Ghana: 2013 Article IV Consultation

June 27, 2013

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Ghana: 2013 Article IV Consultation, (USA: International Monetary Fund, 2013) accessed November 21, 2024

Summary

This 2013 Article IV Consultation highlights that economic growth in Ghana continued at a robust pace of 8 percent in 2012 amid rising fiscal and external imbalances. Fiscal pressures came to the fore in a mounting public sector wage bill and costly energy subsidies that pushed the deficit close to 12 percent of GDP. The growth momentum continues into 2013, with increased oil production projected to keep overall GDP growth close to 8 percent. Non-oil growth is likely to decelerate, however, as a result of energy disruptions and high real interest rates.

Subject: Balance of payments, Banking, Central bank policy rate, Credit, Current account deficits, Financial services, Inflation, Money, Prices, Public debt

Keywords: Central bank policy rate, CR, Creating flow, Credit, Current account deficits, Debt, Debt ratio, Deficit, Exchange rate, Fiscal policy implementation, GDP, Inflation, Inflation expectation, ISCR, Sub-Saharan Africa, Sustainability analysis, West Africa

Publication Details

Pages:

113
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/187
Stock No:

1GHAEA2013001
ISBN:

9781484377673
ISSN:

1934-7685

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