have formally adopted inflation targeting, South Africa and Ghana.The analysis is placed in the context of the global …This working paper examines the question of whether inflation targeting monetary policy is an appropriate framework for … sub-Saharan African countries. The paper presents an overview of inflation targeting, reviews the justification for the …

The continuous depreciation of the exchange rate in Ghana has raised concern about its effect on inflation and the … economy at large. This paper examines the threshold effect of exchange rate pass-through (ERPT) on inflation using a monthly … depreciation beyond a monthly threshold of 0.70% has a significant positive pass-through effect on inflation, which gives credence …

Money has only limited information value for future inflation in Ghana over a typical monetary policy implementation … needed to strengthen the credibility of Ghana''s inflation-targeting regime.1 …) are shown to be important predictors of future price changes. Inflation inertia is high and inflation expectations are …