Abstract

Ghana's structural adjustment programme has been hailed as an impressive success story, with rises in GDP, exports, net inward financial transfers, food production and real minimum wages, and decreasing inflation. However, there are still gaps and problematics — both in terms of production economics and human and social failures — which require attention if these gains are to be secured and issues such as absolute poverty, life expectancy, literacy, education and health are to be addressed. This article looks at gaps and doubts in production and productive efficiency, and indicates the way forward for Ghanaian policy if this success story is to be continued.

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