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The Ghanaian economy suffered a fallout from the large terms-of-trade shock that began in 1999. The fiscal program adopted is prudent and faces up to the country's difficult economic circumstances. Effective control of public expenditure commitments will be essential to the success of the...
Persistent link: https://www.econbiz.de/10014398929
The report gives the details of the Ghanaian authorities’ request for modification of the performance criterion under the Extended Credit Facility (ECF)-supported program. The proposed loan involves borrowing at nonconcessional terms. The authorities’ request is with the intention to...
Persistent link: https://www.econbiz.de/10014399094
Ghana’s growth of 3–4 percent in 2009 was about twice the estimated average for sub-Saharan Africa. Fiscal performance … in 2009 was weaker than programmed, giving rise to substantial new domestic expenditure arrears. The Bank of Ghana (BoG …
Persistent link: https://www.econbiz.de/10014404379
This Ex-Post Assessment of Longer-Term Program Engagement for Ghana explains its experience with particular attention … to the IMF's role. Progress in structural reform was slow, but Ghana also avoided mistakes made by some countries that … introduced reforms without enough public support. Ghana’s success in its reforms is embedded in the strengthening of democratic …
Persistent link: https://www.econbiz.de/10014404561
The staff report for the Second Review Under the Poverty Reduction and Growth Facility on Ghana highlights economic …
Persistent link: https://www.econbiz.de/10014404866
Ghana’s macroeconomic performance has continued to improve, and the program’s objectives are being met. Progress has …
Persistent link: https://www.econbiz.de/10014404950
This 2005 Article IV Consultation highlights that economic performance in Ghana has improved since 2000, with the … remittances. Ghana’s medium-term prospects appear promising, with growth projected to continue at the current relatively high rate …
Persistent link: https://www.econbiz.de/10014406050
All quantitative and structural performance criteria for end-June 2003 were observed. These positive results reflect several factors, including improved public expenditure management and strengthened revenue administration (offsetting delays in some of this year's new revenue measures),...
Persistent link: https://www.econbiz.de/10014406511
This 2009 Article IV Consultation highlights that Ghana’s overall financial system remains stable. The regulatory and …’ efforts to restore macroeconomic stability by seeking to achieve fiscal sustainability. Noting that Ghana remains at moderate …
Persistent link: https://www.econbiz.de/10014406691
This paper assesses Ghana’s 2003 Article IV Consultation, and Requests for a Three-Year Arrangement Under the Poverty …
Persistent link: https://www.econbiz.de/10014406978