Ghana suited to inflation targeting: IMF paper
The Bank of Ghana's 2007 entry into inflation targeting has shown how well the country is suited to the system, according to research published by the International Monetary Fund (IMF) in early January.
The paper constructs a model for full-fledged inflation targeting in Ghana and finds that the method applies well to the west African country's economy.
The authors acknowledge that monetary policy in emerging market economies faces difficulties in controlling inflation due to credibility
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