“Trade and payments liberalization will have implications for employment, economic growth, balance of payments, government budgets and inflation. Experience varies across the continent depending upon the initial conditions before liberalization, structure of the economy, sequencing of the liberalization programme and level of external support. The current research is an attempt to document one such experience.This study examines the experience of the trade and payments liberalization process in Ghana. In particular, it focuses on its effect on the balance of payments, government fiscal position and inflation.”
