European Parliament Library

Ghana :, Selected Issues

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
Table Of Contents
Cover; Contents; I. Inflation Forecast Targeting in a Low Income Country: The Case of Ghana; A. Introduction; B. Recent Inflation Trends in Ghana; C. Standard Model; D. Model for Disinflation under Inflation Forecast Targeting; E. Simulation Results: Dynamic Responses to Shocks; Baseline-Disinflation under Imperfect Credibility; Disinflation under Perfect Credibility; Supply Shock; Demand Shock; Costs of Delaying Interest Rate Increase under Imperfect Credibility; F. Recommendations for Ghana; G. Conclusions; References; Appendices; I. The Standard Model; II. The Model
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (39 p.)
Specific Material Designation
Form Of Item

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