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slowdown in growth, is putting Ghana's medium-term prospects at risk. The Government's efforts to achieve fiscal consolidation …, anchored on their second Ghana Shared Growth and Development Agenda (GSGDA II), aims at a sizeable and frontloaded fiscal …
Persistent link: https://www.econbiz.de/10014407774
This paper highlights Ghana's Request for an Arrangement under the Extended Credit Facility (ECF). The authorities …
Persistent link: https://www.econbiz.de/10015059432
This paper presents Ghana's 2023 Article IV Consultation, First Review under the Extended Credit Facility Arrangement … under the Extended Credit Facility, Request for Modification of Performance Criteria, and Financing Assurances Review. Ghana …
Persistent link: https://www.econbiz.de/10015058721
begun to weaken private sector activity, and spreads on Ghana’s Eurobonds have risen above those of regional peers. Economic … to 18 percent and reserve requirements were tightened. Current vulnerabilities put Ghana’s transformation agenda at risk … exposures will need to be monitored closely. Stress tests conducted by the Bank of Ghana suggest that buffers are adequate in …
Persistent link: https://www.econbiz.de/10014411297
This technical note discusses anti-money laundering and combating the financing terrorism (AML-CFT) supervision of the banking sector in West African Economic and Monetary Union (WAEMU). The decision to focus on the AML/CFT supervision of the WAEMU banking sector was based on the remit of the...
Persistent link: https://www.econbiz.de/10015059340
The institutional and legal frameworks for financial stability in the West African Economic and Monetary Union (WAEMU) have seen significant progress since the previous Financial Sector Assessment Program (FSAP) in 2008. 1 The institutional reform of the WAEMU and the Central Bank of West...
Persistent link: https://www.econbiz.de/10015060155
The limited development of markets in the region represents a key risk factor for financial stability. 1 Since the previous Financial Sector Assessment Program (FSAP) in 2008, the bank deposit base has increased from 18 percent to 30 percent of gross domestic product (GDP) and the buoyancy of...
Persistent link: https://www.econbiz.de/10015060157
This technical note presents the stress tests on credit, interest rate, and concentration risk conducted by the WAEMU FSAP.1 Stress tests on contagion and liquidity risks are addressed separately.2 Stress tests are an important tool for detecting financial sector vulnerabilities, setting up...
Persistent link: https://www.econbiz.de/10015060158
This Technical Note focuses on strengthening of monetary and liquidity management in Nigeria. The Central Bank of Nigeria (CBN) has robust institutional framework in place to design and implement monetary policy. The CBN has also sufficient instruments for short-term liquidity management. The...
Persistent link: https://www.econbiz.de/10014394565
This Financial Sector Stability Assessment on Nigeria discusses the macroeconomic performance and structure of the financial system. Although Nigerian economy experienced both domestic and external shocks in recent years, the economy continued to grow rapidly, achieving more than 7 percent...
Persistent link: https://www.econbiz.de/10014395170