The economy today is in dramatically better shape than it was at the end of the year 2000 with strong macroeconomic fundamentals.
- Headline inflation has declined from a peak of 41.5 percent in March 2001 to 14.9 per cent in September 2005, and is projected at no more than 15.0 per cent by the end of 2005;
- The exchange rate of the cedi has remained stable over the last few years and has recently been appreciating in nominal terms against the major international currencies; and
- Private sector participation in the economy has increased. Private investment as a percentage of GDP has increased from 13.8 percent in 2001 to 17.1 percent by end 2004. Public investment has also increased steadily from 6.1 percent of GDP in 2002 to 12.5 percent of GDP by end 2004.
