Ghana: Adjustment and Growth, 1983-91

ByIshan Kapur, Jerald A Schiff, Michael T. Hadjimichael, Philippe Szymczak, Paul Louis Ceriel Hilbers

March 15, 1991

Summary

The first sub-Saharan African country to pursue broad economic and structural reform - aided by external finance and technical aid - Ghana is an example of adjustment with growth. Ghana's experience, discussed in this paper, illustrates the need for complementary policy actions and the right sequencing and speed of reforms.

Subject: Exchange rate arrangements, Exchange rates, Expenditure, Foreign exchange, Inflation, Prices, Revenue administration

Keywords: adjustment effort, bank assets, exchange rate, Exchange rate arrangements, Exchange rates, Inflation, lessons from Ghana's experience, Middle East, monetary policy reform, OP, policy lesson, reform effort, state enterprise, Sub-Saharan Africa, West Africa

Pages:
76
Volume:
1991
DOI:
https://doi.org/10.5089/9781557751829.084
Issue:
001
Series:
Occasional Paper No. 1991/001
Stock No:
S086EA0000000
ISBN:
9781557751829
ISSN:
0251-6365

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Occasional Papers