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 …

This Selected Issues paper reviews trends in GDP and their impact on poverty reduction in Ghana. It highlights … capita growth as set out in the Ghana Poverty Reduction Strategy …

). The Ghanaian financial sector is also confronted by a large number of development challenges. The factual updates of Ghana …

This Selected Issues paper reviews public service reform in Ghana. The paper highlights that a range of public service … reform initiatives have been undertaken in Ghana since the early 1980s. The public service in Ghana is composed of centrally …

sustainability analysis provides a useful quantification of the impact of the shocks experienced on fiscal performance. Ghana …

Since the 2003 Financial Stability Assessment Program (FSAP) update, Ghana’s financial system has undergone rapid …

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 … measures of Ghana’s external competitiveness other than the gap between the actual and the estimated equilibrium REER …

cointegration approach. It finds that labor flows, and notably flows from outside the labor market, are important determinants of …