@article{Asuming-Brempong:11015,
      recid = {11015},
      author = {Asuming-Brempong, Samuel},
      title = {GHANA: EXCHANGE RATE REFORMS AND THE REAL EXCHANGE RATE},
      address = {1998},
      number = {1097-2016-88638},
      series = {Graduate Research Master's Degree Plan B Papers},
      pages = {64},
      year = {1998},
      abstract = {The dual purpose of the exchange rate (the price of a unit  of foreign currency) as a means of allocating scarce  foreign currency among competing uses and an important  determinant of income distribution through its influence on  the returns to those who produce or consume treadables,  makes it a prime target as a policy tool, as has been  experienced in Ghana. This paper addresses issues of  exchange rate management in Ghana in both the pre- and  post-independence periods, and how these have affected both  micro and macro economic variables. It provides an overview  of exchange rate reforms in Ghana over the period since  Ghana attained independence from Britain in 1957; and  investigates the factors that are most important in  determining the real exchange rate in Ghana. The paper  finds current transfers and real money supply to be very  important in determining Ghana's real exchange rate, inter  alia. In terms of policy, it finds that nominal exchange  rate reform by itself alone is not a panacea for addressing  distortions in an economy and promoting economic growth.},
      url = {http://ageconsearch.umn.edu/record/11015},
      doi = {https://doi.org/10.22004/ag.econ.11015},
}