapters

1. Turkson, F. E., and R. A. Mensah. 2020. "Does Trade Facilitation Promote Bilateral Trade in Sub-Saharan Africa? Policy and Issues, in (Eds),." In Fostering Trade in Africa - Trade Relations, Business Opportunities and Policy Instruments, by G. O. A. Odularu, M. Hassan and M. Babatunde. Advances in African Economics, Social and Political Development, Springer Publications. ISBN/EAN 3030366316 / 9783030366315.

2. Dzeha, G. C. O., J. Y. Abor, F. E. Turkson, and E. K. Agbloyor. 2017. "Do Remittances Matter in Accelerating Labour Productivity and Capital Accumulation?" In Development Finance, by D. Cassimon, & A. Mullineux N. Biekpe, 251-283. Cham: Palgrave Macmillan. ISBN: 978- 3-319-54165-5

3. Quartey, P., B. Owusu-Brown, and F. E. Turkson. 2017. "Monetary Policy and Inflation Management in Ghana: Inflation Targeting and Outcomes. (pp. 88-102)." In The Economy of Ghana Sixty Years After Independence, by E. Aryeetey and R. Kanbur, 88-102. UK: Oxford University. ISBN: 9780198753438.

4. Ackah, C., C. Adjasi, and F. E. Turkson. 2016. "Industrial Policy in Ghana: its Evolution and Impact." In Manufacturing Transformation: Comparative Studies of Industrial Development in Africa and Emerging Asia, by C. Newman, J. Page, J. Rand, A. Shemeles, M. Söderbom and F. Tarp, 50-71. UK: Oxford University Press. ISBN 978–0–19–877698–7

5. Turkson, F. E. 2015. "Integration and Regional Trade in Sub-Saharan Africa. In (Eds.),." In Handbook of Trade and Development, by O. Morrissey, R. Lopez and K. Sharma, 210-231. UK and Northampton, MA. USA: Edward Elgar Publishing Corp. ISBN: 978-1-78100-530- 9

6. Turkson, F. E. 2015. "Trade Costs." In Handbook of Trade and Development, by O. Morrissey, R. Lopez and K. Sharma, 38-61. UK and Northampton, MA. USA: Edward Elgar Publishing Cheltenham. ISBN: 978-1-78100-530- 9.

7. Turkson, F. E. 2014. "Trade Barrier Costs within ECOWAS: Implications for Ghana’s Trade within the Sub-region." In Readings on Key Economic Issues in Ghana, by D. Twerefou, P. Quartey, L. Boakye-Yiadom and W. Baah-Boateng, 191-217. Accra: Digibooks.

8. Turkson, F. E., and W. Baah-Boateng. 2005. "Openness, Income Distribution and Poverty." In Globalization, Employment and Poverty Reduction; A Case Study of Ghana, by E. Aryeetey, Accra. ISSER/ILO. ISBN: 9964-75-050-1.

9. Baah-Boateng, W., and F. E. Turkson. 2005. "Employment." In Globalization, Employment and Poverty Reduction; A Case study of Ghana, by E. Aryeetey. Accra: ISSER/ILO.

10. Baah-Nuakoh, A., F. E. Turkson, K. A. Baah-Nuakoh, and W. Baah-Boateng. 2003. "Growth and Transformation of Small Manufacturing Firms in Africa: Insight from Ghana, Kenya and Zimbabwe (The Ghanaian Case Study)." In African Centre for Economic Growth, by A. Mullei. African Centre for Economic Growth.

Peer-Reviewed Journal Articles
1. Gyeke-Dako, A., E.K. Agbloyor, A.M. Agoba, F.E Turkson and E. Abbey. 2022. “Central Bank Independence, Inflation, and Poverty in Africa”, Journal of Emerging Market Finance, 4/2022.

2. Baah, A. K., G. Dzeha, K. K. Gyan, and F. E. Turkson. 2021. "Debt Capital Structure and Credit Information Sharing: Evidence on Listed Firms from an Emerging Market." Journal of African Business, doi:10.1080/15228916.2020.1745010.

3. Iddrisu, A.G,, and F.E. Turkson.2020. “ Political Business Cycles, Bank Pricing Behaviour and Financial Inclusion in Africa”. Cogent Economics & Finance 8 (1), 1762286.

4. Ackah C. G., F. Agyire-Tettey and F. E Turkson. 2020. “Wood Processing in Ghana” World Bank Report No. 145505, Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/516021580203316152/Wood-Proces....

5. Twerefou, D. K, F. E. Turkson, B. Frimpong-Wiafe, and S.A. Darkwah. 2020. “Do Foreign Financial Inflows Impact on Economic Growth? Evidence From Sub-Saharan Africa”. Studies of Applied Economics 38 (2).

6. Turkson, F. E., A. Gyeke-Dako, and E. Amissah. 2020. "The role of Formal and Informal Finance in the Informal Sector in Ghana." Journal of Small Business and Entrepreneurship. doi:10.1080/08276331.2020.1724002.

7. Twumasi Baffour, P., F. E. Turkson, A. Gyeke-Dako, A. Oduro, and E. Abbey. 2018. "Innovation and Employment in Manufacturing and Service Firms in Ghana." Small Business Economics Journal. doi:10.1007/s11187-018-0120-7 SBEJ-D-18-00194.3

8. Dzeha, G. C. O., F. E. Turkson, E. K. Agbloyor, and J. Y. Abor. 2018. "Total Factor Productivity Growth and Human Development: The Role of Remittances in Africa." African Journal of Economic and Sustainable Development 7 (1): 47 – 72. doi:10.1504/AJESD.

9. Turkson, F. E. 2018. "How Well Does Observable Trade Data Measure Trade Friction Costs? Evidence from Member Countries within the Economic Community of West African States." Journal for African Trade 5: 69-86.

10. Gyeke-Dako, A., E. Agbloyor, F. E. Turkson and P. Twumasi Baffour. 2018. "Financial Development and the Social Cost of Financial Intermediation in Africa”, Journal of African Business. DOI: 10.1080/15228916.2018.1446642.

11. Dzeha, G. C., E. K. Agbloyor, F. E. Turkson, and J. Y. Abor. 2018. "Technical Efficiency and Technical Change in Africa: The Role of Money from the Diasporas." International Journal of Economics and Finance 10 (7) 177.

12. Quartey, P., F. E. Turkson, J. Y. Abor, and A. M. Iddrissu. 2017. "Financing the Growth of SMEs in Africa: What are the Constraints to SME Financing within ECOWAS?" Review of Development Finance 7: 18–28.

13. Twumasi Baffour, P., and F. E. Turkson. 2015. "Selection into Employment Sectors in Urban Ghana and Tanzania: The Role of Education." Research in World Economy 6 (4): 78- 92. doi: http://dx.doi.org/10.5430/rwe.v6n4p78. ISSN 1923-3981.

14. Turkson, F. E., A. Gyeke-Dako, and E. Amissah. 2015. "Foreign Direct Investment Spillovers and the Ghanaian Local Financial Environment." Modern Economy 6: 1078-1089. doi:10.4236/me.2015.610104.

15. Turkson, F. E., C. Ackah, and K. Opoku. 2013. "Measuring Trade Costs in ECOWAS." Modern Economy 56-65. doi:10.4236/me.2013.41007.

16. Ackah, C., F. E. Turkson, and K. Opoku. 2013. "Trade Costs and Intra-Regional Trade Flows in ECOWAS." Journal of West African Integration 1: 1-35.

17. Twerefou, D. K., F. E. Turkson, and S. Darkwah. 2011. "Baseline Study on Compliance of the Ghana Business Code." Journal of Regional Development 3 (1)

18. Turkson, F. E. 2010. "Firm Growth Dynamics in Africa: Evidence from the Manufacturing Sector in Ghana." Journal of Business Research 4 (1): 141-169.

Conference Proceedings
1. Gyeke-Dako, A., E. Agbloyor, and F. E. Turkson. 2018. "Financial Development and the Social Cost of Financial Intermediation in Africa”, , Volume 9 Number 3 April 2018 7th." International Conference on Business & Economic Development. New York, USA: Business and Management Review.

2. Dzeha, G. C., J. Y. Abor, F. E. Turkson, and E. K. Agbloyor. 2015. "Examining Labour Productivity And Capital Accumulation – Impact Of Remittances, The Case Of Africa." Global Development Finance Conference.

Published Peer-Reviewed Research/Working Papers
1. Aryeetey E, P. T. Baffour and F.E. Turkson. 2021.” Employment Creation Potential, Labour Skills Requirements and Skill Gaps for Young People”. AGI Working Paper No.30, Brookings Institution- Washington, June 2021

2. Baffour P.T,, F.E. Turkson, I. Mohammed and W. Abdul Rahaman, 2021. “Intergenerational Mobility in Occupational Choices: Are There Gender Differences in Ghana? WIDER Working Paper 2021/066, Helsinki: UNU- World Institute for Development and Economics Research. ISSN 1798-7237 ISBN 978-92-9230-796-7

3. Quartey, P., F.E. Turkson, E. Abbey, D. Chachu and M. Butu. 2020. “Benefit Cost Ratio (BCR) on Industrialization” Copenhagen Consensus Ghana Priorities

4. Turkson, F.E and P. Baffour. 2020. “Cost Benefit Analysis of Interventions to Improve Learning in Ghanaian Schools: A Comparison Between School Feeding and Teaching at the Right level.” Copenhagen Consensus Ghana Priorities

5. Turkson, F.E and P. Baffour. 2020. “Cost Benefit Analysis of Interventions to Accelerate the End of Double Track System at the SHS Level: Provision of Government Subsidies to Children to Attend Private Schools” Copenhagen Consensus Ghana Priorities

6. Ackah, C. G., K. Agyire-Tettey, and F. E. Turkson. 2019. Clusters, Knowledge and Firm Performance. GDN Paper No. 98, Global Development Network.

7. Gyeke-Dako, A.,, A. Oduro, F. E. Turkson, P. Twumasi Baffour, and E. Abbey. 2017. Ghana's Participation in Global Value Chains: The Employment Effects. R4D Working Paper 2017/5, WTI. https://www.wti.org/media/filer_public/ed/ef/edefaa16-2e4b-4abf-92bb-66c....

8. Abbey, E., A. Gyeke-Dako, A. Oduro, F. E. Turkson, and P. Twumasi Baffour. 2017. The Employment Generating Effects of Exporting: Firm level evidence of Micro, Small and Medium Enterprises (MSMEs) in Ghana,. R4D Working Paper 2017/2, WTI. https://www.wti.org/media/filer_public/a4/cc/a4cc0f39-e663-4d57-a726-bee....

9. Oduro, A., A. Gyeke-Dako, P. Twumasi Baffour, and F. E. Turkson. 2017. Foreign Direct Investment and Technological Upgrading among Manufacturing Firms in Ghana. R4D Working Paper 2017/1, WTI. https://www.wti.org/media/filer_public/f1/3f/f13fa11a-28d2-47f5-a596-146....

10. Gyeke-Dako, A., A. Oduro, F. E. Turkson, P. Twumasi Baffour, and E. Abbey. 2016. The Effect of Technological Innovation on the Quantity and Quality of Employment in Ghana. R4D Working Paper 2016/9, WTI. https://www.wti.org/media/filer_public/5f/8a/5f8a1ae1-afd8-4697-87aa 8bdf5129e120/wp_2016_09.pdf.

11. Gyeke-Dako, A, A. Oduro, F. E. Turkson, P. Twumasi Baffour, and E. Abbey. 2016. Patterns in the Innovative Activities of Ghanaian Manufacturing and Services Firms. R4D Working Paper 2016/8, WTI. https://www.wti.org/media/filer_public/b6/5a/b65a560b-b1b9-48af-b558- a1a23c969f8c/wp_2016_08_innovative_activities_ghana.pdf.

12. Turkson, F. E., A. Gyeke-Dako, A. Oduro, and P. Twumasi Baffour. 2015. Employment Effects of Different Development Policy Instruments: The Case of Ghana”. R4D Working Paper 2015/1, WTI. https://www.wti.org/media/filer_public/a2/ab/a2ab6823-4f1c-4501-aecd-16e... country-paper.pdf.

13. Ackah, C., C. Adjasi, and F. E. Turkson. 2014. Scoping Study on the Evolution of Industry in Ghana. Learning to Compete. Working Paper 18, Washington, DC: Brookings Institution.

14. Ackah, C., C. Adjasi, and F. E. Turkson. 2014. The Evolution of Industry in Ghana. WIDER Working Paper 2014/074, Helsinki: UNU- World Institute for Development and Economics Research. ISSN 1798-7237 ISBN 978-92-9230-796-7

15. Ackah, C., C. Adjasi, F. E. Turkson, and A. Acquah. 2014. Education, Skill and Earnings: Further Evidence from Ghana. WIDER Working Paper 2014/073, Helsinki: UNU-World Institute for Development and Economics Research. ISSN 1798-7237 ISBN 978-92-9230-794-3

16. Turkson, F. E. 2012. Trade Agreements and Bilateral Trade in Sub-Saharan Africa: Estimating the Trade Effects of the EU-ACP PTA and RTAs. CREDIT Research Paper, No. 12/07, Nottingham, UK: The University of Nottingham, Centre for Research in Economic Development and International Trade (CREDIT).

17. Turkson, F. E. 2012. Using Observable Trade Data to Measure Bilateral Trade Costs in Developing Countries: Evidence from Sub-Saharan Africa. CREDIT Research Paper 12/06, Nottingham, UK: The University of Nottingham, Centre for Research in Economic Development and International Trade (CREDIT).

18. Turkson, F. E. 2011. Logistics and Bilateral Exports in Developing Countries: Estimating a Multiplicative Logistics Augmented Gravity Equation. CREDIT Research Paper 11/06, Nottingham, UK: The University of Nottingham, Centre for Research in Economic Development and International Trade (CREDIT).

19. Twerefou, D. K., E. Osei Kwadwo, and F. E. Turkson. 2007. Labor Market Flexibility, Employment and Income Insecurity in Ghana. Vol. Employment Policy Publication 2007/1. Geneva: Employment Policy Series, International Labour Organization. ISBN 97892-2119608-2.

Festus Ebo Turkson
Associate Professor in Economics
M.Phil, PhD (Economics)
Interests: 
Development Economics, Macroeconomics and Finance, Monetary and Financial economics, International Trade policy and Finance, Small and Medium Enterprises Development, Economic Policy Management, Industrial Policy, Managerial Economics and Applied Micro Ec