Abstract

Ghana is viewed as one of top reformers among many African countries that have adopted SAP more out of compulsion in the form of threat for a cut off of external funds required to service the mounting debts. Implementation of SAP measures in Ghana exemplifies a dichotomy between a structured economy and an elected polity. The relative ease of introducing economic changes in the starting phase of SAP in Ghana, due to the authoritarian disposition of its ruling machinery, failed to persist when the country moved away from a military regime towards an elected form of governance.

Keywords: SAP, Ghana, Africa, IFIs, Polity, Economy