Policy makers in Africa often argue that devaluation leads to inflation. This is undesirable in itself and also because … the inflation mitigates any impact that the nominal devaluation has on the real exchange rate, which is what one hopes to … tests that hypothesis with time series techniques due to Box and Tsiao (1975) using data from Ghana for the period 1974 …

correction methodology, the paper found the exchange rate pass-through into Nigeria's CPI inflation to be incomplete. The long …

Ghana. Unlike the majority of the previous studies, we distinguished the short-run effects of inflation and inflation …Inflation and inflation uncertainty are critical factors influencing the functioning of markets and thus the efficient … flow of economic activities. In this study, we investigated the effects of inflation and inflation uncertainty on growth in …

the case of newly found oil in Ghana we develop a multi-sector intertemporal general equilibrium model with endogenous … savings and investment behavior. Results show that in addition to the well-known short-term Dutch disease effects, long …-term structural effects can indeed impede Asian-style economic transformation in Ghana (and other resource rich countries). We also …

This paper empirically investigates the effect of inflation uncertainty on domestic investment in Ghana. In addition …, it investigates the differential impacts of permanent and transitory inflation uncertainty on investment in Ghana …, hampers domestic investment in Ghana. After disaggregating total inflation uncertainty into two components, this paper finds …

in absolute measures have positive elasticities of inflation; while (2) financial efficiency and size in relative … measures have negative elasticities of inflation. Social implications - This paper helps in providing monetary policy options …

While the relationship between inflation and relative price variability (RPV) has been widely investigated in developed … differently to different inflation regimes across the ECOWAS region, determining the inflation threshold that would minimize the … distortionary impact of expected inflation on RPV in the region. Using the Panel Smooth Transition Regression (PSTR) model over the …

the effect of foreign aid on real exchange rate in Ghana. Contrary to the findings of studies which establish non …-existence of Dutch disease in Ghana, the empirical results of this study reveal otherwise, both in the short-run and long-run. To … mitigate Dutch disease menace in Ghana, it is important that the country utilize its ideal productive capacity to cushion its …

is a potentially important source of inflation in Ghana. Using variance decomposition analyses, it is found that monetary … expansion has been more important in explaining Ghana's actual inflationary process than the exchange rate depreciation. One … policy implication of these findings is that policies that aim at lowering inflation must focus on monetary and exchange rate …

management in Ghana by reducing average inflation rate, boosting average growth rate and dampening the cyclical oscillations in … both output and inflation. We however find a slower pace of disinflation in Ghana, underpinning the high inflation inertia …For over a decade of practicing inflation targeting (IT) strategy, inflation has remained high and persistent while …