Ghana: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2007 Issue 208

Publication date: June 2007

ISBN: 9781451814972

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Business and Economics , Banks and Banking , Finance , Labor , Public Finance , ISCR , CR , Ghana , IMF staff estimate , credit growth , GDP ratio , SSA country data , wage bill , credit to GDP , Real effective exchange rates , Infrastructure , Commercial banks , Exports , Sub-Saharan Africa , Africa , East Asia , Central and Eastern Europe

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Summary

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 have been driven by an adjustment to its equilibrium values, consistent with changing fundamentals. The paper discusses measures of Ghana’s external competitiveness other than the gap between the actual and the estimated equilibrium REER. Achievements, challenges, and priorities in the areas of public financial management, wage policy, tax administration, and tax policy are also described in detail.