Ghana: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2008 Issue 332

Publication date: October 2008

ISBN: 9781451815009

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Inflation , Money and Monetary Policy , Public Finance , ISCR , CR , Ghana , liberalization , monetary policy , inflation expectation , fiscal policy , debt dynamics , inflation reduction , capital flow , overarching development strategy , policy objective , yield curve , investor confidence , Inflation , Capital account liberalization , Inflation targeting , Disinflation , Capital inflows , Sub-Saharan Africa

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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.