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18 . West Africa<br />

Benin, Burkina Faso, Cabo Verde, Côte d’Ivoire, Gambia, Ghana, Guinea, Guinea-Bissau,<br />

Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, Togo<br />

West Africa<br />

George Essegbey, Nouhou Diaby and Almamy Konte<br />

INTRODUCTION<br />

A drive to achieve middle-income status by 2030<br />

Most West African countries are striving to achieve lower<br />

or upper middle-income status 1 within the next 15 years.<br />

This goal is enshrined in the current development plans and<br />

economic policies of Côte d’Ivoire, Gambia, Ghana, Liberia,<br />

Mali, Senegal and Togo, for instance. Nigeria even plans to<br />

join the world’s top 20 economies by 2020. Yet, for two-thirds<br />

of West African countries, middle-income status remains an<br />

elusive goal: annual GDP per capita remains below US$ 1 045<br />

in all of Benin, Burkina Faso, Gambia, Guinea, Guinea-Bissau,<br />

Liberia, Mali, Niger, Sierra Leone and Togo.<br />

Countries’ development plans tend to have three main<br />

thrusts: wealth creation, greater social equity and more<br />

sustainable development. In their quest for middle-income<br />

status, they are giving priority to improving governance<br />

1. Five countries have already achieved lower middle-income status, namely:<br />

Cabo Verde, Côte d’Ivoire, Ghana, Nigeria and Senegal. The next step will be upper<br />

middle-income status.<br />

practices, creating a more business-friendly climate, stronger<br />

health and agricultural systems, modern infrastructure and a<br />

skilled labour force. These plans reflect a desire to exploit the<br />

resources which form the backbone of their economies in a<br />

more sustainable manner and a determination to diversify<br />

and modernize the economy. None of this will be possible<br />

without a skilled labour force and recourse to science,<br />

technology and innovation (STI).<br />

Strong growth in recent years, despite a series of crises<br />

The Economic Community of West African States (ECOWAS)<br />

has experienced strong economic growth in recent years,<br />

despite a series of crises.<br />

In Mali, a Tuareg rebellion in January 2012 attempted to<br />

establish an independent homeland in the north through an<br />

alliance with jihadist groups. The situation has stabilized since<br />

the government appealed for French intervention in January<br />

2013 but remains fragile. The conflict caused Mali’s economy<br />

to shrink by 0.4% in 2012, after six years of sustained growth<br />

of 5% on average (Figure 18.1).<br />

Figure 18.1: Economic growth in West Africa, 2005–2013 (%)<br />

20<br />

Sierra Leone 20.1<br />

15<br />

10<br />

5<br />

0<br />

9.5<br />

8.7<br />

6.9<br />

6.1<br />

5.9<br />

5.6<br />

4.9<br />

4.5<br />

4.3<br />

3.4<br />

3.0<br />

2.9<br />

1.3<br />

1.2<br />

-0.9<br />

Liberia 11.3<br />

Côte d’Ivoire 8.7<br />

Ghana 7.1<br />

Burkina Faso 6.5<br />

Gambia 5.6<br />

Benin 5.6<br />

Nigeria 5.4<br />

Togo 5.1<br />

Senegal 4.0<br />

Niger 3.9<br />

Guinea 2.5<br />

Mali 2.1<br />

Cabo Verde 0.5<br />

Guinea-Bissau 0.3<br />

-5<br />

% 2005 2006 2007 2008 2009 2010 2011 2012 2013<br />

Chapter 18<br />

Source: World Bank’s World Development Indicators, September 2014.<br />

471

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