Statistics & Publication
Staff Working Papers and Policy Briefs
Causal Linkages Among Money, Interest Rate, Price and Output in Ghana: VECM Analysis
Friday, 29 July 2005 00:00
Monetary policy in Ghana (since 1970s) has been focused on bringing down the rate of inflation and promoting savings mobilisation.

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Terms Of Trade And Real Exchange Rate Shocks And Implications For The West African Monetary Zone
Tuesday, 31 May 2005 00:00

In line with the objective of promoting trade within the West African sub region, the West African Clearing House (WACH) was established in 1975 to provide a mechanism that will allow payments for goods and services to be effected through a clearinghouse.

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Does the Stock Market Matter in Ghana? A Granger-Causality Analysis
Tuesday, 31 May 2005 00:00
Lack of long-term investment capital is the major constraint to market growth and development in Ghana. This problem, however, is not restricted to Ghana alone; it is common throughout Sub-Saharan Africa (SSA) and has been traced to the underdevelopment of capital markets, such as stock and security markets, and financial institutions that serve capital markets.

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The Determination of Bank Interest Spreads in Ghana: An Empirical Analysis of Panel Data
Friday, 29 April 2005 00:00
The issue of Bank interest spreads in Ghana has generated considerable public debate recently as the gains of the macro stability have not been translated into significantly
declining interest rate spreads.

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The Pass-Through From Exchange Rate To Domestic Prices In Ghana
Monday, 31 January 2005 00:00
Finding numerical measures of the size and speed of exchange rate pass-through to domestic prices is important for monetary policy especially for small open economies such as Ghana.

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Staff Working Papers and Policy Briefs