Ghana - Current economic situation and prospects (Vol. 4 of 7)

RESTRICTED F LJEJ ~JA cnr v Report No. AW=3aa a ALAW32 Vol.4 This report is for official use only by the Bank Group and specifically authorized organizations or persons. It may not be published, quoted or cited without Bank Group authorization. The Bank Group does not accept responsibility for the accuracy or completeness of the report. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL DEVELOPMENT ASSOCIATION CURRENT ECONOMIC SITUATION AND PROSPECTS OF GHANA (in seven volumes) VOLUME IV COC,OA March 9, 1972 Western Africa Department  CURRENCY EQUIVALENTS 1 New Cedi US$0.98 1 US Dollar N11.02 On December 27, 1971 the Cedi was devalued to 1 New Cedi = US$o.55 and on February 7, 1972 the Cedi was revalued to 1 New Cedi = US$0.78. In this report the exchange rate of 1 New Cedi = 0.98 has been used.  COMPOSITION OF THE MISSION This report is based on the findings of a mission to Ghana in April 1971, consisting of: Mr-. .Tqmeps J- IMvrihhon - Chipf of Mission Mr. Fateh Chaudhri - General Economist Mr .~1 1 miil-m... ut Dosta l - NatinnAl AeGO1.niintS. Xr Prnrriintinn Mr. Ved Gandhi - Fiscal Mr. Normqan Hicks - ERnncymic Pronections Mr. Thomas Klein - External Debt Mi,SS Ka+harine Mnrtimer - SOGial Seqtors Mr. Herman Nissenbaum - Projects Mr. Nabil.Sukkar - Trade and Balance of Pavgm ............. ents 1Mr. Carlos St Hill - External Debt Statistics Mr * AMrr'll Bater.n* - Cocoa Mr. Dean Papavassiliou - Research and Statistics AM4s Ger,aldine, P-.irrfn+^ine~ - ert T ,,S,,l~~~~~~ 4- 4- _Pns_ ALA; VI 1. WJ U koVIILk J.L.OVO U11LI i LLLJW.LL 1, VUL.LUIL I V o.LIU I -..LLJ Rpo- U Volume II - External Debt VoU.L-UwI, .LI -1.Recent Fiscal oULce Volume IV - Cocoa VorI . _ 1T |_I T- | i I4u M-1: -: a4 1: V U Vt LI UL 00 U RIJtle saD aLAAU tL A Le V474IJ.L |...LA U.L'JXA of Private Savings VoT-1. VIT " Pe-vi o' Econom.ic - " --- - V -U.L U4t;; Vi. ltI~V.L W L. .LAw~L-; A UiI Lc