IMF Staff Country Reports

Ghana: Background Information on Output and Investment Performance

August 17, 1995

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Ghana: Background Information on Output and Investment Performance, (USA: International Monetary Fund, 1995) accessed November 21, 2024

Summary

This paper examines some factors that may have accounted for the investment and growth performance of Ghana during the past two decades, with special emphasis on the economic recovery program (ERP) period. The paper highlights that Ghana’s growth performance responded well to the liberalization of the exchange and trade regime and the elimination of price controls. Sustained implementation of stabilization policies without reversals was also strongly supportive of growth. However, inflation remained relatively high—at about 25–30 percent—and unpredictable, dampening the incentives for the private sector to save and invest.

Subject: Agricultural sector, Economic sectors, Income, Inflation, National accounts, Prices, Private investment, Public sector

Keywords: Adjustment record, Agricultural sector, Banking system, Capital expenditure, Consumer price index, CR, ERP period, Fiscal policy, Gross investment, Growth performance, Income, Inflation, Inflation rate, ISCR, Living standard, Market forces, Output gap, Per capita income, Poverty line, Private investment, Public enterprise, Public sector, Reform strategy, Sub-Saharan Africa

Publication Details

  • Pages:

    99

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 1995/078

  • Stock No:

    1GHAEA0021995

  • ISBN:

    9781451814804

  • ISSN:

    1934-7685

Notes

This background information on Ghana was Prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.