Question

the role of international organisation in economic policy in Ghana.
your answer must include the IMF and the world bank

Answer 1

Role of International organisation in economic policy of ghana are as follows-

A. International monetary Fund is authorised with issuance of loans to underdeveloped countries of the world at a subsidised rate of interest so it is issuing the loans to Ghana at a lower rate of interest and it is affecting the economic policies of Ghana by affecting the overall economic development.

B. World Bank is affecting the the economic policies of Ghana by trying to regulate better management of economy through batter preparation of the monetary policies and it is guiding the central bank of the country in order to formulate a structured policy which can deal with the fluctuation with global markets.

C. International monetary Fund is also trying to promote fair trade policies across the Nations and it is also affecting the currencies of the Ghana with trade with foreign currencies and it will be impacting the overall economic policies of Ghana.

D. International monetary Fund is also promoting development of these economies which has been lagging economies in past decade so they are trying to provide various companies with bailout packages and they are trying to stimulate the demand in to the economy in order to boost the overall economic growth of this country so they will be affecting the economic policies.

E. World bank is also trying to interfere in the fiscal policies and the monetary policies of such countries and they are trying to support this government in better allocation of the public expenditure and better selection of the taxes in order to help them grow in the long run.