AN Overview of Dr Bawumia's Book on Ghana's Economy

The book inter alia  undertakes an in-depth review of Ghana’s monetary policy regimes since independence: Direct Controls, Monetary Targeting,  and Inflation Targeting under different governments (including Nkrumah, NLC, Busia, Acheampong, Rawlings, Kufuor). Financial sector development and reforms that have taken place alongside the monetary policy regimes are also placed under the microscope. These include regulatory and legal reforms, capital market and money market reforms, banking reforms, currency redenomination, reforms, payment system reform, rural banking reforms, and Ghana’s debut sovereign bond issue. Why were these monetary policy regimes and financial sector reforms adopted? What role did the political economy play in the reforms and outcomes? What was the impact of the different monetary regimes and financial sector reforms on the performance of Ghana’s economy? more >>>

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