Ghana: Selected Issues
Electronic Access:
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Summary:
This Selected Issues paper on Ghana shows that as a small, open low-income economy, the country faces several major challenges in its conduct of disinflation policy. Ghana has historically experienced volatile and often high inflation rates. The paper also presents a model that recognizes difficulties being faced by Ghana, among them less-than-perfect credibility of announcements of inflation reduction and policymaker aversion both to movements of output from its potential level and to variability in the interest rate.
Series:
Country Report No. 2008/332
Subject:
Balance of payments Capital account liberalization Capital inflows Disinflation Inflation Inflation targeting Monetary policy Prices
English
Publication Date:
October 9, 2008
ISBN/ISSN:
9781451815009/1934-7685
Stock No:
1GHAEA2008001
Pages:
37
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