| Rawlings: poor prospects as he bows out | ||||||
Ghana, it seemed, was doing all the right things. Its sound fiscal and monetary policies were beginning to pay dividends by the mid-1980s, as the country aspired to regional leadership. Under president Jerry Rawlings, the flight lieutenant who seized power in a coup in 1979 and then again in 1981 before being elected president in 1992, Ghana was set on the road to prosperity. Foreign exchange restrictions were lifted, markets were opened up and a privatization programme was implemented.
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