Foreign Exchange Bureaus in the Economy of Ghana

K.A. Osei

Working Papers from African Economic Research Consortium

Abstract: From 1983, Ghana embarked on an economic recovery programme (ERP), an important feature which was trade and foreign exchange liberalization. This called for a legalization of the black market into foreign exchange (forex) bureaus. This paper looks at the structure of this market, including the major players, the level of activity and availability of currency on the market. The paper also looks at the efficiency of the market.

Keywords: GHANA; EXCHANGE RATE; FINANCIAL MARKET (search for similar items in EconPapers)
JEL-codes: F30 F31 G10 G15 (search for similar items in EconPapers)
Pages: 72 pages
Date: 1996
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:afrirc:45

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