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연구정보

[경제] Ghana and the IMF: Policy shifts, economic bailouts and macroeconomic outcomes

가나 국외연구자료 연구보고서 - Journal of Policy Modeling 발간일 : 2024-08-25 등록일 : 2024-09-12 원문링크

Ghana has a long history of engagement with the IMF. Successive governments of Ghana have sought economic bailouts from the IMF due to worsening domestic macroeconomic stability. This paper examines Ghana’s historical engagement with the IMF and the associated macroeconomic outcomes, and offers lessons for economic restructuring and growth beyond the bailouts. The paper explores the common patterns of the key macroeconomic variables and possible latent causal effects. The results reveal intermittent and short-term effects of the IMF programs. The bailouts often have a short-term impact on macroeconomic stability and growth, but the effects are unsustainable in the long term, especially after the IMF program ends.

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