ABSTRACT
The hardest parts of Ghana's adjustment agenda are yet to come, and the objectives and instruments have to be adjusted accordingly. But Ghana made slow progress in eliminating the parastatal monopoly in cocoa marketing and in developing more efficient markets. The Bank needs to frame its assistance strategy to help Ghana achieve participatory development and self-reliant, private sector-led growth. The Bank plans to support measures that government itself develops for public service reform, provided they can be expected to achieve the goal of a leaner and more effective public service. In sum, different stories can be told about Ghana depending upon the choice of indicators, and this choice may focus attention on which actions and outcomes will be most closely monitored and measured in future. The government's ability to pursue its reform agenda during the years 1986 and 1990 was enhanced by the fact that this period was relatively uneventful in terms of major political changes.
