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African Economic Outlook 2005

image of African Economic Outlook 2005

The African Economic Outlook, a joint project of the African Development Bank and the OECD Development Centre, is an annual review of the recent economic situation and the likely short-term evolution of selected African countries. 

The analysis is presented on a country-by-country basis using a unique analytical design.  This common framework includes a forecasting exercise for the current and the two following years using a simple macroeconomic model, together with an analysis of the social and political context.  It also contains a comparative synthesis of African country prospects, placing the evolution of African economies in the world economic context.  A statistical appendix completes the volume.

"OECD has prepared a thorough report on the economic situation in Africa."

-Julius Coles, President, Africare

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Ghana

OECD Development Centre

IN ITS ADOPTION OF MARKET-FRIENDLY economics and democratic politics, Ghana has been among the first and most ambitious reformers in Africa. Generally prudent macroeconomic policies and substantial structural reforms have paid off in the form of steady if unspectacular economic growth and lower inflation. The economy remains reliant on cocoa and a few other primary products, although some promising signs of diversification have emerged. Ghana has benefited from...

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