Ghana - Industrial policy, performance and recovery

Report No. 5716'iGH VVesl:m Afl Region and ;fdut rtiy D)ep;M r rnrt FO" OFFICIAL USE ONLY 3'~ s.rnent of '~he Worid Bank [H is documenct h& I -, r; o (I it Wbt~ mW nb\hl' .,~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~4 onhiv if I the Pen rl'i)r ti~( I) wi vr offi 61a I~ dtie q, .2i A ( bhe dJI.Scosed without WVokid Bank aLoiao  CURRENCY EQUIVALENTS End December Currency Unit 1973-77 USSI.00 = t1.15 t(100 = US$0.8696 1978-82 US$1.00 = (2.75 t1.00 = US$0.3636 1983 US$1.00 = B30.00 tL.00 = US$0.0333 1984 USSI.00 = :50.00 t1.00 = US$0.0200 1985 (end August) US$1.00 = C57.00 t1.00 = US$0.0175 ANNUAL AVERAGE EXCHANGE RATES 1973 US$1.00 = t1.16 t1.00 = US$0.8622 1974-77 US$1_00 = t1.15 01.00 = US$0.8696 1978 USSI.00 = t1.51 &i1.00 = US$0.6601 1979-82 US$1.00 = t2.75 i1.00 = US$0.3636 1983 US$1.00 = t20.00 $1.00 = US$0.0500 1984 USSI.00 = k35.36 (:1.00 = US$0.0283 FISCAL YEAR Prior to 1983 - July 1 to June 30 Since 1983 - January 1 to December 31  FOR OMCUL USE ONLY - MML m c M h9 LS ao Bo 1979 MDD Y 19M.0 (5EZIM w 1- . (&, 5oi 7 r um con.Q UmJ _"XLma 2~ff Z,897 0 qp a Thibm co4 3 15.2 -379 5wla 1.66 I-Cms LA 1^9 lamt co 1 3L.9 -3S 1ao l.a s3 5116 Bio MLmeCO I_) I 1 15 8iz _mbDjk C9 315 - 9.5 DL k co I 1 -47 -.0 mcdm & Qm g m130 56 49 8 aid a 7 23 aa 3.9 U dtiy& 16 25 XD.5 j -J 1 _I . ad, C 14 9 7.5 cxwcuxclm 238 123 -0. -17-6 197 1982 a"79 3m705 Mw -W -l -S -e-N- Iz-. im -. n Nimi-eb* COumm 3 WA 2.0 -5.3 Pad 1,3 g &{ 7bx An -W 11if -4 s co kocf3 I ^pM1 15 12 2FI a Docble Clommu 7 /A 3.6 6.1 IbS 4 EM%kCm 98 7 1 8 a P & , Pe,d a