IMF Staff Country Reports

Ghana: Selected Issues

Publication Date:

June 19, 2007

Electronic Access:

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Summary:

This Selected Issues paper examines competitiveness and the equilibrium real exchange rate for Ghana. It estimates a behavioral equilibrium exchange rate model for Ghana to establish to what extent real effective exchange rate (REER) movements have been driven by an adjustment to its equilibrium values, consistent with changing fundamentals. The paper discusses measures of Ghana’s external competitiveness other than the gap between the actual and the estimated equilibrium REER. Achievements, challenges, and priorities in the areas of public financial management, wage policy, tax administration, and tax policy are also described in detail.

Series:

Country Report No. 2007/208

Subject:

Budget planning and preparation Commercial banks Exports Financial institutions Foreign exchange Infrastructure International trade National accounts Public financial management (PFM) Real effective exchange rates