Article: Ghana: 2000 and beyond.

GHANA, one of the first African countries to gain independence, was the first to pursue intensive economic adjustment. Can it now become the first to accelerate growth and, at the same time, reduce poverty? The dynamic growth in East Asia provides some lessons for Ghana and for countries in sub-Saharan Africa on what needs to be done to remove the pervasive pessimism.

The Ghanaian economy stands at a crossroads. Its adjustment program is one of the most successful in sub-Saharan Africa. Since 1983, a decade of stabilizing policies has yielded broad budget balance, strong export growth, a reasonable external position, and substantial structural reforms, including some ...

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