ABSTRACT
Fiscal management has improved and Ghana's credit rating is at an unprecedented high. Increased confidence in Ghana's economy by foreign financiers also has enabled the country to attract foreign loans and investment. Although Structural Adjustment Programs may have succeeded to some extent at the macro-level, according to the World Bank and International Monetary Fund (IMF) criteria, the overall impacts at the micro-level have been largely negative. Considering all the litany of ills that have afflicted Ghana since the adjustment programs were put in place, it may be safe to conclude that Ghana is also experiencing the worst of times. Structural adjustment programs are undermining recovery prospects, compounding inequalities, undermining the position of women, and failing to protect access to health and education services. In short, the adjustment program itself is part of the poverty problem. The negative impacts of IMF/World Bank economic restructuring programs are evident not in Africa alone.
