Ghana: Selected Issues

International Monetary Fund

No 2007/208, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper examines competitiveness and the equilibrium real exchange rate for Ghana. It estimates a behavioral equilibrium exchange rate model for Ghana to establish to what extent real effective exchange rate (REER) movements have been driven by an adjustment to its equilibrium values, consistent with changing fundamentals. The paper discusses measures of Ghana’s external competitiveness other than the gap between the actual and the estimated equilibrium REER. Achievements, challenges, and priorities in the areas of public financial management, wage policy, tax administration, and tax policy are also described in detail.

Keywords: ISCR; CR; Ghana; IMF staff estimate; credit growth; GDP ratio; SSA country data; wage bill; credit to GDP; Real effective exchange rates; Infrastructure; Commercial banks; Exports; Sub-Saharan Africa; Africa; East Asia; Central and Eastern Europe (search for similar items in EconPapers)
Pages: 95
Date: 2007-06-19
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Citations: View citations in EconPapers (2)

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