France's single currency dilemma

Article Abstract:

European monetary union (Emu) has become an election issue in France where further reductions in government spending may be needed if France is to take part in Emu. There appears to be a possibility for countries to inflate their economies after the decision in 1998 on who is to join the project. The exchange rate will not be decided until 1999. This may be avoided if the timetable id changes and the rate of exchange is announced in 1998. Such a move would mean a long-term commitment to austerity in France.

Administration of General Economic Programs, Currency Stabilization Programs, France, Monetary unions, Currency stabilization

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Grabbing a share of the investment cake

Article Abstract:

Ghana is speeding up its privatization program in 1997 in order to encourage foreign investment. Ghana Telecom is to be privatized and a stake will be sold in Ashanti Goldfields. A decision has to be made on the Ghana National Petroleum Corp and whether it will attract foreign investors since petroleum reserves are not guaranteed. Foreign investment is needed in manufacturing activities such as pharmaceuticals, food processing and brewing. Free trade zones have been set up in order to attract investment.

Foreign investments, Economic aspects, Privatization, Privatization (Business), Ghana

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