Impact of GIMPA’s economic programmes on society, markets
The future of the world is intricately connected to economics.
In today’s global society, people are building bridges in an interconnected way.
In the context of globalisation, economics plays a crucial role in understanding the circular flow of commodities and capital across borders.
Being a global citizen and, more significantly, leading a fulfilling life, requires an understanding of economics.
To make informed decisions about daily activities, evaluate risk and grasp the complexities of the world around us, economics is the go-to discipline.
Contrary to popular belief, economics is not a quantitative technical field exclusive to mathematicians.
Instead of running away from economics, graduates from a variety of fields can enhance their lives by learning a few analytical skills from the field of economics.
The principles and concepts of economics are integral to everyday life, society and human well-being.
Economics will empower you to gain a deeper understanding of how markets function.
Economics is a versatile field that opens doors to multiple career paths in the global economy.
An economics degree gives the competitive edge in life—a better career, a happy family—and is respected by employers across all fields.
There is no real-world issue that economics doesn’t address.
Whether you’re interested in business, politics or simply want to be a good citizen, a degree in economics can benefit you a lot. Choose a master’s career in economics.
Programmes
The programmes offered by the GIMPA Economics Department of the School of Technology and Social Sciences (SOTSS) are industry-driven programmes aimed at advancing the Ghanaian economy.
For example, the MSC programme in Economic Policy teaches students the fundamentals of economic theory and how to use them to understand Ghanaian policy issues.
The MSc in Energy Economics programme encourages students to understand the tripartite balance between social development, economic progress and environmental imperatives.
MSc Financial Economics offers valuable perspectives on private sector growth and investment, promoting economic diversification in Ghana and the sub-region.
Through these programmes, students develop innovative business ideas, contributing to job creation and economic growth in Ghana. Students who complete a trimester course in International Economics gain an understanding of the dynamics of the global economy and learn how to advise on trade policy and international economic connections between Ghana and other countries.
Econometrics and quantitative methods equip students with skills to collect, analyse and interpret economic datasets effectively. Overall, our programmes offer cutting-edge training on business, energy and institutional economics.
To promote economic development within the 24-hour economic ambience, the government of Ghana can draw from a pool of highly skilled people whom we train in the economics department.
Why economics ?
While other disciplines may gather dust, economics is the golden thread woven through the fabric of industry. In powerful boardrooms, economics is the favourite child and remains the lingua franca of African businesses.
According to the World Bank, African economies are projected to grow by more than five per cent in 2026, with East Africa leading as the fastest-growing region.
Egypt leads all African nations in terms of industry growth, followed by Morocco, South Africa and Nigeria. For Ghanaian industries to keep up with these growth trends and competitiveness, they need economics to help them develop strategic partnerships for excellence.
The knowledge of economics is not only highly valuable in determining the best way to improve the financial performance of local firms, but also supports them in improving investment decisions in both the short term and long run.
Economics provides managers with modern tools to analyse costs, benefits and risks, enabling businesses to make data-driven decisions.
Economics also supports companies in understanding market dynamics and how consumer behaviour and competition drive business success in the 21st century.
When it comes to addressing the hard questions of resource management in industrial landscapes, economics teaches the most efficient resource allocation strategies, crucial for maximising profits and minimising waste.
Beyond this, economic models are the best tools for forecasting market trends and risk management.
These applications make economics a fundamental discipline in driving business success in the year 2026.
The writer is the Head of Department,
Economics and Applied Mathematics,
GIMPA.
