Structural Adjustment Policies in Ghana

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Other Title
  • ガーナにおける構造調整政策
  • ガーナにおける構造調整政策--構造調整は何に成功したか
  • ガーナ ニ オケル コウゾウ チョウセイ セイサク コウゾウ チョウセイ ワ
  • An Evaluation
  • 構造調整は何に成功したか

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Since her independence in 1957, Ghana has suffered from the prolonged stagnation and the deterioration of the economy up to early 1980s, when she introduced a wide range of economic reforms with the assistance of the IMF and the World Bank. Since the implementation of so-called structural adjustment policies in 1983, Ghana has maintained annual growth rate of GDP at about 5% and showed strong recovery in most sectors of her economy. Now Ghana is often referred to as a model case of structural adjustment policies in Africa for this success.<br>It should be remembered, however, that various loans are provided by the IMF or/and the World Bank only when governments agree to implement structural adjustment policies. While such aids are dependent upon and closely connected with certain kinds of economic policies, the effect of the economic policies per se and that of these aids have to be distinguished. In this regard, this paper aims at clarifying the real effect of the structural adjustment policies in Ghana by examining the effect of major economic policies before and after adjustment.

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