Dollarization and Its Implications in Ghana
This paper reviews the dollarization and currency substitution literature with special regard to its implications for Ghana. It assesses the significance of dollarization in Ghana relative to the experience of other countries and with regard to evidence of increased use of foreign currency in Ghana. As a result of relaxation of foreign exchange regulations and increased inflation, the move to foreign currency is not entirely unexpected.
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|Date of creation:||1999|
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