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Ghana - Economic memorandum 1967-1968 (Inglês)

The economic memorandum, Ghana 1967-68 was prepared based on the findings of an economic mission that was present in Ghana in November and December of 1967. It was compiled for the Ghana Aid Meeting and was meant to supplement other information provided both by the government of Ghana and the IMF, thus, it might lack certain items of analysis found in a more detailed report. The summary states that the government has over the last two years, enacted a policy bringing Ghana back from an extreme fiscal crisis to a place of eventual economic growth. While the policy has been unpopular, the government’s courage in staying the course has met with a measure of success. Inflation has been brought under control with a program of reduced borrowing, devaluation of the currency, and disciplined austerity. Such a program, while it has not met the government’s hope for investment targets, it has brought Ghana’s balance of payments of situation under control. However, the authorities have slighted agricultural development in favor of industrial development, and the encouragement of foreign imports still has the balance of payments situation in a position where it does constrain the economy. The recommendations of the report suggest that further encouragement of private investment in development projects will continue to allow Ghana to further develop both her industrial and agricultural sectors and avoid economic stagnation. The memorandum then goes into detail about development prospects in the agricultural and industrial sectors, and discusses the 1967/68 development budget. It then goes on to discuss prospects for 1968 in both Ghana’s Import Program and encouraging external financial investment.

Detalhes

  • Data do documento

    1968/02/29

  • TIpo de documento

    Relatório Econômico ou Setorial Pré-2003

  • No. do relatório

    AF72

  • Nº do volume

    1

  • Total Volume(s)

    1

  • País

    Gana,

  • Região

    África,

  • Data de divulgação

    2010/06/12

  • Disclosure Status

    Disclosed

  • Nome do documento

    Ghana - Economic memorandum 1967-1968

  • Palavras-chave

    Central Bureau of Statistics;import program;raw material;balance of payment;cost of living index;imports of investment good;reduction in tax rates;balance of payment data;raw materials for production;real per capita consumption;private investment;Manufacturing;state enterprises;public sector expenditure;gross fixed investment;quality of investment;consumer goods imports;ratio of imports;composition of import;external debt burden;foreign private participation;rural labor force;pace of expansion;rate of growth;propensity to import;total agricultural production;quality of public;Food Price Index;standard of living;Foreign Exchange Reserve;producer price increase;Diversification of Production;public sector investment;import license system;world market price;domestic price level;total debt service;total development budget;share of output;export of goods;agriculture and industry;low cost housing;road maintenance fund;food processing factory;domestic food production;import price index;shortage food;import requirement;private consumption;constant price;Economic Policy;staple food;food crop;food import;domestic output;stabilization effort;stabilization program;resource availability;import policy;statutory corporation;construction material;consumer import;long range;import substitution;petroleum refining;excise tax;external assistance;External Finance;economic sector;timber processing;road transport;prices increase;timber tax;Industrial Policies;reducing import;food supply;domestic production;local food;private saving;import substitute;housing program;existing capacity;state farm;agricultural output;marginal increase;imported materials;capital formation;material imports;external source;cocoa price;Industrial Policy;petroleum import;fishing season;sector programs;farmer response;Disease Control;investment climate;Stabilization policies;investment program;construction programs;increased imports;sugar plantation;import tax;reasonable utilization;public development;export industry;future investment;frozen fish;reserve fund;standby arrangements;surplus food;food assistance;total consumption;industrial investment;severely limits;import finance;manufacturing production;private construction;import increase;productive investment;power requirement;counterpart fund;recurrent budgets;administrative capacity;sectoral breakdown;relief work;emergency measure;proportional increase;fiscal planning;working capital;growth policy;food consumer;water resource;farm mechanization;investment component;Population Growth;budget increase;administrative control;block allocation;short range;long-term growth;suitable alternative;stabilization purpose;capital consumption;high tax;real gdp;restricted import;increasing exports;industrial material;restricting imports;transport equipment;competitive position;rural population;import planning;marketing facility;cocoa farm;private operator;seasonal pattern;storage facility;seasonal price;cocoa production;weather condition;banking system;current expenditure;inflationary financing;economic stabilization;ocean fishing;sound investment;real resource;saving rate;farm labor;urban unemployment;fish imports;electricity distribution;minimum level;export performance;agricultural agency;increased investment;remedial action;price incentive;net capital;private agriculture;domestic supply;manufacturing capacities;public program;public expenditure;budgetary control;long-term finance;external aid;high share;export growth;subsequent years;price change;total output;debt rescheduling;aid inflow;food shortage;imported inputs;construction work;contingency fund;budget development;small industry;investment approvals;industrial sector;budget outcome;market problem;textile industry;consumer durable;security forces;construction sector;license restriction;food marketing;import financing;school book;industry sector;work load;real growth;unemployed labor;local supply;

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