Monetary Policy and Financial Sector Reform in Africa

Download or read book Monetary Policy and Financial Sector Reform in Africa written by Mahamudu Bawumia and published by CreateSpace. This book was released on 2010 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ghana has a reputation as a trailblazer in sub-Saharan Africa in many areas including monetary policy and financial sector reform. This book provides a detailed and chronological account of monetary policy and financial sector reform in Ghana since independence in 1957 in the context of developments in the international monetary system through the Great Depression, the Bretton Woods System, the Washington Consensus, Structural Adjustment, HIPC, and the recent global financial crisis. What informed the choices of the different monetary policy regimes and reforms? What was the role of the political economy? What was the impact of the different monetary regimes and financial sector reforms on the performance of Ghana's economy? The book examines these issues and draws lessons for other African and developing economies.