The Ghana case has focused many of the controversies around
adjustment in Africa. Ghana has been widely quoted as an example of
successful adjustment in Africa. This has been followed by a
successful adjustment to democracy. What factors have impelled
these changes and how are they to be interpreted? Thisvolume
examines questions such as: what would have been the difference in
performance if adjustment had not been initiated? What is the
actual role of policy changes in determining economic outcomes?
What is the effect of time-lag? What is the relationship between
macroeconomic and microeconomic performance and between
stabilization and adjustment? Ghana has arguably been more
successful with stabilization than with adjustment. In a nuanced
and subtleanalysis, this study finally faces central questions:
success in relation to what? Success from whose point of view?
Published in association with UNRISD Ghana: Woeli Publishing
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