Ghana: Economic Development in a Democratic Environment, Occasional Paper 199 (International Monetary Fund)

Anthony Pellechio
Luisa Zanforlin

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Paperback (83 pages)

Intl Monetary Fund


Editorial Description

In its discussion of the main economic developments and policies in Ghana during 1992–99, Ghana: Economic Development in a Democratic Environment explores the important relationship between participatory democracy and successful economic development. The paper concludes that Ghana—Vision 2020, the country’s national development program that is a collaborative effort among government, social partners, and donors, has taken the country a long way toward middle-income status. The authors urge the next phase of economic reforms to concentrate on the areas with the greatest potential to reduce poverty and generate sustainable economic growth—including agricultural development, trade, the public sector, privatization, and governance.