ABSTRACT
This part of the book complements our researches on the current account of the Nigerian economy with those for the Ghanaian economy. Nigeria and Ghana are the two largest economies in West Africa and both are English speaking and share certain patterns of international linkages and institutional arrangements, so that covering them together in this study seemed especially worthwhile. Their comparison also allows a more extensive judgment to be made on the applicability of the Present Value Approach to the Current Account (PVMCA). The underlying theory and the econometric techniques for the PVMCA have already been laid out in the earlier chapters and do not need repetition in this chapter. Therefore, this part of the book focuses on economic and political developments in Ghana during 1957-2000 and the applicability of the PVMCA to the Ghanaian economy.
