The policy reforms in Ghana since 1983 have helped reduce fiscal deficit and inflation, improve infrastructure, and boost exports. By increasing government revenues and investing in infrastructure, the economy saw significant growth. Inflation dropped from 123% in 1983 to 18% in 1991. While agriculture grew slowly, services expanded rapidly. Merchandise exports and imports outpaced GDP growth, leading to a rise in external trade's share of the economy. Overall, these reforms have led to a turnaround in the economy, with growth averaging 4.7% per year since 1987.