Ghana: Background Information on Output and Investment Performance
August 17, 1995
More Formats on IMF eLibrary
Order a Print CopySummary
This paper examines some factors that may have accounted for the investment and growth performance of Ghana during the past two decades, with special emphasis on the economic recovery program (ERP) period. The paper highlights that Ghana’s growth performance responded well to the liberalization of the exchange and trade regime and the elimination of price controls. Sustained implementation of stabilization policies without reversals was also strongly supportive of growth. However, inflation remained relatively high—at about 25–30 percent—and unpredictable, dampening the incentives for the private sector to save and invest.
Subject: Agricultural sector, Economic sectors, Income, Inflation, National accounts, Prices, Private investment, Public sector
Keywords: adjustment record, Agricultural sector, banking system, capital expenditure, consumer price index, CR, ERP period, fiscal policy, gross investment, growth performance, Income, Inflation, inflation rate, ISCR, living standard, market forces, output gap, per capita income, poverty line, Private investment, public enterprise, Public sector, reform strategy, Sub-Saharan Africa
Pages:
99
Volume:
1995
DOI:
Issue:
078
Series:
Country Report No. 1995/078
Stock No:
1GHAEA0021995
ISBN:
9781451814804
ISSN:
1934-7685
Notes
This background information on Ghana was Prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.
