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Ghana: Selected Issues
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2008: Issue 332
Language:
English
Publication Date:
09 Oct 2008
DOI:
https://doi.org/10.5089/9781451815009.002
ISBN:
9781451815009
ISSN:
1934-7685
Pages:
37
Keywords:
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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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund