African Review of Economics and Finance: Editorial Policies

The AJOL site is currently undergoing a major upgrade, and there will temporarily be some restrictions to the available functionality.
-- Users will not be able to register or log in during this period.
-- Full text (PDF) downloads of Open Access journal articles will be available as always.
-- Full text (PDF) downloads of subscription based journal articles will NOT be available
We apologise for any inconvenience caused. Please check back soon, as we will revert to usual policy as soon as possible.

Focus and Scope

The African Review of Economics and Finance (AREF) is the official journal of the African Review of Economics and Finance Consult (AREF Consult). The journal welcomes high quality articles in theoretical and empirical economics, with special emphasis on African economies. Theoretical contributions can be either innovation in economic theory or rigorous new applications of existing theory. Pure theory papers include, but are by no means limited to, those in behavioural economics and decision theory, game theory, general equilibrium theory, contract theory, public finance, financial economics, industrial organisation, labour economics, development theory and the theory of economic mechanisms.

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 methods. Empirical papers cover topics such as estimation of established relationships between economic variables, testing of hypotheses derived from economic theory, policy evaluation, simulation, forecasting, methodology, econometric methods and measurement.

As a general interest journal, AREF emphasizes the replicability of empirical results. 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.


Section Policies


Checked Open Submissions Checked Indexed Checked Peer Reviewed

Peer Review Process

The main features of the African Review of Economics and Finance are the following: High Quality Contributions and Double Blind Refereeing Process. This implies that articles accepted for publication in the journal will be in accord with high methodological standards involving the sophisticated use of economic reasoning, use of appropriate statistical techniques, and thorough analyses of data. All manuscripts shall be subject to an editorial pre-screening process to assess suitability for the journal. Subject to the pre-screening, manuscripts shall be processed in a single anonymous peer review system, using independent expert referees. Final responsibility for the selection and acceptance of articles rests with the Editors. Submission of an article to the journal indicates formal acceptance by the author(s) of these peer review conditions and procedures.


Publication Frequency

2 Issues per year, 1 volume per year.


Editorial Board & Associate Editors


Prof. Imhotep P. Alagidede

Wits Business School, University of the Witwatersrand, 2 St David’s Place, Parktown, Johannesburg. South Africa. Email: or



Prof. Franklin Obeng-Odoom

Faculty of Social Sciences, Department of Political Economy, University of Helsinki, Unioninkatu 37, Helsinki, Finland.  Email:


Associate Editors

Prof. Collins G. Ntim

Department of Accounting and Finance, University of Southampton, Business School, United Kingdom. Email:

Dr. Ferdi Botha

Melbourne Institute of Applied Economic and Social Research, University of Melbourne, Victoria 3100, Australia. Email:

Dr. Jones Odei Mensah

Wits Business School, University of the Witwatersrand, 2 St David’s Place, Parktown, Johannesburg., South Africa. Email:

Dr. Muazu Ibrahim

School of Business and Law, Department of Banking and Finance, University for Development Studies, Wa, Ghana. Email: or

Dr. Gideon Boako

Office of the Vice President, Republic of Ghana, Jubilee House, Accra, Ghana.


International Advisory Board

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

Prof. Ingrid Woolard, University of Stellenbosch, South Africa

Prof. Waaseem Mina, United Arab Emirates University, UAE

Prof. Theodore Panagiotidis, University of Macedonia, Greece

Prof. Yaw Debra, Swansea University, UK

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

Prof. Caroline Hossein , York University, Canada

Prof. Ravi Kanbur, Cornell University, USA

Prof. Abdallah Zouache, Sciences Po, France

Dr. Kenneth Soyeh, College of Charleston, USA

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

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

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. Nathanael Ojong, Tyndale University, Canada

Dr. Wadjamsse B. Djezou , University of Bouake, Cote d'Ivoire

Dr. Simplice Asongu, University of Buea, Cameroon

Dr. Koen Smet, WU Vienna, Austria

ISSN: 2042-1478
AJOL African Journals Online