GHANA: A framework for progress

Ghana has built a framework to enable economic takeoff. But sufficient investment is still lacking and development has now been further hampered by an energy shortage. By Christina Katsouris and Philip Eade

A SUPPLEMENT TO EUROMONEY/APRIL 1998: GHANA – THE SEARCH FOR INVESTMENT

Ghana’s economic strategists are fighting hard to regain credibility after almost four years of drift and slippage. They are having some success. The IMF, having acknowledged that underlying fiscal performance is improving and inflation is coming down, has again given its backing – a key signal to other donors and investors.

US president Bill Clinton’s decision to kick off his 11-day African tour with a visit to Ghana on March 23 was another plus point.

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