Several studies have examined the macro-economic impact and social costs of Structural Adjustment Programmes (SAPs) currently being implemented by many developing countries. Conspicuously lacking from the existing body of literature are reviews that explicitly ask and examine some pertinent geographical questions. The primary objective of this article is to assess the spatial implications of Ghana's economic recovery programmes that have been pursued since 1983 under the directions and dictates of the IMF and the World Bank. It argues that, in spite of the moderate successes recorded at the macro-economic level, a significant flaw of structural adjustment programmes is the neglect of the spatial dimensions of economic development.