Ghana: Selected Issues

International Monetary Fund

No 2008/332, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; Ghana; liberalization; monetary policy; inflation expectation; fiscal policy; debt dynamics; inflation reduction; capital flow; overarching development strategy; policy objective; yield curve; investor confidence; Inflation; Capital account liberalization; Inflation targeting; Disinflation; Capital inflows; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 37
Date: 2008-10-09
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