Ghana Resident Representative Site

Resident Representative Office in Ghana

Novemnber 2009

This web page provides information in on the activities of the Office, views of the IMF staff, and the relations between Ghana and the IMF. Additional information can be found on Ghana and IMF country page, including official IMF reports and Executive Board documents in English that deal with Ghana.

News and Highlights

IMF African Department Director Antoinette Sayeh Visit to Ghana

From the Resident Representative Office in Ghana; November 2, 2009 

Poor Countries Need Extra Help to Get Through Global Crisis

A new IMF study finds that at least $25 billion in urgent concessional financing will be needed this year to help low-income countries affected by the deepening global economic crisis and prevent millions from falling back into poverty. 

More Investors Turn to Sub-Saharan Africa

International investors, increasingly interested in emerging and developing countries worldwide, are turning to sub-Saharan Africa in their search for yield, diversification, and potential. Some market analysts see in Africa a new asset class—a "frontier emerging market." 

Ghana and The IMF

Sub-Saharan Africa: Challenges for 2010, Remarks by Ms. Antoinette Sayeh, Director, African Department of the International Monetary Fund

November 19,2009

Press Release: IMF Selects Ghana as Site for Regional Technical Assistance Center in Africa

November 11,2009

Press Release: Statement by IMF African Department Director Antoinette Sayeh at the Conclusion of Her Visit to Ghana

November 3,2009

Press Release: Statement by the IMF Staff Mission to Ghana

October 23,2009

Ghana: 2009 Article IV Consultation and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility - Staff Report; Staff Supplement; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Ghana

August 14,2009
Series: Country Report No. 09/256 

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Regional Economic Outlook for Sub-Saharan Africa

Sub-Saharan Africa has been hit hard by the global recession, but signs of resilience remain. While South Africa and some other middle-income countries were caught in the turbulence of international financial markets, and oil exporters saw government revenues plunge, some countries with wider commodity bases have so far escaped the worst of the crisis. Also, and reassuringly, with stronger initial fiscal and external positions than in past downturns, most countries in the region have been able to partially absorb external shocks by allowing fiscal deficits to rise and reducing interest rates. Exchange rates have generally been allowed to adjust. With many families affected by the crisis, however, progress toward the Millennium Development Goals has receded. Looking ahead, fiscal policy must balance support for the recovery with enhancing future growth prospects, debt sustainability, and poverty reduction. Published biannually in May and October.

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