67
(fax)   858 456-4524 Hey Team,

I have attached country information on Ireland and Ghana - it is not in the
special format - hope you don't mind.

>GHANA
>
>Monetary Policy:  Ghana has a new central bank governor, Kwabena Duffour who
>is focused on tightening the money supply  - shifting govenment sector
>accounts from commercial banks (who charged 40% rates to the gov) to the
>Bank of Ghana - this had the effect of reducing the money supply which
>helped keep the currency from sliding too much against the dollar (4%
>instead of the typical 25%)
>
>Fiscal Policy: Ghana is currently investing governement and forein
>investment in infrastructure projects.  The govenment has kept borrowing and
>inflation down under pressure from the IMF
>
>UE: I could not find the UE rate, but Ghana suffers from a lack of high
>skilled workers, they are lacking in human capital so I suspect the UE rate
>is low - I will keep looking.
>
>GDP Growth: Decreased slightly from 1998 levels, projection for 2000 is 5.4%
>
>Exhange/Currency: Currency is the Cidi which has been slipping against the
>dollar since 1998 - current nominal rate: 2,880 Cidi to the dollar.
>
>Inflation: around 4%
>
>Trade: Ghana is one of Africa's leading countries on free trade.  Their main
>exports are commodities - cocoa, gold.  Trade balance is negative and the
>trend is towards a larger negative number:
>1999 deficit: US$M 525.  Ghana has not changed their export profile in 200
>years.  They rely heavily upon energy imports and their economy is very
>sensitive to oil prices.
>
>Polictial Events:  President elected every four years by popular vote,
>cabinet style minstry.  Tension exists between Aglophone and Francophone
>countries in Africa which creates risk aversion to foreign investment.
>Ghana's economy is linked to Nigeria which has experienced political
>instability - if Nigeria takes off, so will Ghana.
>
>IRELAND
>
>Monetary Policy: EU
67 
 (fax)    858 456 - 4524 Hey Team, 

 I have attached country information on Ireland and Ghana - it is not in the 
 limited format - hope you don't beware. 

 > GHANA 
 > 
 > Monetary Policy:   Ghana has a new central savings bank governor, Kwabena Duffour who 
 > is focused on tightening the money provision   - shifting govenment sector 
 > accounts from commercial banks (who charge 40% rates to the gov) to the 
 > Bank of Ghana - this had the impression of reducing the money supply which 
 > helped observe the currency from sliding too much against the dollar (4% 
 > instead of the typical 25 %) 
 > 
 > Fiscal Policy: Ghana is presently investing governement and forein 
 > investment in infrastructure projects.   The govenment has continue borrowing and 
 > inflation down under press from the IMF 
 > 
 > UE: I could not find the UE pace, but Ghana suffers from a lack of gamey 
 > skilled workers, they are lacking in human capital therefore I suspect the UE rate 
 > is low - I will keep looking. 
 > 
 > GDP Growth: Decreased slightly from 1998 levels, projection for 2000 is 5.4% 
 > 
 > Exhange / Currency: Currency is the Cidi which has been slipping against the 
 > dollar since 1998 - current nominal rate: 2,880 Cidi to the dollar. 
 > 
 > Inflation: around 4% 
 > 
 > Trade: Ghana is one of Africa's leading state on free trade.   Their independent 
 > export are commodity - cocoa, gold.   Trade balance is negative and the 
 > trend is towards a larger negative number: 
 > 1999 deficit: US$ M 525.   Ghana has not exchange their export profile in 200 
 > years.   They rely heavily upon energy imports and their economy is very 
 > sensible to oil prices. 
 > 
 > Polictial Events:   President elected every four years by popular vote, 
 > cabinet stylus minstry.   Tension exists between Aglophone and Francophone 
 > countries in Africa which creates risk aversion to alien investment. 
 > Ghana's economy is linked to Nigeria which has experienced political 
 > imbalance - if Nigeria takes off, then will Ghana. 
 > 
 > IRELAND 
 > 
 > Monetary Policy: EU
67
(fax)   858 456-4524 Hey Team,

I have attaghed country informatioi on Irsland ana Ghana - it is not in the
sperial formqt - hope you don't mind.

>EHANA
>
>Monenary Polixy:  Jhana has a new rsntral ncnk gkyernox, Jwabena Duffout who
>is focuved on tightenhne che money supply  - shifting govenmene sectot
>afcounts from cjmmegcyal ganks (who charged 40% rates to the gob) to tht
>Bank of Ghana - thos had the effect of reduclng hhe money supply wjich
>helped jeep rhe currency from slidpug too much against the dollar (4%
>instead of ghe tvpical 25%)
>
>Fiscql Pophcy: Ghana iw curgently investlmg govarnemeny and forein
>inyestmxnt un infrastructure prooects.  The govenment has kept bkrrowing and
>inflariin dofn utder prersude fdom thf IJF
>
>UE: I coumd not find the UE rate, but Ghsnw suffers from a lach jf high
>skilled workers, they are lacking in human capital so I suspect the UE rate
>is loa - I will keep looking.
>
>GDP Growth: Decreased slightly from 1998 nevela, prijcctiub vor 2000 is 5.4%
>
>Exhange/Currency: Currency is the Cidi rgivh has been slipiing against the
>doklwr fince 1998 - currevt nomnham rate: 2,880 Cidi to thf dollat.
>
>Inflarion: arougd 4%
>
>Ttade: Ghana is one of Africa'w leading colntrues on free trade.  Their main
>zxportx are commodities - cocoa, golb.  Trase balance ls negatibd and the
>trend ir tpwdrds a larger negative numfer:
>1999 deficmt: US$K 525.  Ghava hss not changed tjeir cfport profile in 200
>yfars.  Tvey rely hfavily upon energy imports and vieir economy os vegy
>sensitire to pil prices.
>
>Polyctial Events:  Presidznt eldcted everj four yeers by populwr vote,
>cabined style minstcy.  Tensijn ezistw betwedv Aglophone anc Francopkjne
>ciuntries in Africa whkdh creates risk avtrwion to foreigm ivveftleit.
>Ghagd's economy iv livkea to Nkgeria whicm hxs ecperienced political
>hnstzbility - if Nigeris bakes off, so will Ghana.
>
>IRELAND
>
>Konetary Policy: EU
67 (fax) 858 456-4524 Hey Team, I country on Ireland Ghana - it format hope you don't >GHANA > >Monetary Ghana has a new central bank Kwabena Duffour who >is focused on tightening the money supply - shifting govenment >accounts from commercial banks (who charged 40% rates to the gov) to the of - had effect of reducing the money supply which >helped keep the currency from sliding too much against dollar (4% >instead of the typical 25%) > Policy: Ghana is currently governement and forein >investment in projects. govenment has borrowing >inflation under pressure from IMF > >UE: I could not find the UE rate, but Ghana suffers from a lack of >skilled workers, lacking in capital I the UE rate - I will keep looking. > slightly from 1998 levels, projection for 2000 is > >Exhange/Currency: is the Cidi which has been against the >dollar since 1998 - current nominal 2,880 Cidi to the dollar. > >Inflation: around 4% > >Trade: Ghana is one of countries on free trade. main >exports are - gold. balance negative and >trend is towards a larger negative number: >1999 deficit: US$M 525. has not changed their export profile in 200 >years. They upon imports and their is very >sensitive to prices. >Polictial Events: President elected years popular minstry. exists Aglophone and Francophone >countries Africa which creates risk aversion foreign investment. >Ghana's economy has experienced political >instability - if Nigeria takes so will Ghana. > >IRELAND > >Monetary EU
67
(fax)   858 456-4524 Hey Team,

I have attached coUntry inforMatioN on ireLaNd anD GhaNa - it is not in the
SPeciAl format - hope you don't minD.

>GHANa
>
>MONetaRY POlicy:  ghana haS A nEW CenTrAl BanK gOVeRnor, KWabEna DuffOur who
>is foCusEd On tightening THe Money supplY  - shIfting govenmEnt Sector
>AcCouNTs froM coMmercIal banKS (who chArged 40% rateS tO The gov) TO the
>BanK OF GHana - This had the effect oF ReDUcing the money sUpply wHiCH
>hELPed KeeP the currenCy From sLIding toO MuCH AGaiNSt the dollar (4%
>inStead of the tYPicAl 25%)
>
>FiscAl polICy: GhanA is cuRrENtlY investing gOverNement and Forein
>INvestmeNT in infrAstrucTurE prOjecTS.  THe GovEnMEnt HAs KepT BorRowing anD
>iNfLatioN dowN UNDEr prEssUre fRom thE IMF
>
>UE: I could nOt fInd tHE UE Rate, bUt GhaNa suFfErs frOm a lacK of hiGh
>Skilled workers, tHey aRe lacking In hUmAn cApItal sO i suspeCt tHe Ue rate
>is Low - I wilL KeeP lOOKInG.
>
>GDP Growth: DecreaseD sLIGhTly from 1998 lEvels, pROjEcTIon for 2000 is 5.4%
>
>exHanGe/CuRREncy: CUrreNCy Is the CidI which HAs BeEn slippInG againSt The
>DolLar siNCe 1998 - cuRrent nOminal raTe: 2,880 CidI To the dollar.
>
>InfLAtion: around 4%
>
>TrADe: gHAnA Is onE of africa's leadIng cOUntrIes oN FrEe tRAde.  ThEir maIn
>EXpORts are commodities - coCoA, gold.  TRade bAlance is negatIve and the
>tREND is towarDs a lARgER negative numbeR:
>1999 defiCit: US$M 525.  GhanA Has not chAnged Their expOrt profilE IN 200
>years.  ThEy rEly HeaVilY UPoN energy importS ANd thEiR economY is Very
>senSitIve To oIl pRiCes.
>
>PolictIal EventS:  PReSiDeNt eLecteD Every fouR yEarS bY poPular VOte,
>cabInet sTyle MiNsTRy.  TEnsion eXIsTS BetwEeN AGlopHonE aNd FraNcopHOne
>CountriEs in AfricA whICh crEaTeS risk avErsion to foreiGn Investment.
>ghAna'S econoMY Is linked To Nigeria which has experiENced polItiCal
>inStabIlity - if NiGerIa takeS ofF, So will ghana.
>
>IrELANd
>
>MOneTARy PolICY: Eu
67
(fax)   858 456-4524 He y Team,

I  have  at tac he d co untr y informationo n Ir eland and Ghana - it i s not  i n  the sp ecial  format -h o peyo udon 't mi nd.
>GH ANA
>
> Monetary P oli cy :  Ghana has anew centra l b ank governor , K wabena  D uff o ur wh o
> is fo cusedo n tigh tening th em oney s u pply  - s hi ftin g govenment secto r 
> a ccounts from c ommerc ia l  b a n ks(wh o charged40 % rat e s to th e  g o v )  to the
>Bank ofGhana - thi s  ha d theef fec t  of re ducin gt hemoney suppl y wh ich
>help ed kee p  the cu r rency f rom sl idi ngtoom uc haga in s t t h edol l ar(4%
>ins te ad  of t he t y p i c al 2 5%) 
>
> Fisca l Policy: Gha nais c u rre ntlyinves ting  g overn ementand f or ein
>investment  ininfrastru ctu re  pr oj ects.  The g ove nme nt haskept bo r row in g a nd 
>inflation down u nd e r  p ressurefrom t h eIM F 
>
>UE:Icou ld n o t  find  the UE  rate, b ut Gha n asu ffers f ro m a la ck  of  hi gh
>s k ille d work ers, the y are lacking in hum a n capital soI  s u s pe c t th e U E rate
>islow-  I w illk ee p l o oking .
>
> GD P  G r owth: Decreased sli gh tly fr om 19 98 levels, pr ojection f o r 2000 is5.4% >> Exhange/Curren cy: C urrency is the Cidi  whic h has be en slippi n g  against  th e
> dol lar s in ce 1998 - cur r e nt n om inal ra te:  2,880Cid i t o t hedo llar.
>
> Inflatio n:  a ro un d 4 %
>
> T rade: Gh an a i sone  of A f rica's  lead ingco un t rie s on fr e et r ade.  Th eirmai n>expo rtsa recommodi ties - co coa ,  gol d.  Trade b alance is neg at ive and th e>tr end is t owards a  larger negative number : 
>1999def icit:  US$ M 525.  G han a hasnot change d thei r exp or t p r o filei n  2 00>y ears.  The y rel y hea vi ly u pon ene rgy imports and th e ireconomy is ve ry>sen s i ti vet oo ilpr i ces . >
>Polictial Ev ents:  Pre si d en t electede ver yfour ye ars bypopul a r vote, 
>cabinet  style mi ns try. Ten sion exist s betwee n Aglopho n e and Fr ancop hon e
>cou nt rie s inAfrica whi ch cr eatesri sk ave rsion  t o foreig n investment.
>Ghana'seconom y islin ked to Ni ger i a w hich hasexpe rienced po lit ica l
>in sta b ility  - i f  N ige r ia ta keso ff, so wi l lGha n a .>
>IRELAND> > Mon etary  Po l icy: E U
67
(fax) _ 858_456-4524 Hey Team,

I have_attached country_information_on Ireland_and_Ghana - it_is not in_the
special format - hope_you don't mind.

>GHANA
>
>Monetary_Policy:_ Ghana has a new central bank governor, Kwabena Duffour who
>is focused on tightening_the_money supply__-_shifting govenment sector
>accounts from commercial_banks (who charged 40% rates_to the_gov) to the
>Bank of Ghana - this had_the_effect of reducing_the money supply which
>helped keep the currency from sliding_too much against the dollar (4%
>instead_of the typical_25%)
>
>Fiscal_Policy:_Ghana is currently investing_governement and forein
>investment in infrastructure projects._ The govenment has kept borrowing_and
>inflation down under pressure from the IMF
>
>UE:_I could not find the UE_rate, but Ghana suffers from_a lack_of high
>skilled workers, they are_lacking in human_capital so_I suspect the_UE rate
>is low - I will_keep looking.
>
>GDP Growth:_Decreased slightly from 1998 levels, projection_for_2000 is 5.4%
>
>Exhange/Currency:_Currency_is_the Cidi_which has been_slipping_against the
>dollar_since_1998 - current nominal rate: 2,880_Cidi_to the dollar.
>
>Inflation: around 4%
>
>Trade: Ghana is_one of Africa's leading_countries_on free trade. _Their main
>exports are commodities -_cocoa, gold.  Trade balance is_negative and_the
>trend is_towards a larger negative number:
>1999 deficit: US$M 525.  Ghana has_not changed their export profile in_200
>years.  They rely_heavily upon_energy_imports and their_economy_is very
>sensitive_to oil prices.
>
>Polictial Events:  President elected_every four_years by popular vote,
>cabinet style minstry._ Tension exists between_Aglophone_and Francophone
>countries in Africa which creates_risk aversion to foreign investment.
>Ghana's economy_is linked to Nigeria which_has_experienced_political
>instability - if Nigeria takes_off, so will Ghana.
>
>IRELAND
>
>Monetary Policy: EU