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List of Tables and Figures vi
I Introduction 1
II Exchange rate policy in Ghana 3
The pre-ERP period 3
The ERP Period 4
III Recent macroeconomic performance 8
Growth in GDP 8
Balance of payments 10
Inflation 11
IV The model 12
The trade sector 13
V Empirical results 16
Aggregate output 16
Sectoral output 17
Trade sector 19
VI Conclusion 22
Appendices 23
1. Developments in the value of the cedi 23
2. Growth of GDP by kind of econofic activity, 1975 prices 24
3. Regression results: Trade sector" 25
4. List of variables 26
Notes 27
References 28
Library of Congress Subject Headings for this publication: Foreign exchange Government policy Ghana, Ghana Economic conditions