Agyemang, Jacob, Azure, John, Kimani, Danson Kiarie et al. (1 more author) (2023) Governmental Financial Resilience during Pandemics:the case of West Africa. Journal of Public Budgeting, Accounting & Financial Management. ISSN 1096-3367
Abstract
Purpose: The paper examines financial resilience responses/capacities of governments from Liberia, Sierra Leone and Ghana in relation to COVID-19. It highlights the governments' fiscal, budgetary, and actions as either anticipatory or coping mechanisms towards the pandemic. Design/methodology/approach: Multiple case studies and secondary data were used, including: official government documentation/records, expert views, policy publications by supranational organisations and international financial institutions, and media reports. Textual analysis was conducted to evaluate the case countries' resilience. Findings: The paper highlights how governmental budgetary initiatives, including repurposing the manufacturing sector, can sustain businesses, aid social interventions and reduce vulnerability during health crises. In addition, the paper highlights that external borrowing continues to be indispensable in the financial and budgetary initiatives of the case countries. The paper finds that lessons learnt from the Ebola Virus Disease (EVD) in West Africa within the last decade have shaped the anticipatory resilience capacities of the case countries against COVID-19. Originality/value: The paper uses the notion of resilience, the dimensions of the resilience framework and the resource-based view theory (RBV) to unearth resilience patterns. This sort of combined approach is new to financial resilience studies.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2023, Emerald Publishing Limited. This is an author-produced version of the published paper. Uploaded in accordance with the publisher’s self-archiving policy. Further copying may not be permitted; contact the publisher for details. |
Keywords: | COVID-19,Ebola,financial resilience,financial shocks,Ghana,Liberia,Sierra Leone |
Dates: |
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Institution: | The University of York |
Academic Units: | The University of York > Faculty of Social Sciences (York) > The York Management School |
Depositing User: | Pure (York) |
Date Deposited: | 25 Nov 2022 12:50 |
Last Modified: | 02 Apr 2025 23:25 |
Published Version: | https://doi.org/10.1108/JPBAFM-03-2021-0063 |
Status: | Published online |
Refereed: | Yes |
Identification Number: | 10.1108/JPBAFM-03-2021-0063 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:193793 |
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Description: Governmental Financial Resilience during Pandemics--the case of West Africa