Download or read book Inflation Interest Rates and Banking in Ghana written by Nii Kwaku Sowa and published by . This book was released on 1995 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Model for Full Fledged Inflation Targeting and Application to Ghana written by Jihad Dagher and published by International Monetary Fund. This book was released on 2010-01-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: A model in which monetary policy pursues full-fledged inflation targeting adapts well to Ghana. Model features include: endogenous policy credibility; non-linearities in the inflation process; and a policy loss function that aims to minimize the variability of output and the interest rate, as well as deviations of inflation from the long-term low-inflation target. The optimal approach from initial high inflation to the ultimate target is gradual; and transitional inflation-reduction objectives are flexible. Over time, as policy earns credibility, expectations of inflation converge towards the long-run target, the output-inflation variability tradeoff improves, and optimal policy responses to shocks moderate.
Download or read book Inflation and Interest Rate Fixation in Ghana Nii K Sowa CEPA written by and published by . This book was released on with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Interest rate fixation is one of the tools in the arsenal of the Bank of Ghana in its attempt, together with the fiscal authorities, to shape the economic landscape in Ghana. [...] Any link between inflation and interest rates? Inflation is the cost of holding cash while the rate of interest is, crudely, the cost of holding wealth in any other asset. [...] In my opinion, the policy-makers are right in using the year-on-year inflation rate as ONE of the pointers in fixing the policy rate of interest. [...] In his reply to the Bank of Ghana"s rejoinder in the June 2, 2003 issue of the Ghanaian Times, James Akpo shifts the import of his article from the earlier attack on the theoretical underpinning of monetary policy-making to the levels of interest rates. [...] Interest rates as the price of financial capital will be rising the higher the demand for the latter.
Download or read book Interest Rate Liberalization written by Mr.Bart Turtelboom and published by International Monetary Fund. This book was released on 1991-12-01 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper undertakes a survey of theoretical considerations and an analysis of the experience of five African countries with interest rate liberalization. Despite substantial progress in monetary policy reforms, liberalization has only partially affected the level and variability of interest rates. Several factors—macroeconomic instability, oligopolistic financial markets, the absence of developed capital markets, as well as the sequencing of the liberalization programs and the asymmetric availability of information—explain the increase in the spread between lending and deposit rates as well as the rather inflexible pattern of interest rates during the transition to a market-based financial system.
Download or read book Financial Sector Reforms and Bank Performance in Ghana written by T. O. Antwi-Asare and published by . This book was released on 2000 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Monetary Policy Transmission in Ghana written by Arto Kovanen and published by . This book was released on 2011-11-01 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes interest rate pass-through in Ghana. Time series and bank-specific data are utilized to highlight linkages between policy, wholesale market, and retail market interest rates. Our analysis shows that responses to changes in the policy interest rate are gradual in the wholesale market. Prolonged deviation in the interbank interest rate from the prime rate illustrate the challenges the Bank of Ghana faces when targeting a short-term money market interest rate. Asymmetries in the wholesale market adjustment possibly relate to monetary policy signaling, weak policy credibility, and liquidity management. In the retail market, pass-through to deposit and lending interest rates is protracted and incomplete.1
Download or read book Quarterly Projection Model for the Bank of Ghana written by Philip Abradu-Otoo and published by International Monetary Fund. This book was released on 2022-09-02 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper describes the Quarterly Projection Model (QPM) that underlies the Bank of Ghana Forecasting and Policy Analysis System (FPAS). The New Keynesian semi-structural model incorporates the main features of the Ghanaian economy, transmission channels and policy framework, including an inflation targeting central bank and aggregate demand effects of fiscal policy. The shock propagation mechanisms embedded in the calibrated QPM demonstrate its theoretical consistency, while out-of-sample forecasting accuracy validates its empirical robustness. Another important part of the QPM is endogenous policy credibility, which may aggravate policy trade-offs in the model and make it more realistic for developing economies. Historical track record of real time policy analysis and medium-term forecasting conducted with the QPM – as a component of the broader FPAS analytical organization – establishes its critical role in supporting the Bank’s forward-looking monetary policy framework.
Download or read book Monetary Policy on Ghana s Term Structure of Interest Rates written by Edward E. Ghartey and published by . This book was released on 2005 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Monetary and Financial System in a Developing Economy written by S. E. Incoom and published by . This book was released on 1992 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Deficit Financing Inflation and Capital Formation written by Naseem Ahmad and published by . This book was released on 1970 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monograph on deficit financing, inflation and capital formation in Ghana from 1960 to 1965 - covers the balance of payments, monetary policy, etc., and analyses the fact that economic development showed a loss of momentum in this period despite a high rate of public investment. Bibliography pp. 152 to 156 references and statistical tables.
Download or read book Private Saving in Ghana written by Samuel Erasmus Alnaa and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding private saving behavior of the citizenry is crucial for informed policy decisions in an economy. The reason is not far-fetched; economies gain sustained growth from investment through a positive saving culture. However, much of the available literature is on aggregate savings rather than on private saving behavior. This study looks at the combined effects of financial development, interest rates and inflation rates on private saving behavior among Ghanaians. Data for the study were obtained from the World Bank Development Indicators between 1980 and 2019. Johansen's cointegration test was employed, and attempts were made to ascertain the existence of a long-runrelationship among variables using the vector autoregressive (VAR) model. The study confirms a significant positive relationship between private saving behavior and financial sector development. This partly explains the relevance of deepening the financial sector through reductions in costs of performing transactions and initiating contracts to encourage private saving through improved propensity to save by the old and to attract new entrants. A reliance on macroeconomic variables to forecast the behavior of private saving enjoins policy decision makers to consider the implications of their decisions for private saving. Among the recommendations are, lower borrowing costs across the economy, resulting in increased investment and consumption spending, and henceeconomic recovery in times of stagnation.
Download or read book Ghana written by International Monetary Fund and published by International Monetary Fund. This book was released on 1995-08-17 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines some factors that may have accounted for the investment and growth performance of Ghana during the past two decades, with special emphasis on the economic recovery program (ERP) period. The paper highlights that Ghana’s growth performance responded well to the liberalization of the exchange and trade regime and the elimination of price controls. Sustained implementation of stabilization policies without reversals was also strongly supportive of growth. However, inflation remained relatively high—at about 25–30 percent—and unpredictable, dampening the incentives for the private sector to save and invest.
Download or read book Ghana written by Cletus K. Dordunoo and published by . This book was released on 1998 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Quarterly Economic Bulletin written by and published by . This book was released on 2005 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Policy Consistency and Inflation in Ghana written by Nii Kwaku Sowa and published by . This book was released on 1996 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using an error-correction model (ECM), estimates an inflation equation for Ghana. Covers the period from 1984 to 1991.
Download or read book Inflation in Ghana written by E. Oti Boateng and published by . This book was released on 1978 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Soundness Indicators written by International Monetary Fund and published by International Monetary Fund. This book was released on 2006-04-04 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial Soundness Indicators (FSIs) are measures that indicate the current financial health and soundness of a country's financial institutions, and their corporate and household counterparts. FSIs include both aggregated individual institution data and indicators that are representative of the markets in which the financial institutions operate. FSIs are calculated and disseminated for the purpose of supporting macroprudential analysis--the assessment and surveillance of the strengths and vulnerabilities of financial systems--with a view to strengthening financial stability and limiting the likelihood of financial crises. Financial Soundness Indicators: Compilation Guide is intended to give guidance on the concepts, sources, and compilation and dissemination techniques underlying FSIs; to encourage the use and cross-country comparison of these data; and, thereby, to support national and international surveillance of financial systems.
