Ghana: Selected Issues

Publication Date:

October 9, 2008

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:

English

Publication Date:

October 9, 2008

ISBN/ISSN:

9781451815009/1934-7685

Stock No:

1GHAEA2008001

Pages:

37

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