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A modelling of Ghanas inflation experience- 1960-2003

  • Type:Project
  • Pages:42
  • Format:Microsoft Word
(Banking and Finance Project Topics & Materials)

The study sought to ascertain the key determinants of inflation in Ghana for the past 40 years. Stylized facts about Ghana’s inflation experience indicate that since the country’s exit from the West African Currency Board soon after independence, inflation management has been ineffective despite two decades of vigorous reforms. Using the Johansen cointegration test and an error correction model, the paper identified inflation inertia changes in money and changes in Government of Ghana treasury bill rates, as well as changes in the exchange rate, as determinants of inflation in the short run. Of these inflation inertia is the dominant determinant of inflation in Ghana. It is therefores suggestedthat to make treasury bill rates more effective as a nominal anchor, inflationaryexpectations ought to be reduced considerably

A modelling of Ghanas inflation experience- 1960-2003

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Details

Type Project
Department Banking and Finance
Project ID BFN1190
Price ₦3,000 ($9)
No of Pages 42 Pages
Format Microsoft Word

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    Details

    Type Project
    Department Banking and Finance
    Project ID BFN1190
    Price ₦3,000 ($9)
    No of Pages 42 Pages
    Format Microsoft Word

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