Foreign Exchange Bureaus in the Economy of Ghana
AbstractFrom 1983, Ghana embarked on an economic recovery programme (ERP), an important feature which was trade and foreign exchange liberalization. This called for a legalization of the black market into foreign exchange (forex) bureaus. This paper looks at the structure of this market, including the major players, the level of activity and availability of currency on the market. The paper also looks at the efficiency of the market.
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Bibliographic InfoPaper provided by African Economic Research Consortium in its series Papers with number 45.
Length: 72 pages
Date of creation: 1996
Date of revision:
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Postal: African Economic Research Consortum, P.O. Box 62882, Nairobi, Kenya
Phone: (254-2) 228057
Fax: (254-2) 219308
Web page: http://www.aercafrica.org/
More information through EDIRC
GHANA; EXCHANGE RATE; FINANCIAL MARKET;
Find related papers by JEL classification:
- F30 - International Economics - - International Finance - - - General
- F31 - International Economics - - International Finance - - - Foreign Exchange
- G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
- G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
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- Nii K. Sowa & Ivy K. Acquaye, 1999. "Financial and foreign exchange markets liberalization in Ghana," Journal of International Development, John Wiley & Sons, Ltd., vol. 11(3), pages 385-409.
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