African Review of Economics and Finance (AREF)

  • The African Review of Economics and Finance (AREF) is the official journal of the African Finance and Economics Consult (AFEC). The journal acknowledges that the word 'economics' is plural and all economies are positioned, situated, and embedded in particular societies. Therefore, how the economy is studied must necessarily be plural. From this perspective, the journal welcomes high quality articles in theoretical and empirical economics, be they orthodox, heterodox, or economics as an interdisciplinary social science, with special emphasis on African economies and/or how they relate to other economies in Africa or the rest of the world. There is no limit on the topics of interest. Contributions can be either innovation in economic theory or rigorous new applications of existing theory in areas such as behavioural economics and decision theory, game theory, general equilibrium theory, contract theory, public finance, financial economics, industrial organisation, labour economics, political economy of development, urban and regional political economy, and agrarian political economy.

    At the same time AREF publishes papers of high quality dealing with the confrontation of relevant economic theory with observed data through the use of adequate econometric and transdisciplinary methods. Empirical papers may cover topics such as estimation of established relationships between economic variables, testing of hypotheses derived from economic theory, policy evaluation, simulation, forecasting, econometric methods and measurement.

    As a general interest journal, AREF emphasizes the replicability of empirical results or transparency of method where papers are qualitative in orientation and may not be replicable. Replication studies of important results in the literature - both with positive or negative results - may be published as short papers in AREF. Authors are expected to make available their data set in case readers, editors or referees should want to replicate results reported in submitted contributions. AREF also welcomes book reviews, and special issues of international conferences and workshops.

  • A potentially publishable paper in AREF should meet the following criteria:

    • The motivation for the paper should be clear and compelling. Typically the motivation will include a clearly specified research question and a statement as to why this question is interesting. However, a paper whose primary motivation is to synthesize or even survey earlier work might also be publishable.
    • The analysis in the paper should be correct and should be appropriately rigorous given the research question.
    • The paper must be sufficiently original to warrant publication. Typically, this originality arises from new theoretical results or new empirical findings, but it may arise from new interpretation or synthesis of known material
    • The paper should be well written. In particular, the logical structure of the paper should be clear, and the paper should be relatively free from errors of grammar and usage.

    AREF distinguishes itself as the number one journal in Africa and leading platform for engaging critically on matters of developmental concern. Authors of submitted papers will normally hear back from AREF within 6 weeks of submission or less. Invitations to revise and resubmit present choices and ideas, not mandates (limited exceptions).

  • The African Review of Economics and Finance is a globally revered peer-reviewed, scholarly publication featuring articles, review essays and book reviews. In particular, the journal favours articles with theoretical and empirical results that have important implications for the understanding of African economies and other regions of the world, including but not limited to foreign exchange markets, real estate markets, balance of payments, environment, financial markets and institutions, asset pricing, forecasting, impact of culture and institutions on growth and development. The journal is published twice a year. All papers submitted to the journal are double blind reviewed. The principal criteria of acceptance are originality, rigour, practical relevance, and quality. Submitted articles should be well written and free of spelling and grammar errors. Only original articles that are not under consideration for any other publication are considered for publication.

      Post Title

      Prof. Imhotep Paul Alagidede /

      Paul Alagidede is a Professor of Finance at the University of the Witwatersrand, and the Executive Director of the African Finance Consult. He obtained his bachelor's degree in Economics and History from the Kwame Nkrumah University of Science and Technology, a master's degree with distinction in Economics and Finance and a PhD in Economics from Loughborough University, UK.

      He is the founding editor-in-chief of the African Review of Economics and Finance, the Ghanaian Journal of Economics, and the managing editor of the Journal of African Political Economy and Development. Paul has published widely in the International Review of Financial Analysis, Review of Financial Economics, Quarterly Journal of Economics and Finance and Economics Letters. His research interest covers financial markets, public sector and development macroeconomics.

    • EDITOR
      Post Title

      Dr. Franklin Obeng-Odoom

      Franklin Obeng-Odoom is a Senior Lecturer in Property Economics at the School of Built Environment and a member of the Asia Pacific Centre for Complex Real Property Rights at the University of Technology Sydney. His research interests are centred on the political economy of development, cities and natural resources.

      Franklin's books include Oiling the Urban Economy: Land, Labour, Capital, and the State in Sekondi-Takoradi, Ghana (Routledge, London) and Reconstructing Urban Economics: Towards a Political Economy of the Built Environment (Zed, London). He is the Editor of African Review of Economics and Finance. He holds a PhD (Political Economy) from the University of Sydney, M.Sc (Urban Economy) from the University College of London and. BSc (Land Economy) from KNUST

      Post Title

      Dr. George M. Bob-Milliar /

      Dr. George M. Bob-Milliar is a Senior Lecturer, and Head of Department of History and Political Studies, Kwame Nkrumah University of Science and Technology, Kumasi, Ghana. He holds a Ph.D. in African Studies, with specialization in politics and development. His research interests include comparative politics, African politics, Ghanaian political history, political economy of development, democratic theory, political culture, qualitative methods, African Diaspora Studies and Informal institutions.

      He has been visiting fellow at Cambridge University, Makerere University, and the Danish Institute for International Studies. He is the Editor-in-Chief of the Journal of African Political Economy and Development

      Post Title

      Dr. George Adu /

      Dr. George Adu is a seasoned researcher, international consultant and policy analyst. He is currently a senior lecturer of economics at the Kwame Nkrumah University of Science and Technology where he lectures and supervises at the graduate and undergraduate levels.

      He has wide range of consultancy experience in climate change, clean energy, public finance and structural transformation, and has consulted for the United Nations, the African Economic Research Consortium, the World Bank, Bank of Ghana and the Environmental Protection Agency. George has MA in Economics from the Kwame Nkrumah University of Science and Technology, MSc in Economics from Umea University and PhD in Economics from the Swedish University of Agricultural Sciences, Sweden.

      Post Title

      Dr. Gideon Boako

      Dr. Gideon Boako is a lecturer in finance at the Kwame Nkumah University of Science and Technology and a Technical Economic Adviser to the Vice President of the Republic of Ghana. He has MSc and MBA in Finance from the Kwame Nkrumah University of Science and Technology, and a PhD in Finance from the University of the Witwatersrand.

      Dr. Boako is self-motivated individual with strong commitment to advance knowledge through teaching and research in competitive environments. He is very skilled advanced econometrics. He has strong organisational and analytical skills and his approach to modelling, forecasting and instilling knowledge is second to none. Gideon has published widely in leading international peer reviewed journals

      Prof. Collins G. Ntim

      Southampton Business School, University of Southampton, Southampton, UK.


      Dr. Ferdi Botha

      Department of Economics, Rhodes University, Grahamstown 6140, South Africa.



      Prof Augustin K. Fosu, ISSER, University of Ghana, Ghana

      Prof. Waaseem Mina, United Arab Emirates University, UAE

      Prof Yaw Debra, Swansea University, UK

      Prof. Gavin Keeton, Rhodes University, South Africa

      Prof Kalu Ojah, University of the Witwatersrand, South Africa

      Prof. Felix O. Ayadi, Texas Southern University, USA

      Prof. Samuel Laryea, University of the Witwatersrand, South Africa

      Prof. Komla Tsey, James Cook University, Australia

      Prof. Emeritus John Weeks, SOAS, University of London, UK

      Dr. Kenneth Soyeh, University of Wisconsin Whitewater, USA

      Dr. Nana Akua Anyidoho, ISSER, University of Ghana, Ghana

      Dr. Alice Nicole Sindzingre, National Centre for Scientific Research, EconomiX, France

      Dr. Theodore Panagiotidis, University of Macedonia, Greece

      Dr. Hassan A. Ahmad, Loughborough University, UK

      Dr. Simeon Coleman, Loughborough University, UK

      Dr. Renee Horne, University of the Witwatersrand, South Africa

      Dr. Raymond Talinbe Abdulai, Liverpool John Moores University, UK

      Dr. Zeremariam Fre, UCL, University of London, UK

      Dr. Koen Smet, WU Vienna, Austria

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