Ghana: 2008 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Ghana

October 20, 2008

Preview Citation

Format: Chicago

Ghana: 2008 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Ghana, (USA: International Monetary Fund, 2008) accessed November 22, 2024

Summary

This 2008 Article IV Consultation highlights that Ghana’s growth has remained strong, fuelled by both the private and public sectors. The Ghanaian economy maintained strong growth of about 6½ percent in 2007 and the first months of 2008. The private sector has responded positively to macroeconomic stability, structural reforms, and an increasingly business-friendly environment. But fiscal spending also increased, leading to excess demand. Supply-side shocks, especially from international fuel prices, have impacted Ghana negatively, although overall, Ghana’s terms of trade continued to improve.

Subject: Debt sustainability, External debt, Income, Inflation, Prices, Public debt, Public financial management (PFM)

Keywords: Burden indicator, Concessional financing possibility, CR, Debt, Debt sustainability, Deficit, Ghana, Global, Headline inflation, Inflation, ISCR, IT framework, NPV, Real GDP, Reform policy, West Africa

Publication Details

Pages:

92
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/344
Stock No:

1GHAEA2008002
ISBN:

9781451815016
ISSN:

1934-7685

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