Inflation appears to be the macro-problem in Ghana for which no antidote has been found under the economic recovery programme. It is possible that either a wrong diagnosis has been made of the problem, or that certain factors within the economy are preventing inflation from staying within target levels. Using an error-correction model (ECM), the paper estimates an inflation equation for Ghana.
E30 - Prices, Business Fluctuations, and Cycles. General ; E31 - Price Level; Inflation; Deflation ; O50 - Economywide Country Studies. General ; O55 - Africa