IV. Matrix for Evaluating Indicators for Impacts of Improved Financial Intermediation

Task 2 Impacts

INDICATOR

D

O

A

Q

S

P

R

Reduced Rate of Inflation

More Stable Consumer Price

3

3

3

3

N

3

2

Index (CPI)

Rate of Inflation

3

3

3

3

N

3

2

Exchange Rates

2

2

3

3

N

3

3

More Stable and Realistic

Dollar exchange rate

3

3

3

3

N

3

3

Exchange Rates

Pound exchange rate

2

3

3

3

N

3

3

Rand exchange rate

2

3

3

3

N

3

3

CFA Franc exchange rate

2

3

3

3

N

3

3

Depreciation rate for cedi

3

3

3

3

N

2

3

No or Slower Growth in

Level of Public Debt

2

3

3

3

N

3

2

Public Debt

Growth in Public Debt

3

3

3

3

N

2

2

Public Debt as Percent of

3

3

3

3

N

2

2

GDP

Increased Use of Private

Loans to private sector

2

2

3

3

2

2

2

Sector Financial Resources

Proportion of credit going to

3

3

3

3

N

2

2

the private sector

Listings on the GSE

2

2

3

3

2

2

2

GSE volume of trades

2

3

3

3

2

3

3

Increased Foreign Direct

Level of FDI (accumulated)

2

3

3

3

2

2

2

Investment

Annual new FDI

3

3

3

3

2

2

2

Net FDI

2

3

3

3

2

3

2

D=Direct, O=Objective, A=Adequate, Q=Quantitative, S=Disaggregated, P=Practical

 R=Reliable;   Ratings are: 3=Strong, 2=Medium, 1=Weak, N=Not Applicable

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