IMF Staff Country Reports

Ghana: Selected Issues

October 9, 2008

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Ghana: Selected Issues, (USA: International Monetary Fund, 2008) accessed December 21, 2024

Summary

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.

Subject: Balance of payments, Capital account liberalization, Capital inflows, Disinflation, Inflation, Inflation targeting, Monetary policy, Prices

Keywords: Capital account liberalization, Capital flow, Capital inflows, CR, Debt dynamics, Disinflation, Fiscal policy, Ghana, Inflation, Inflation expectation, Inflation reduction, Inflation targeting, Investor confidence, ISCR, Liberalization, Monetary policy, Overarching development strategy, Policy objective, Sub-Saharan Africa, Yield curve

Publication Details

  • Pages:

    37

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2008/332

  • Stock No:

    1GHAEA2008001

  • ISBN:

    9781451815009

  • ISSN:

    1934-7685