Ghana: Adjustment and Growth, 1983-91

Ishan Kapur, Jerald Schiff, Michael Hadjimichael, Philippe Szymczak and Paul Hilbers

No 1991/001, IMF Occasional Papers from International Monetary Fund

Abstract: 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.

Keywords: OP; state enterprise; exchange rate; reform effort; adjustment effort; lessons from Ghana's experience; policy lesson; bank assets; Exchange rates; Inflation; Sub-Saharan Africa; Middle East; West Africa; monetary policy reform; Exchange rate arrangements (search for similar items in EconPapers)
Pages: 76
Date: 1991-03-15
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